SAN DIEGO—Greystar has purchasedBallpark Village Parcel C2, a development sitethat is part of a larger master-planned development located indowntown San Diego. The site is slated for a 37-story, 446-unitmultifamily tower that will stand 400 feet.
The deal was announced Wednesday by JLL's CapitalMarkets experts on behalf of JMI andLennar. JLLnotes that a constrained development pipeline paired with strongjob growth has investors confident in San Diego's multifamilyprospects.
Executive vice president Darcy Miramontes,managing directors Lynn LaChapelle and BobPrendergast, and vice president Kip Malorepresented JMI and Lennar in the transaction.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
