SAN DIEGO MULTIFAMILY CONSTRUCTION PIPELINE Q2 2019 › data.abimultifamily.com › 1082 ›...
Transcript of SAN DIEGO MULTIFAMILY CONSTRUCTION PIPELINE Q2 2019 › data.abimultifamily.com › 1082 ›...
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1San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com
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S A N D I E G O M U L T I F A M I L Y C O N S T R U C T I O N P I P E L I N EQ 2 2 0 1 9
V i s i t o u r i n t e r a c t i v e c o n s t r u c t i o n p i p e l i n e a t : a b i m f . c o m / r e p o r t / s a n d i e g o - c o n s t r u c t i o n - p i p e l i n e
PATRICK J. DOYLE, CCIM PARTNER
CA DRE Broker
[email protected]#01162107
ERIC TURNERSR VICE PRESIDENT
CA DRE Broker
[email protected]#01387179
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2San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 2
T O T A L U N I T I N V E N T O R Y
5 + U N I T P R O P E R T I E S : 2 7 9 , 6 1 5
5 0 + U N I T P R O P E R T I E S : 1 8 4 , 3 6 0
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50+ UNIT PROPERTIES | Q2 2019 TRANSACTIONS BY YEAR BUILTAvg
Price/UnitAvg
Price/SF# of
Transactions
2010+ $398K $477 1
2000-09 - - - - - -
1990-99 - - - - - -
1980-89 $225K $323 2
Pre-1980 $231K $299 1
5-49 UNIT PROPERTIES | Q2 2019 TRANSACTIONS BY YEAR BUILT
Avg Price/Unit
Avg Price/SF
# of Transactions
2010+ $346K $314 3
2000-09 $262K $307 2
1990-99 $219K $278 1
1980-89 $231K $302 19
Pre-1980 $272K $355 55
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3San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 3
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SAN DIEGO MSA CONSTRUCTION PIPELINE
SNAPSTATQ2 2019
Under Construction
Recently Completed
Planned
View our interactive construction pipeline map at:abimf.com/report/sandiego-construction-pipeline
https://abimf.com/report/sandiego-construction-pipeline
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4San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 4
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T O T A L U N I T I N V E N T O R Y
P E R S U B M A R K E T5 0 + U n i t P r o p e r t i e s
M E T R O S A N D I E G O90 ,558
S O U T H B AY29 ,179
E A S T C O U N T Y25 ,032
N O R T H C O U N T Y C O A S TA L17 ,730
N O R T H C O U N T Y I N L A N D29 ,924
RECENTLY COMPLETED (BY # OF UNITS – Q2 ONLY) *
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309
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North County Inland
North County Coastal
East County
South Bay
Metro San Diego
UNDER CONSTRUCTION (BY # OF UNITS)
292
601
97
599
5,874
North County Inland
North County Coastal
East County
South Bay
Metro San Diego
PLANNED (BY # OF UNITS)
1,097
773
588
757
3,202
North County Inland
North County Coastal
East County
South Bay
Metro San Diego
* Project Units Delivered. Based on when total projects are delivered, not as individual buildings/units are delivered
PER SUBMARKET ANALYSIS OF SAN DIEGO MSA
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5San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 5
Recently Completed(Q2 2019)
Total # of Units: 309
Total # of Properties: 1
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1. Alexan Millenia | 309 Units
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6San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 6
R E C E N T L Y C O M P L E T E D ( 5 0 + U N I T P R O P E R T I E S )
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Address Units Completion Date Developer
