CEDARst Cos. and Bridge Investment Group announced plans to bring a new ground-up residential development to San Diego’s historic North Park and Hillcrest neighborhoods.
Bridge Investment Group is an equity partner in the 190-unit project.
“The project fits well within Bridge's mandate to focus on multi-family, transit-oriented developments as an avenue to revitalize underserved communities by investing in building sustainable neighborhoods,” said David Coelho, CIO of Bridge Investment Group’s opportunity zone funds.
4135 Park Blvd. is expected to break ground later this month and open its doors 24 months after construction begins. The 205,000-square-foot, $74.4 million project includes a seven-story midrise building that will offer a wide range of amenities, including a café, fitness center, spacious lounge, game room, and exterior deck with a pool, hot tub, cabanas, and communal kitchen.
4135 Park Blvd. is in a qualified-opportunity zone and i
