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August 21, 2018
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Pathfinder Partners and Silvergate Development to Develop 130-Unit Apartment Community in La Mesa

7/26/18

Pathfinder Partners LLC has partnered with San Diego-based developer, Silvergate Development LLC, to acquire Little Flower Haven – a 4.1-acre former convent and senior retirement community in La Mesa, in east San Diego County.

The venture plans to develop the site – acquired for an undisclosed price – which is entitled for a 130-unit apartment community, providing much needed housing in a highly desirable, supply-constrained market.

Plans include preserving the most historic part of the existing 1930’s-era mission-style structure, including an existing bell tower and chapel. The remodeled original structure and new east and west wings to be constructed on either side will include 50 apartments and a number of indoor amenities including a recreation room with kitchen and a fitness facility overlooking the exterior decks and pool area. The building will include 39 units served by elevator. In addition to the historic centerpiece of the project fronting La Mesa Blvd, there will be six new three-story residential buildings with convenient tuck under parking, arranged around the outdoor amenities throughout the site.

The property will have 68 one-bedroom/one-bathroom units, 55 two-bedroom/two-bathroom and seven studios, averaging 777 sf in size. Each unit will feature solid surface counter tops, stainless steel appliances, new flooring, in-unit washer/dryers, central heat and air conditioning, and most units will contain a large private patio or balcony. Little Flower Haven will also have a variety of community amenities including a fitness center, swimming pool and spa, BBQs, electric vehicle charging stations, bike lockers, resident storage areas, covered parking and a bark park. Construction is scheduled to begin in the fall of 2018.

“The new community will be located two blocks from the charming La Mesa Village, the historical center of the neighborhood and home to numerous restaurants, cafes, boutiques and art galleries,” noted Mitch Siegler, senior managing director of Pathfinder Partners. “Residents will enjoy a walkable, urban community in a family-friendly area just 15 minutes from downtown San Diego and major employment centers.”

A downtown La Mesa landmark, Little Flower Haven was originally a convent and an assisted living facility for the elderly that closed in 2015. Austin Dias from Duhs Commercial Inc represented the buyer. Eric Knowles from Kidder Matthews repped the seller in the deal.




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