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5/19/20
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The Ivy, a one-acre site in downtown Escondido that has already been entitled for a proposed multifamily development, has traded hands. The Ivy is anticipated to consist of 127 new residential units comprising studio-, one- and two-bedroom units, plus basement and main level parking.
Located at 343 E. 2nd Ave in the city’s historic district, the new multifamily project will offer many on-site amenities, plus views of the city. The location is also within walking distance to many local amenities and public transportation services. It is just mile and a half from Interstate 15, with major employment centers also just a short commute.
MAAC Ivy LLC was the buyer. The seller, Touchstone MF Fund I LLC, was repped by Matt Davis and Terry Jackson of Cushman & Wakefield’s Land Advisory Group.
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