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Civitas Breaks Ground on Apartments in Supply-Constrained Balboa Park
Dallas-based Civitas Capital Group recently broke ground on a 76-unit, Class A multifamily community in the North Park neighborhood of San Diego’s Balboa Park. Located at 4080 32nd St., the project comes into a market that faces a housing shortage, with Balboa Park in particular expected to have zero net new deliveries between the second quarter of 2025 and Q3 2026.
Jorge Adler, director of investments at Civitas, said a big reason the project could break ground when others could not is because of its ability to accept funding through the EB-5 Immigrant Investor Program. The project is located within a Targeted Employment Area, as defined by UCIS.
“We closed on the land for this project in September of this year and broke ground within 30 days,” says Kelly Lindig, director of development at Civitas. “Our team at Civitas has experience in all aspects of the development and construction process with projects in Texas and California.”
- ◦Development
