What is the latest status of the project “Neptune Apartments Redevelopment”?

The status recorded for “Neptune Apartments Redevelopment” is planned.

What is the budget and commercial profile for the project “Neptune Apartments Redevelopment”?

Taiyo normalizes the budget of “Neptune Apartments Redevelopment” to USD 4250000.

Where can I verify the source and access all details for “Neptune Apartments Redevelopment”?

This Taiyo project page references Santa Cruz Local along with the original URL (https://santacruzlocal.org/2025/10/31/neptune-apartments-in-santa-cruz-slated-for-redevelopment-into-102-apartments/). Taiyo standardizes official data into a consistent, searchable project profile.

Neptune Apartments Redevelopment

Sector: Commercial • Location: Santa Cruz, California, United States

Source: Santa Cruz Local

Project

Planned

The Neptune Apartments in Santa Cruz, built in the 1930s and currently consisting of six rental homes, are slated for redevelopment into a new 102-unit apartment building. The proposed eight-story building will consist entirely of below-market-rate homes and aims to satisfy affordability requirements for a separate market-rate project nearby. The redevelopment is part of the city's Downtown Plan E

Status: Prospective
Sector: Commercial, Residential
Location: Santa Cruz, California, United States of America
Updated: 22 Jul 2026
Source: Santa Cruz Local

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Project Information

4 Q

The project “Neptune Apartments Redevelopment” is an infrastructure initiative in the Commercial sector, located in Santa Cruz, California, United States. Taiyo aggregates data on it from Santa Cruz Local.

Participants

Not available for this record.

Status

Original status	planned
Taiyo status	Prospective
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	The Neptune Apartments in Santa Cruz, built in the 1930s and currently consisting of six rental homes, are slated for redevelopment into a new 102-unit apartment building. The proposed eight-story building will consist entirely of below-market-rate homes and aims to satisfy affordability requirements for a separate market-rate project nearby. The redevelopment is part of the city's Downtown Plan Expansion and the new Downtown Density Bonus rule, which encourages affordable housing development.
Original sector	Built Sector
Budget

Location

Country	United States of America (USA)
State	California
City	Santa Cruz

Source

Source	Santa Cruz Local
URL

More Details

Record type	Project
Sector	Commercial, Residential
Article published date	2025-11-03

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