Cisterra Development and its partners have plans to develop the $145 million Radian, a planned 255,000-square-foot retail and residential high-rise tower in the Ballpark District of San Diego’s East Village neighborhood.
The joint venture received $96 million in construction financing.
Project partners include San Diego–based Carrier Johnston + CULTURE as building architect, Gensler for interior design and Swinerton as the general contractor. ACORE Capital provided construction financing, which CBRE procured, while Berkadia arranged a private family office as a joint-venture partner. The Koman Group and Wermers Properties are also joint-venture partners on the project.
The tower will feature 241 units, spanning up 16 stories, with a fitness center, dog park, outdoor theater, pool and other amenities. Target will lease the retail portion of the building, totaling 36,000 square feet, the first floor and lower level with five floors of parking.
The proje
