CEDARst Companies to Build Multifamily Project in San Diego
Chicago-based multifamily developer CEDARst Companies is planning a new ground-up residential development in an opportunity zone in San Diego’s North Park and Hillcrest neighborhoods. The $74.4 million project will consist of a 205,000-square-foot seven-story building. Its onsite amenities will include a fitness center, lounge, café, game room, and a deck with a swimming pool, cabanas, hot tub and a kitchen.
“We are thrilled to bring our distinct brand of apartments to one of the best submarkets on the west coast,” Will Murphy, managing partner and CEO at CEDARst, said. “We believe our high-quality and fairly priced apartments will be a fantastic new option for residents of these historic neighborhoods.”
CEDARst Companies is expected to break ground on the project later this month. It will take approximately two years to build.