There Is More to Building Shelter than Profit
May 2006

 

Reese Jarrett is a native San Diegan. He attributes much of his success to his father who instilled a good work ethic and the need for a quality education and tenacity to decide what you want and “go for it”. He also is a true believer in affirmative action. Being of African-American heritage, he feels, opened the door to higher education and an opportunity to go to college.

Jarrett is a success story. He built a career in banking, real estate and major community revitalization. He was the executive vice president and director of Southeastern Economic Development Corporation. He is totally committed to urban communities and fostering job opportunities and affordable housing in low-income areas to help residents make a better life for themselves.

Tom Carter and Reese Jarrett joined together and formed Reese Carter and Associates. In the mid-nineties, they began seeking infill lots and turning them into housing opportunities–starting out with small projects and now expanding their expertise into larger infill development projects. Their award-winning Marston Point on the Park was a prototype for today’s urban living concept. Some of their first projects were in Mission Hills and Uptown. They have managed to overcome community objections in many cases and build successful projects. With the influx of big developers entering the market, they have moving east to Uptown and are now finishing Renaissance at North Park. Concerned about affordability, they incorporate some affordable housing into their projects. They found that working with non-profit corporations has been a benefit for all entities.

Renaissance at North Park will revitalize an area of North Park badly in need of a “re-make”. It is a four-story mixed-use building fronting El Cajon Blvd. and 14 three-story townhomes on Kansas Street. It will provide 96 senior apartments, 6000 sq. ft. of commercial space, 6000 sq. ft. of space to be used for community space or retail, a pedestrian plaza and 187 new parking spaces. Reese Carter will also be adding 24 market-rate units north of the project on 30th Street. Money came from many sources working together to make this happen.

The company is now working its way east to places like Encanto to build quality and mixed-use projects and to revitalize other areas in need of affordable housing and better living conditions.

 

 

 

 

 

                 Renaissance at North Park