CEDARst Companies, a nationally recognized multifamily real estate developer, broke ground on Bancroft Lofts, a $106-million multifamily community located at 3760 Bancroft St. in San Diego’s North Park neighborhood. The 255,000-square-foot development will deliver 218 apartments, with completion anticipated by December 2027.

Bancroft Lofts marks CEDARst’s second project to break ground in San Diego this year. It follows The Lawson (South Park, San Diego), which broke ground in October 2025, and The Nash (University Heights, San Diego), completed in May 2024.

“This groundbreaking underscores both our conviction in San Diego and our continued focus on delivering high-quality housing in the city’s most vibrant, walkable neighborhoods,” said Will Murphy, CEO & managing partner at CEDARst Companies. “North Park offers an incredible foundation for thoughtful urban infill. Bancroft Lofts enhances that fabric with new residential options, robust amenities, and a design that complements the character of the community.”

Whether you lend, build, broker, invest, or advise in the multifamily arena, you won’t want to miss Connect Southeast Multifamily on December 4^th. If you’re involved in development, repositioning, investment, asset operations, financing, or trading — these insights are designed for you. Take a look at the full event agenda and register now to be in the room on December 4^th! www.ConnectSEMF2025.com