1 Alexan Millenia 1660 Metro Avenue 309 5/30/2019 Trammell Crow Residential
RECENTLY COMPLETED (Q2 ONLY) 309
2019 COMPLETED (YTD) 904
Property Name
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Property NameAddressUnitsCompletion DateDeveloper
1Alexan Millenia1660 Metro Avenue3095/30/19Trammell Crow Residential
RECENTLY COMPLETED (Q2 ONLY)309
2019 COMPLETED (YTD)904
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7San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 7
Under ConstructionTotal # of Units: 8,770
Total # of Properties: 44
S A N D I E G O M U L T I F A M I L Y C O N S T R U C T I O N P I P E L I N EQ 2 2 0 1 9©
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8San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 8
U N D E R C O N S T R U C T I O N ( 5 0 + U N I T P R O P E R T I E S )
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Address Units Permit Date Developer
1 National City 715 South V Avenue 50 6/12/2018 Bin Chen, Wei
2 Salt 371 North Cleveland Street 52 8/1/2018 Brooks Street
3 Alpha Lofts 3808 El Cajon Blvd 53 4/1/2018 Chelsea Investment
4 Veterans Village 1540 South Escondido Blvd 54 6/30/2017 Veterans Village of San Diego
5 Schmale Family Senior 430 16th Street 62 9/4/2018 Chelsea Investment
6 Encanto Village 6317 Imperial Avenue 66 7/1/2018 National Community Renaissance
7 Block C Phase II 250 North City Drive 66 9/14/2018 Sea Breeze Properties
8 Villa Encantada 505 62nd Street 67 2/23/2017 AMCAL Multi-Housing
9 Cornerstone Place 230 South Sunshine Avenue 70 12/27/2017 Domus Development
10 915 Grape 915 West Grape Street 70 3/24/2019 Ibex Limited
11 New Palace Hotel Redevelopment 1814 5th Avenue 80 6/30/2017 Housing Development Partners
12 Bluewater 6121 Fairmount Avenue 80 3/1/2018 Affirmed Housing Group
13 Stella, The 4304 Twain Avenue 80 3/1/2018 Affirmed Housing Group
14 Zephyr 4380 Alvarado Canyon Road 84 12/4/2017 Affirmed Housing Group
15 Breeze Hill 631 South Melrose Drive 88 5/5/2018 Pathfinder Partners
16 Paradise Creek Phase II 2120 Hoover Avenue 92 1/1/2017 Community HousingWorks
17 F11 1110 F Street 99 6/1/2016 Richman Group of Companies, The
18 Valentina by Alta 1919 Pacific Hwy 110 6/1/2017 Wood Partners
19 Anden 152 North Twin Oaks Valley Road 118 6/1/2018 ColRich Multifamily
20 Sereno 930 3rd Avenue 120 3/31/2017 AAA Management
Property Name
Sheet1
Property NameAddressUnitsPermit DateDeveloper
1National City715 South V Avenue506/12/18Bin Chen, Wei
2Salt371 North Cleveland Street528/1/18Brooks Street
3Alpha Lofts3808 El Cajon Blvd534/1/18Chelsea Investment
4Veterans Village1540 South Escondido Blvd546/30/17Veterans Village of San Diego
5Schmale Family Senior430 16th Street629/4/18Chelsea Investment
6Encanto Village6317 Imperial Avenue667/1/18National Community Renaissance
7Block C Phase II250 North City Drive669/14/18Sea Breeze Properties
8Villa Encantada505 62nd Street672/23/17AMCAL Multi-Housing
9Cornerstone Place230 South Sunshine Avenue7012/27/17Domus Development
10915 Grape915 West Grape Street703/24/19Ibex Limited
11New Palace Hotel Redevelopment1814 5th Avenue806/30/17Housing Development Partners
12Bluewater6121 Fairmount Avenue803/1/18Affirmed Housing Group
13Stella, The4304 Twain Avenue803/1/18Affirmed Housing Group
14Zephyr4380 Alvarado Canyon Road8412/4/17Affirmed Housing Group
15Breeze Hill631 South Melrose Drive885/5/18Pathfinder Partners
16Paradise Creek Phase II2120 Hoover Avenue921/1/17Community HousingWorks
17F111110 F Street996/1/16Richman Group of Companies, The
