On April 15, community members gathered to celebrate The Teralta, a project that reflects both the history and the future of City Heights. What was once the 1948 Superior Furniture Co. building has been thoughtfully transformed into 73 affordable homes for families—while preserving the building’s familiar Art Deco façade that so many neighbors recognize.
For residents of City Heights, this moment is about more than a grand opening. It represents long-awaited investment in families, stability, and the kind of housing that truly meets the needs of the community.
One of the most meaningful aspects of The Teralta is its focus on families of all sizes. In a city where larger affordable units are hard to find, 45 of the 73 apartments include three- and four-bedroom homes—creating space for multigenerational households and giving families room to grow, stay connected, and thrive together.
The $71 million development is also an investment in the neighborhood itself. By breathing new life into a historic building and creating space for local-serving businesses, The Teralta contributes to the vibrancy and economic health of City Heights while honoring its past.
Equally important is what happens beyond the front door. Residents will have access to Wakeland’s Resident Services program, which offers youth programs, career development support, and resources designed to uplift the whole family. As Dani Halton, Senior Project Manager, shared,
Local leaders, including San Diego Mayor Todd Gloria, joined community advocates to mark the occasion, highlighting the importance of projects like The Teralta in addressing the region’s housing challenges in ways that center people and community.
“Everyone living here has access to indoor and outdoor spaces and can truly thrive and build community within the building—something we hope will expand into the larger community.” These services help ensure that housing is not just affordable—but empowering.
At its heart, The Teralta is about belonging. It’s about creating a place where families can put down roots, where history is honored, and where the future of City Heights is shaped by opportunity, resilience, and care.
Built Through Strong Public-Private Partnerships:
The Teralta was made possible through a collaborative public-private financing structure, with key funding partners, including Price Philanthropies Foundation, the California Tax Credit Allocation Committee, City of San Diego, San Diego Housing Commission, U.S. Bank, and the Federal Home Loan Bank of San Francisco, among others.
The development is the third affordable housing community completed by Wakeland Housing and Price Philanthropies Foundation, and reflects a strong partnership in the City Heights community. Wakeland Housing is the largest provider of affordable housing in City Heights, with more than 500 affordable homes across 18 properties, reflecting the nonprofit’s deep roots and ongoing investment in this neighborhood.
About Wakeland Housing
Wakeland Housing transforms lives and communities with high-quality affordable and supportive housing paired with impactful resident services. With more than 9,000 homes across 70 properties, Wakeland creates housing that serves as a foundation for health, stability, and opportunity for low-income families, seniors, veterans, and individuals who have experienced homelessness. Learn more at www.wakelandhdc.com.
About Price Philanthropies Foundation
Price Philanthropies Foundation was founded by retail entrepreneur and philanthropist Sol Price and his wife Helen in 1982. The foundation’s mission is to improve life opportunities for underserved youth and families, and their communities. Its grant making occurs primarily in San Diego County, with a focus on City Heights. For more information visit: https://pricephilanthropies.org/