California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Greystar Launches Pre-leasing at Luxury Multifamily Near Balboa Park
Pre-leasing is underway at Greystar’s 525 Olive, a nearly 300,000-square-foot luxury apartment community in San Diego’s Bankers Hill being developed in conjunction with St. Paul’s Episcopal Cathedral. With panoramic views of Balboa Park, the $100.2-million project is slated for completion in April, with move-ins beginning that month.
According to Raul Tamez, director of development for Greystar, the 20-story luxury community is San Diego’s answer to New York’s Central Park living – providing easy access to the city’s urban playground, Balboa Park, with more than 1,200 acres of natural outdoor space.
“With its elevated Bankers Hill location, 525 Olive is now the highest residential address in San Diego, offering sweeping city, bay and park views,” Tamez said.
Greystar acquired the 0.59-acre parcel from St. Paul’s in 2019 and began construction shortly thereafter. The church will occupy 10,000 square feet on 525 Olive’s first floor and 8,500 square feet on the bottom level.
- ◦Development