18Valentina by Alta1919 Pacific Hwy1106/1/17Wood Partners
19Anden152 North Twin Oaks Valley Road1186/1/18ColRich Multifamily
20Sereno930 3rd Avenue1203/31/17AAA Management
211919 Pacific Hwy1919 Pacific Hwy, San Diego, CA 921011106/1/17Wood Partners
22Pierside SouthNorth Cleveland Street & Mission Avenue, Oceanside, CA 920541104/1/17GF Properties Group
23Lux UTC4200 Brooke Court, San Diego, CA 9212211512/1/15Garden Communities
2413th & CC Street & 13th Street, San Diego, CA 921011175/1/16Willmark Communities
25Broadstone North Park4220 Arizona Street, San Diego, CA 921041182/1/17Alliance Residential Company
26Sereno930 3rd Avenue, Chula Vista, CA 919111192/17/16AAA/Xpera
27Urbana393 H Street, Chula Vista, CA 919101356/20/18MountainWest Real Estate
28BLVD, The2030 El Cajon Blvd, San Diego, CA 921041653/1/17H.G. Fenton Company
294th & J372 4th Avenue, San Diego, CA 921011682/10/18Legacy Partners/Resmark
30Jefferson Pacific Beach4275 Mission Bay Drive, San Diego, CA 9210917210/1/17JPI
31Luma520 West Ash Street, San Diego, CA 9210122011/1/16Lennar Multifamily Communities
32K1 Mixed-Use330 13th Street, San Diego, CA 921262264/10/17Richman Group of Companies, The
33625 Broadway625 Broadway, San Diego, CA 9210123210/1/17Hammer Development
34Vive on the Park Phase II4855 Ariva Way, San Diego, CA 9212324812/1/16Sunroad Enterprises
35Sola13385 Highlands Place, San Diego, CA 921302527/1/16Wermers Properties/R & V Management
36Alexan EsplanadeSolstice Avenue & Strata Street, Chula Vista, CA 919152533/1/18Trammell Crow Residential
37Montecito @ Carlsbad2510 West Ranch Street, Carlsbad, CA 9201026311/1/16Shapell Investments
38Broadstone Makers QuarterSWC 16th Street & Broadway, San Diego, CA 921012654/11/16Alliance Residential Company
39Marisol3251 Marisol Place, Carlsbad, CA 920102785/1/17Lennar Multifamily Communities
40Westfield UTC8650 Genesee Avenue, San Diego, CA 9212230010/1/17Westfield Corporation
41Siena and Stylus @ CivitaCivita Blvd & Via Alta, San Diego, CA 921083064/18/18Sudberry/Chelsea Investment
42Alexan Millenia1660 Metro Avenue, Chula Vista, CA 919153098/22/16Trammell Crow Residential
43Park Blvd & Market StreetMarket Street & Park Blvd, San Diego, CA 9210142612/1/17Holland Partners/Civic San Diego
44PurlCivita Blvd & Russell Pkwy, San Diego, CA 921084344/1/18Sudberry Properties
45Pinnacle on the Park Phase II424 15th Street, San Diego, CA 921014727/1/16Pinnacle International
46One Paseo3275 Del Mar Heights Road, San Diego, CA 921306087/12/18Kilroy Realty
47Park 12 - The Collection202 Park Blvd, San Diego, CA 921017181/1/16Greystar/JMI Realty
48
49
50
51
52
53
54
55
56
57
58
59
60
61
TOTAL (UNDER CONSTRUCTION)8,700
TOTAL8,700
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9San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 9
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U N D E R C O N S T R U C T I O N ( 5 0 + U N I T P R O P E R T I E S )
Address Units Permit Date Developer
21 Escondido Gateway Grand 700 West Grand Avenue 126 11/1/2018 Integral Communities
22 StreetLights at Vista 100 Main Street 126 3/29/2019 StreetLights Residential
23 Urbana 393 H Street 135 6/20/2018 MountainWest Real Estate
24 Paseo La Paz 160 West Seaward Avenue 137 10/31/2018 Chelsea Investment
25 Strauss Fifth Avenue 3534 5th Avenue 141 3/1/2018 Strat Property
26 BLVD North Park 2020 El Cajon Blvd 165 3/1/2017 H.G. Fenton Company
27 4th + J 372 4th Avenue 168 2/10/2018 Legacy Partners
28 Jefferson Pacific Beach 4275 Mission Bay Drive 172 10/1/2017 JPI
