Photo courtesy of Chelsea Investment Corp.

Photo courtesy of Chelsea Investment Corp.

Developers have reopened the 150-unit Westminster Manor in Bankers Hill, following a $55.2 million acquisition and renovation of the senior affordable apartment property, according to the San Diego Housing Commission.

The project was completed by Westminster Manor LLC, a joint venture of Carlsbad-based developer Chelsea Investment Corp. and Westminster Manor of San Diego Inc. Officials said it was the first major overhaul in 44 years for the apartment property serving low-income seniors, built in 1972 at 1730 Third Ave.

A Housing Commission statement said the 16-story building now features improvements including a larger community room, a computer-equipped library, new windows and floors, and upgraded kitchens and showers, following a $13.2 million renovation that began in late 2014.

The Housing Commission authorized the issuance of $27.3 million in state multifamily housing revenue bonds to cover approximately 49 percent of total acquisition financing and renovation costs.

The Housing Commission partnered with Chelsea Investment, Westminster Manor of San Diego and Senior Housing Corp. for the purchase and renovation of the property. Residents were temporarily relocated to area hotels during construction.