CEDARst to Break Ground on $74M Residential Project in San Diego

Located in an Opportunity Zone, the seven-story, 205,000-square-foot project will bring 190 units to the market.

By Kelsi Maree Borland | April 04, 2022 at 06:43 AM

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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