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Mill Creek Proposes Eight-Story Apartment Building in Oceanside
MCRT Investments LLC, the Mill Creek Residential Trust, has filed an application with the City Planning Division, to build an eight-story, mixed-use development in Oceanside, CA. The project would feature 362 apartments and 62 hotel rooms on a 1.7-acre site on the North Coast Highway, between Interstate 5 and the Pacific Ocean.
According to the San Diego Union-Tribune, the proposal is called Modera Neptune, and would include 35 city-mandated affordable units. At eight stories, the building would also be one of the tallest in Oceanside and include a three-level underground parking garage.
Like many cities in California, Oceanside residents are grappling with the state’s mandate for apartment construction due to the housing shortage. Similar high-density developments have been widely opposed across San Diego County, but the projects are slowly gaining momentum. MCRT Investments has recently built Modera San Diego. (pictured), a seven-story, 368-unit apartment complex near Petco Park in downtown San Diego.
Image courtesy of Mill Creek Residential
- ◦Development
