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CityMark Gets $48M for Little Italy Mixed-Use Funding
San Diego-based CityMark Development recently received $48 million in financing to develop Kettner Lofts, a mixed-use project in the city’s Little Italy district.
Kettner Lofts is planned for six stories, with 129 residential units and 8,000 square feet of retail. Groundbreaking is expected next year, and the project is scheduled for completion in 2017.
The funding for Kettner Lofts was brokered by Fident Capital, from an institutional investor based in Los Angeles.
CityMark will preserve the historic fascade of the building, which formerly housed Caliber Collision Center.
Architects for Kettner Lofts are Tanner Hecht Architecture and Van Tilburg, Banvard & Soderbergh.
- ◦Financing
- ◦Development