29 K1 330 13th Street 226 9/1/2017 Richman Group of Companies, The
30 625 Broadway 625 Broadway 232 10/1/2017 Hammer Development
31 Vive on the Park Phase II 8725 Ariva Court 248 12/1/2016 Sunroad Enterprises
32 Alexan Rivue Solstice Avenue & Strata Street 253 3/1/2018 Trammell Crow Residential
33 Montecito Apartments at Carlsbad 2510 West Ranch Street 263 11/1/2016 Shapell Investments
34 Escaya SWC Heritage Road & Paseo Cultura 273 11/18/2018 Homefed Corporation
35 Marisol 3251 Marisol Place 278 5/1/2017 Lennar Multifamily Communities
36 Palisade at Westfield UTC 8800 Lombard Place 300 10/1/2017 Westfield
37 Stylus and Siena Civita Blvd & Via Alta 306 9/26/2018 Chelsea Investment
38 Hanover Mission Valley 6161 Fairmount Avenue 385 2/1/2018 Hanover Company, The
39 Park & Market Market Street & Park Blvd 426 12/1/2017 Holland Partners
40 Purl Civita Blvd & Russell Pkwy 434 4/1/2018 Sudberry Properties
Property Name
Sheet1
Property NameAddressUnitsPermit DateDeveloper
1Promenade at Creekside Phase II5 Creekside Place, San Marcos, CA 92078509/1/17Opportune Companies
2Vista Del Puente1510 South 40th Street, San Diego, CA 921135212/31/17National Community Renaissance
3Lofts at Normal Heights, The3808 El Cajon Blvd, San Diego, CA 92105534/1/18Chelsea Investment
4Outpost13247 Poway Road, Poway, CA 92064539/5/18Capexco
5Veterans Village1556 South Escondido Blvd, Escondido, CA 92025546/30/17Chelsea Investment
6Mission Cove Family Phase II3200 Mission Avenue, Oceanside, CA 920586010/1/16National Community Renaissance
7Schmale Family Senior430 16th Street, Ramona, CA 92065629/4/18Chelsea Investment
8Encanto Village6317 Imperial Avenue, San Diego, CA 92114667/1/18National Community Renaissance
9Villa Encantada505 62nd Street, San Diego, CA 92114672/23/17AMCAL Multi-Housing
10915 Grape915 West Grape Street, San Diego, CA 921017012/1/17Ibex Limited
11Cornerstone Place230 South Sunshine Avenue, El Cajon, CA 920207012/27/17Domus Development
12Bluewater6121 Fairmount Avenue, San Diego, CA 92120803/1/18Affirmed Housing Group
13Stella4304 Twain Avenue, San Diego, CA 92120803/1/18Affirmed Housing Group
14New Palace Hotel Redevelopment1814 5th Avenue, San Diego, CA 92101806/30/17Housing Development Partners
15Driftwood3239 Kemper Street, San Diego, CA 92110813/1/17Veritas Urban Properties
16Zephry4370 Alvarado Canyon, San Diego, CA 921208412/4/17Affirmed Housing Group
17Paradise Creek Phase II2120 Hoover Avenue, National City, CA 91950921/1/17Community HousingWorks
18Vici550 West Date Street, San Diego, CA 92101984/1/16H.G. Fenton Company
19F11812 Park Blvd, San Diego, CA 92101996/1/16Richman Group of Companies, The
20Portola Senior Living @ Robertson Ranch2600 Gage Drive, Carlsbad, CA 9201010110/31/17Shapell Investments
21Escondido Gateway Grand700 West Grand Avenue12611/1/18Integral Communities
22StreetLights at Vista100 Main Street1263/29/19StreetLights Residential
23Urbana393 H Street1356/20/18MountainWest Real Estate
24Paseo La Paz160 West Seaward Avenue13710/31/18Chelsea Investment
25Strauss Fifth Avenue3534 5th Avenue1413/1/18Strat Property
26BLVD North Park2020 El Cajon Blvd1653/1/17H.G. Fenton Company
274th + J372 4th Avenue1682/10/18Legacy Partners
28Jefferson Pacific Beach4275 Mission Bay Drive17210/1/17JPI
29K1330 13th Street2269/1/17Richman Group of Companies, The
30625 Broadway625 Broadway23210/1/17Hammer Development
31Vive on the Park Phase II8725 Ariva Court24812/1/16Sunroad Enterprises
32Alexan RivueSolstice Avenue & Strata Street2533/1/18Trammell Crow Residential
