Largest Apartment Project Yet Opens in Downtown San Diego

Developer Greystar has delivered the largest apartment complex in Downtown San Diego. Located in the East Village neighborhood, Park 12 – The Collection is a $400 million luxury apartment community with two residential towers totaling 718 units. The property overlooks the San Diego Bay and Petco Park and features two pools with a sundeck and spa, underground gated parking, a clubhouse with kitchen, a resident lounge and multiple rooftop terraces.

“Our vision for Park 12 was a city of villages that would allow for a diversified resident profile of both millennials and baby boomers,” Jerry Brand, executive director of west coast development for Greystar, tells GlobeSt.com. “We also wanted to take full advantage of the project’s most unique attributes: its proximity to the water and amazing views of the ocean, city and Balboa Park. We put in floor-to-ceiling windows to maximize the view corridors in all directions. And, with 14 separate common areas, the project was designed to inspire our residents in an atmosphere that is both relaxing and activity-rich.”

The concept is certainly unique, but the size is also notable. However, Downtown San Diego is growing rapidly and there is increasing demand for apartment units. “San Diego has experienced an explosion in job creation with at least 30,000 jobs added each year,” says Brand. “And, given that San Diego is already an attraction for millennials and is home to three prominent universities, the city has a young, educated workforce that is ready to meet the demand of the growing market. Millennials, and the younger generations in general, choose to live downtown to enjoy all the available amenities and experience the nightlife activities in East Village.”