Lowe and LaSalle Investment Management have closed the $106 million sale of IDEA1, a 295-unit, award-winning, class A, mid-rise multi-housing community in the East Village neighborhood of downtown San Diego, to Fairfield.
Built in 2017 by Lowe, LaSalle and I.D.E.A. Partners, IDEA1 is the modern expression of the mixed-use real estate model, designed to complement and enhance the surrounding urban district. The mid-rise, six-story complex offers a mix of studios, one- and two-bedroom units with 12-foot ceilings, dual-pane vinyl windows, full-size washers and dryers, stainless steel appliances, quartz countertops and an average size of 739 square feet. Community amenities include a glass IDEA Box that serves as a business center, co-working space and conference room that can transform into a giant screen for movies and concerts in the courtyard, along with a rooftop clubroom, a sundeck with outdoor barbecues and firepits, a rooftop spa, a 24-hour fitness center, the HUB fle
