Project Update: Construction Financing Secured for Multifamily Project in San Diego

January 08, 2021
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Photo Credit: Acres Capital

Photo Credit: Acres Capital

Source: Commercial Observer

Developers have landed $20.7 million in construction financing for the development of a new multifamily community in San Diego.
 
Where is this happening?
San Diego, Calif.
 
Who is involved?
Developer: Champion Development Partners
 
When is this happening?
The project’s estimated completion date is currently unknown.
 
Why is this important?
Once complete, this project will “offer renters both luxury and convenience in the heart of North Park.” (George Champion III, Owner of Champion Development Partners)
 
Key aspects?
13 parking spaces
Focus on maximizing walkability
Located within North Park neighborhood

Project Specs?
Seven-stories tall
94 apartment units
3,031 square-feet of retail space 

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