Developer CEDARst Companies has announced plans to break ground on a new residential project in San Diego’s North Park and Hillcrest neighborhoods. The project will cost $74.4 million. Bridge Investment Group will serve as the equity partner on the project, and BMO Harris Bank will provide debt.  

Located at 4135 Park Blvd. in an Opportunity Zone, the seven-story, 205,000-square-foot project will deliver 190 units to the San Diego market. The property, part of CEDARst’s brand of “high-quality and fairly priced apartments, will feature café, fitness center, spacious lounge, game room, and exterior deck with a pool, hot tub, cabanas, and communal kitchen. 

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