The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
July 16, 2019
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





MULTIFAMILY NEWS
Printer-friendly Version   Email an Associate
Greystar Picks Up Downtown San Diego Development Site

5/21/19

Greystar acquired a prime development site totaling 0.59 acres in downtown San Diego, at the southwest corner of 6th Ave and Olive St. The property was sold by St. Paul’s Episcopal Cathedral.

Greystar will develop a new 204-unit high-rise apartment community on the property, with 18 of the residential units designated affordable for very low-income residents. In addition, they will supply the seller with improved office space on the ground floor of the new project along with 70 designated parking stalls to support the cathedral’s ministry. The project has been approved by the San Diego City Council and will begin construction in June.

The project’s location is walkable to employment centers plus amenities and is also bike-friendly and conveniently serviced by public transportation. The 20-story project is also situated at the edge of and will overlook the 1200-acre Balboa Park, the nation’s second largest urban cultural park featuring 15 museums, performing arts venues, gardens, and the San Diego Zoo.

The apartment community was designed by Joseph Wong Design Associates (JWDA). The award-winning designer has delivered some of San Diego’s most significant buildings and helped improve the skyline. For over thirty years, JWDA has planned and designed major buildings throughout California and in most major cities in Asia.

The seller was represented in the transaction by Tim Winslow, Jason Kimmel and Kevin Nolen of Cushman & Wakefield. St. Paul’s Episcopal Cathedral has been represented since 2002 by developer Tom Delaney of Springline Associates, Inc.

“Bankers Hill is a vivacious neighborhood home to some of San Diego’s finest and most iconic restaurants,” noted Winslow. “New housing projects are changing the landscape in the surrounding blocks with new condo buildings planned for 6th Ave and Palm St, 5th Ave and Nutmeg St, and 5th Ave and Maple St. This residential growth aims to create increased convenience and connectivity within this desirable community, all the while helping to fulfill an ongoing need for housing.”







Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media