Holland JV Acquires 10 Acres in Mission Valley, Plans $500M MF Complex
Joint venture partners Lowe, AECOM Capital and Atlas Hotels sold four residential development parcels in San Diego’s Mission Valley for $82 million. The buyer was a JV owned by Vancouver, WA-based developer Holland Partner Group and North America Sekisui House, LLC (NASH), which plans a $500-million multifamily complex with 840 residences.
Construction on the first phase of the apartment community will begin in early 2019, with delivery of the first units as early as spring 2021, and final units of the complex delivered by early 2023.
The 10.13-acre site is part of the planned mixed-use renovation and redevelopment of the Town and Country San Diego, a 40-acre urban resort hotel and conference center on Hotel Circle North. Lowe plans a $70-million renovation of the 688-room resort, and will restore eight acres of habitat as well as create a three-acre public park along the San Diego River that runs through the property.
JLL’s Darcy Miramontes, Kip Malo, Bob Patterson, Lynn LaChapelle and Sach Kirpalani represented the sellers.
Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services.
In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company.
In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix.
Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator.
Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements.
Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.
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