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Fairfield Picks Up Mission Valley MF Development Site
The Heights at Fashion Valley, a luxury residential development site in San Diego’s Mission Valley submarket, has been sold for an undisclosed price. Fairfield Residential acquired the property from Guardian Capital.
Located at 6950, 7020, and 7050 Friars Rd., the planned 319-unit complex will be situated on 5.43 acres and is directly across the street from Fashion Valley mall. Currently, there are two three-story vacant office buildings on the property that will be demolished.
CBRE’s Kevin Mulhern, Rachel Parsons and Laurie Lustig-Bower represented the seller. The buyer was self-represented.
Parsons says, “This fully entitled development site was a rare investment opportunity to build high-end residential in one of San Diego’s most dynamic infill markets.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development
- ◦Sale/Acquisition


