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Mid-Rise Winslow Nabs $113M Construction Loan
Construction financing to the tune of $112.6 million was recently secured for the development of a class-A mid-rise apartment community. The project is located within San Diego’s University Heights neighborhood.
Upon completion, Winslow will consist of a seven-story building (with one additional story below grade) comprising 379 apartment units, a 15,000-square-foot CVS and 542 parking stalls. In addition to the ground-floor retail space, the community will provide an amenity package that will include a co-working lounge, pool, fireside lounge with catering kitchen, fitness center, bike storage and private dog park.
Interior apartment features will include quartz countertops, roller window shades, tile surround showers, vinyl plank flooring, nine-foot ceilings, stainless steel appliances and front load washer/dryers.
New York Life Real Estate Investors secured the financing. Chris Caison with Newmark placed the debt on this transaction.
For comments, questions or concerns, please contact Lisa Brown
- ◦Financing




