SAN DIEGO—Legacy Partners, a privately owned national real estate firm, is partnering with leading private equity firm The Resmark Companies to build 168 apartments in the highly-desirable Marina District of downtown San Diego. Located at 372 4th Avenue adjacent to San Diego Bay, the six-story residential building will be comprised of studio, one- and two-bedroom apartments, all with premium kitchens, finishes and appliances.

The 168-unit building will include 1,300 square feet of ground level retail 4th Avenue and J Street.

“This living space is smart, and designed specifically for progressive people seeking efficient, friendly space in the heart of the City,” said Tim O'Brien, senior managing director of Legacy's Southwest region.

“It's rare to find such a desirable setting in the Marina district, which enjoys a solid mix of condos, townhomes, and older apartment buildings,” said Ziv Cohen, president, Resmark Apartment Living.

The project's striking design by San Diego architects, Carrier Johnson+CULTUR3 includes a contemporary façade punctuated by glass garden terraces, indented balconies and floor to ceiling windows. Community amenities include a spacious clubhouse, two courtyards, a pool, spa, fire pits and outdoor seating. Two large decks atop the building offer 360-degree views spanning from downtown to the Pacific Ocean. An expansive glass box atop the northeast corner houses the fitness center with an attached loft, and creates a focal point on the skyline.

The building also will have 1,300 square feet of ground level retail at the southwest corner of 4th Avenue and J Street, as well as a secure garage entrance on 4th Avenue.

Construction on the Marina District project is expected to start in summer 2017 with first apartment occupancy projected for summer 2019.

This is the second multifamily joint venture development between Legacy Partners and Resmark Apartment Living. The first, The Hadley, is located in Mercer Island, WA.

Legacy Partners, a privately held real estate firm founded in 1968 and headquartered in the San Francisco Bay area, owns, develops and manages multifamily communities throughout the United States. Founded in 1995, Resmark is a fully integrated real estate investment group. The Resmark Companies' divisions—Resmark Land and Housing, Resmark Apartment Living and Resmark Impact Ventures—finance, acquire, develop and manage real estate in California, the Western United States, D.C./Mid-Atlantic region, and other select major metropolitan markets nationwide.

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The building also will have 1,300 square feet of ground level retail at the southwest corner of 4th Avenue and J Street, as well as a secure garage entrance on 4th Avenue.

Construction on the Marina District project is expected to start in summer 2017 with first apartment occupancy projected for summer 2019.

This is the second multifamily joint venture development between Legacy Partners and Resmark Apartment Living. The first, The Hadley, is located in Mercer Island, WA.

Instant Insights /

Legacy, Resmark Partner to Build Marina District Apartments

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