33Montecito Apartments at Carlsbad2510 West Ranch Street26311/1/16Shapell Investments
34EscayaSWC Heritage Road & Paseo Cultura27311/18/18Homefed Corporation
35Marisol3251 Marisol Place2785/1/17Lennar Multifamily Communities
36Palisade at Westfield UTC8800 Lombard Place30010/1/17Westfield
37Stylus and SienaCivita Blvd & Via Alta3069/26/18Chelsea Investment
38Hanover Mission Valley6161 Fairmount Avenue3852/1/18Hanover Company, The
39Park & MarketMarket Street & Park Blvd42612/1/17Holland Partners
40PurlCivita Blvd & Russell Pkwy4344/1/18Sudberry Properties
41Siena and Stylus @ CivitaCivita Blvd & Via Alta, San Diego, CA 921083064/18/18Sudberry/Chelsea Investment
42Alexan Millenia1660 Metro Avenue, Chula Vista, CA 919153098/22/16Trammell Crow Residential
43Park Blvd & Market StreetMarket Street & Park Blvd, San Diego, CA 9210142612/1/17Holland Partners/Civic San Diego
44PurlCivita Blvd & Russell Pkwy, San Diego, CA 921084344/1/18Sudberry Properties
45Pinnacle on the Park Phase II424 15th Street, San Diego, CA 921014727/1/16Pinnacle International
46One Paseo3275 Del Mar Heights Road, San Diego, CA 921306087/12/18Kilroy Realty
47Park 12 - The Collection202 Park Blvd, San Diego, CA 921017181/1/16Greystar/JMI Realty
48
49
50
51
52
53
54
55
56
57
58
59
60
61
TOTAL (UNDER CONSTRUCTION)9,519
TOTAL9,519
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10San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 10
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U N D E R C O N S T R U C T I O N ( 5 0 + U N I T P R O P E R T I E S )
Address Units Permit Date Developer
41 Pinnacle on the Park Phase II 424 15th Street 472 7/1/2016 Pinnacle International
42 One Paseo Living 3200 Paseo Village Way 608 7/12/2018 Kilroy Realty
43 Block, The 710 Broadway 617 11/30/2018 Bosa Development
44 Park 12 - the Collection 100 Park Plaza 718 1/1/2016 Greystar
TOTAL (UNDER CONSTRUCTION) 8,770
Property Name
Sheet1
Property NameAddressUnitsPermit DateDeveloper
1Promenade at Creekside Phase II5 Creekside Place, San Marcos, CA 92078509/1/17Opportune Companies
2Vista Del Puente1510 South 40th Street, San Diego, CA 921135212/31/17National Community Renaissance
3Lofts at Normal Heights, The3808 El Cajon Blvd, San Diego, CA 92105534/1/18Chelsea Investment
4Outpost13247 Poway Road, Poway, CA 92064539/5/18Capexco
5Veterans Village1556 South Escondido Blvd, Escondido, CA 92025546/30/17Chelsea Investment
6Mission Cove Family Phase II3200 Mission Avenue, Oceanside, CA 920586010/1/16National Community Renaissance
7Schmale Family Senior430 16th Street, Ramona, CA 92065629/4/18Chelsea Investment
8Encanto Village6317 Imperial Avenue, San Diego, CA 92114667/1/18National Community Renaissance
9Villa Encantada505 62nd Street, San Diego, CA 92114672/23/17AMCAL Multi-Housing
10915 Grape915 West Grape Street, San Diego, CA 921017012/1/17Ibex Limited
11Cornerstone Place230 South Sunshine Avenue, El Cajon, CA 920207012/27/17Domus Development
12Bluewater6121 Fairmount Avenue, San Diego, CA 92120803/1/18Affirmed Housing Group
13Stella4304 Twain Avenue, San Diego, CA 92120803/1/18Affirmed Housing Group
14New Palace Hotel Redevelopment1814 5th Avenue, San Diego, CA 92101806/30/17Housing Development Partners
15Driftwood3239 Kemper Street, San Diego, CA 92110813/1/17Veritas Urban Properties
16Zephry4370 Alvarado Canyon, San Diego, CA 921208412/4/17Affirmed Housing Group
17Paradise Creek Phase II2120 Hoover Avenue, National City, CA 91950921/1/17Community HousingWorks
18Vici550 West Date Street, San Diego, CA 92101984/1/16H.G. Fenton Company
