OCEANSIDE, CA-The $32-million Oceanside Terraces Condominiums project has been taken over by a new developer, as Oceanside Pier View LLC (a related entity of San Diego-based Janez Properties) has procured development rights from Southland Land Co. Both Oceanside’s city council and redevelopment agency have approved the transfer, according to Janez Properties’ managing director Ron Douglas.The proposed site of Oceanside Terraces Condominiums, currently known as Parcel B, is located at the intersection of Mission Avenue and Cleveland Street within the city’s Seaside Redevelopment District. “It’s a unique opportunity to be part of what we see as a considerable change happening along the shoreline of Oceanside,” Douglas says. He points out that a pending new hotel project and a timeshare development are also currently in the works for Downtown Oceanside. Construction of Oceanside Terraces Condominiums is expected to begin this fall, as Douglas explains. “We’re planning on submitting our full working drawings by Sept. 1 and then there’s the normal plan check review process that will take about 45 days,” he tells GlobeSt.com, adding that the groundbreaking will kick off somewhere within that 45-day period. Completion is slated to occur approximately 15 months after the developer breaks ground on the project. Construction services will be provided by San Diego-based Ledcor SD Construction Inc., part of the Ledcor Group of Cos. Design plans call for a six-story building that will house 38 condominium units on the top three floors. Unit sizes will range from 1,700 sf to 2,700 sf, with penthouses located on the top floor, Douglas says. Many of the units will have a view of the ocean, as the development is slated to rise just four blocks from the beach. Additional amenities will include two levels of subterranean parking, storage units on the second floor, and a podium level on the third floor that “will have extensive landscaping and areas for the residents to have barbecues or throw parties,” according to Douglas. A pricing range of roughly $700,000 to $1 million has currently been set, although Douglas says the developer probably “won’t get firmer on pricing until the spring of next year.” Aside from the 38 planned residential units, Oceanside Terraces Condominiums will also contain 23,000 sf of retail and office space. The office component will be located on the second floor, along with the storage units. Douglas surmises that the project’s office occupants will probably be tenants that do business with the City of Oceanside, given the development’s planned location just a couple of blocks away from City Hall. The first floor will house the retail space, which Douglas expects will be occupied by a sit-down restaurant, as well tenants providing smaller, ancillary services.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.