April 19, 2024
A view of Third Avenue in Cortez Hill. Picture credit score: Google Road View

A San Diego-based residential developer has acquired property in Cortez Hill with plans to redevelop the positioning right into a residential tower.

Liberty Nationwide Company accomplished the acquisition final month. The parcels, masking nearly a half block, are alongside the northwest nook of third Avenue and Beech Road. 

The agency sought the property, officers stated in a information launch, because of its entry to many high points of interest, together with Balboa Park, Little Italy and San Diego Bay.

“This property was interesting for a lot of causes, together with easy accessibility to downtown facilities and a big alternative for revitalization and extra housing,” Mark Schmidt, founding father of Liberty Nationwide, stated.

The 22,484-square-foot property, at 1520 and 1532 third Ave., is also throughout the road from the historic St. Joseph Cathedral, based in 1874.

The developer plans to construct a high-rise, multi-family group, together with a number of reasonably priced houses. 

Liberty Nationwide focuses on web site acquisition, entitlements, design and improvement. The corporate, which chooses to retain most of the belongings in its portfolio after development, at present has properties in planning and improvement in a number of states. Different native websites embrace initiatives in East Village and Little Italy.