19F11812 Park Blvd, San Diego, CA 92101996/1/16Richman Group of Companies, The
20Portola Senior Living @ Robertson Ranch2600 Gage Drive, Carlsbad, CA 9201010110/31/17Shapell Investments
211919 Pacific Hwy1919 Pacific Hwy, San Diego, CA 921011106/1/17Wood Partners
22Pierside SouthNorth Cleveland Street & Mission Avenue, Oceanside, CA 920541104/1/17GF Properties Group
23Lux UTC4200 Brooke Court, San Diego, CA 9212211512/1/15Garden Communities
2413th & CC Street & 13th Street, San Diego, CA 921011175/1/16Willmark Communities
25Broadstone North Park4220 Arizona Street, San Diego, CA 921041182/1/17Alliance Residential Company
26Sereno930 3rd Avenue, Chula Vista, CA 919111192/17/16AAA/Xpera
27Urbana393 H Street, Chula Vista, CA 919101356/20/18MountainWest Real Estate
28BLVD, The2030 El Cajon Blvd, San Diego, CA 921041653/1/17H.G. Fenton Company
294th & J372 4th Avenue, San Diego, CA 921011682/10/18Legacy Partners/Resmark
30Jefferson Pacific Beach4275 Mission Bay Drive, San Diego, CA 9210917210/1/17JPI
31Luma520 West Ash Street, San Diego, CA 9210122011/1/16Lennar Multifamily Communities
32K1 Mixed-Use330 13th Street, San Diego, CA 921262264/10/17Richman Group of Companies, The
33625 Broadway625 Broadway, San Diego, CA 9210123210/1/17Hammer Development
34Vive on the Park Phase II4855 Ariva Way, San Diego, CA 9212324812/1/16Sunroad Enterprises
35Sola13385 Highlands Place, San Diego, CA 921302527/1/16Wermers Properties/R & V Management
36Alexan EsplanadeSolstice Avenue & Strata Street, Chula Vista, CA 919152533/1/18Trammell Crow Residential
37Montecito @ Carlsbad2510 West Ranch Street, Carlsbad, CA 9201026311/1/16Shapell Investments
38Broadstone Makers QuarterSWC 16th Street & Broadway, San Diego, CA 921012654/11/16Alliance Residential Company
39Marisol3251 Marisol Place, Carlsbad, CA 920102785/1/17Lennar Multifamily Communities
40Westfield UTC8650 Genesee Avenue, San Diego, CA 9212230010/1/17Westfield Corporation
41Pinnacle on the Park Phase II424 15th Street4727/1/16Pinnacle International
42One Paseo Living3200 Paseo Village Way6087/12/18Kilroy Realty
43Block, The710 Broadway61711/30/18Bosa Development
44Park 12 - the Collection100 Park Plaza7181/1/16Greystar
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TOTAL (UNDER CONSTRUCTION)8,770
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11San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 11
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PLANNED(50+ UNIT PROPERT IES)
PlannedTotal # of Units: 8,085
Total # of Properties: 39
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12San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 12
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P L A N N E D ( 5 0 + U N I T P R O P E R T I E S )
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Address Units Status Developer
1 San Ysidro Senior Village 517 West San Ysidro Blvd 50 Planned National Community Renaissance
2 Outpost 13247 Poway Road 53 Planned Capexco
3 Park Blvd 3922 Park Blvd 58 Planned DiversyFund
4 University Avenue Manor 5556 University Avenue 63 Planned USS Cal Builders
5 Palm Avenue Transitional Housing 1788 Palm Avenue 70 Planned City of San Diego
6 Keeler Court 1290 Keeler Court 71 Planned Community HousingWorks
7 Front Street & West Beech Street SEC West Beech Street & Front Street 78 Planned Affirmed Housing Group
8 Grove, The 815 Civic Center Drive 81 Planned Wakeland Housing & Development
9 University City Village Phase III Governor Drive & Gullstrand Street 81 Planned Willmark Communities
