This development was attractive to Canter Companies as a potentially profitable investment, and more importantly, it provides an opportunity to be a part of the urban infill movement that turns undeveloped lots into valuable pieces of real estate. Urban infill is becoming a more common practice of development in cities nationwide as it reduces sprawl and promotes a more vibrant city core. Canter Companies CEO, Andrew Canter, stressed his focus on urban in-fill projects, “The ability to play a part in changing a neighborhood is something our company takes very seriously. We strive to not just simply make a profit on our investments, but also to raise the bar of development in the area.” He continued, “We love the idea of being a part of a project like the C2 Lofts that we are able to offer not only our capital to, but also our unique perspective on design.”
Canter Companies and InDev: Invest + Develop, are also bringing their development expertise together on another urban infill project in San Diego’s coveted Little Italy neighborhood. The lot will be developed into a multi-unit building comprised of 10 private entry homes and is projected to be complete in spring 2014.