Liberty National Corp. has acquired a .69-acre land site in Downtown San Diego from the Salvation Army. The land site is part of a larger assemblage of sites totaling 1.38 acres. The investor plans to develop 640-unit mixed-use complex, located in the East Village neighborhood.
The project will feature a 40-story, 400-foot tall high-rise residential tower with two mid-rise buildings of six and seven stories. The 640-unit residential component will include mostly one-bedroom units along with a limited number of two-bedroom and three-bedroom units. There will also be 16,485 square feet of new multi-tenant commercial/retail space spread on the ground floor.
A Cushman & Wakefield sales team including Tim Winslow, Jason Kimmel and Kevin Nolen, who specialize in multifamily and land sales in the San Diego region, handled the transaction.
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