1122 G Street, San Diego, CA 92101
The Opportunity
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Berkadia Institutional Solutions is pleased to present 1122 G Street, an exceptional multifamily development opportunity located in the East Village neighborhood of downtown San Diego, California. The development site consists of ±0.45 acres and is strategically situated on G Street between Eleventh Avenue and Park Boulevard. The site is zoned CCPD-RE, Residential Emphasis, accommodating primarily residential development, and allows for up to a 20:1 FAR.
A recent architectural and yield study provided by JWDA suggests a 22-story, ±250-unit, Class A multifamily development concept. Investors and developers may purse a multitude of development programs based on the proposed affordable density bonus, and also various alternate uses.
1122 G Street is a prime location for multifamily development. The property is located on a major thoroughfare in the heart of a vibrant urban neighborhood. It is surrounded by a mix of restaurants, bars, shops, and entertainment, including the Gaslamp Quarter and Petco Park. Within walking distance of the site is approximately 2.6 million square feet of retail. The central location of the site provides convenient access to key amenities, public transportation, and major highways.
The economic environment in the area is favorable, with a booming population growth and over $7 billion being invested in commercial projects. This makes 1122 G Street a compelling development opportunity.
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1122
G STREET
1122 G Street
San Diego, CA 92101
ADDRESS
Land Sale
DEAL TYPE
SITE Summary
±0.45 acres
ACREAGE
±19,460 sq. ft.
LAND SF
535-133-14-00
PARCEL NUMBER
CCPD-RE (Residential Emphasis)
LOCATION
Min FAR = 3.5, Max FAR = 6.0, Max FAR with Bonuses = 20.0
FAR SUMMARY
LOCATION
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
Senior Director
Mike.Murphy@berkadia.com
714.318.3978
CA BRE#01241878
Mike Murphy
Associate Director
Kenji.Thomas@berkadia.com
310.209.3222
CA BRE #02168781
Kenji Thomas
Director
Chris.Tresp@berkadia.com
310.209.3208
CA BRE #01846401
Chris Tresp
Senior Managing Director
Rachel.Parsons@berkadia.com
858.945.0992
CA BRE #01335449
rachel parsons
Managing Director
Derrek.Ostrzyzek@berkadia.com
310.924.9348
CA BRE #01984295
DERREK OSTRZYZEK
INVESTMENT SALES
Senior Director
Benjamin.Harris@berkadia.com
310.209.3236
BENJAMIN HARRIS
Managing Director
Allan.Freedman@berkadia.com
310.209.3243
Allan Freedman
Associate Director
Nick.Provost@berkadia.com
310.209.3227
Nick Provost
MORTGAGE BANKING
3121 Michelson Drive, Suite 400
Irvine, CA 92612
IRVINE Office
CONTACT Info
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
3333 Michelson Drive, Suite 620
Irvine, CA 92612
IRVINE Office
INVESTMENT SALES
CONTACT Info
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Senior Managing Director
Rachel.Parsons@berkadia.com
858.945.0992
CA BRE #01335449
rachel parsons
Managing Director
Derrek.Ostrzyzek@berkadia.com
310.924.9348
CA BRE #01984295
DERREK OSTRZYZEK