10 Villa Serena Redevelopment 340 Marcos Street 85 Planned National Community Renaissance
11 Link, The 707 17th Street 88 Planned Affirmed Housing Group
12 Belvedere, The 901 Mission Avenue 90 Planned Amidi Real Estate Group
13 Taylor Street Old Taylor Street & East Vista Way 90 Planned Advanced Builders Properties
14 Hollywood Palms Phase II 4372 Home Avenue 93 Planned Affirmed Housing Group
15 Cannon Road Senior SEC Cannon Road & Wind Trail Way 98 Planned Brookfield Residential
16 Carlsbad Village Lofts 1044 Carlsbad Village Drive 106 Planned Wermers Properties
17 El Dorado Redevelopment 331 Richmar Avenue 120 Planned Orange Housing Development
18 Camden Hillcrest 4311 Third Avenue 125 Planned Camden Property Trust
19 Columbia & Hawthorn Columbia Street & Hawthorn Street 125 Planned Willmark Communities
20 Montezuma 6213 Montezuma Road 128 Planned Prime Place
Property Name
Sheet1
Property NameAddressUnitsStatusDeveloper
1San Ysidro Senior Village517 West San Ysidro Blvd50PlannedNational Community Renaissance
2Outpost13247 Poway Road53PlannedCapexco
3Park Blvd3922 Park Blvd58PlannedDiversyFund
4University Avenue Manor5556 University Avenue63PlannedUSS Cal Builders
5Palm Avenue Transitional Housing1788 Palm Avenue70PlannedCity of San Diego
6Keeler Court1290 Keeler Court71PlannedCommunity HousingWorks
7Front Street & West Beech StreetSEC West Beech Street & Front Street78PlannedAffirmed Housing Group
8Grove, The815 Civic Center Drive81PlannedWakeland Housing & Development
9University City Village Phase IIIGovernor Drive & Gullstrand Street81PlannedWillmark Communities
10Villa Serena Redevelopment340 Marcos Street85PlannedNational Community Renaissance
11Link, The707 17th Street88PlannedAffirmed Housing Group
12Belvedere, The901 Mission Avenue90PlannedAmidi Real Estate Group
13Taylor StreetOld Taylor Street & East Vista Way90PlannedAdvanced Builders Properties
14Hollywood Palms Phase II4372 Home Avenue93PlannedAffirmed Housing Group
15Cannon Road SeniorSEC Cannon Road & Wind Trail Way98PlannedBrookfield Residential
16Carlsbad Village Lofts1044 Carlsbad Village Drive106PlannedWermers Properties
17El Dorado Redevelopment331 Richmar Avenue120PlannedOrange Housing Development
18Camden Hillcrest4311 Third Avenue125PlannedCamden Property Trust
19Columbia & HawthornColumbia Street & Hawthorn Street125PlannedWillmark Communities
20Montezuma6213 Montezuma Road128PlannedPrime Place
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13San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 13
S A N D I E G O M U L T I F A M I L Y C O N S T R U C T I O N P I P E L I N EQ 2 2 0 1 9
P L A N N E D ( 5 0 + U N I T P R O P E R T I E S )
©
Address Units Status Developer
21 Little Flower 8585 La Mesa Blvd 130 Planned Silvergate Development
22 Citiplace 110 West Ash Street 147 Planned Essex Property Trust
23 7th & Market 701 Market Street 159 Planned Cisterra Development
24 Copper Hills Mixed-Use Fallsview Road & San Elijo Road 189 Planned Stephen A Bieri Co
25 Scripps Ranch Scripps Poway Pkwy & Spring Canyon Road 264 Planned Monarch Group, The
26 Courtyards Pacific Village, The 10955 Carmel Mountain Road 276 Planned Lennar Multifamily Communities
27 Pacific Heights 11th Avenue & B Street 279 Planned Pinnacle International
28 Alexan Fashion Valley 123 Camino De La Reina 284 Planned Trammell Crow Residential
29 StreetLights Makers Quarter SWC 16th Street & F Street 295 Planned StreetLights Residential
30 Santa Venetia Street 1627 Santa Venetia Street 297 Planned Baldwin & Sons
31 Persea 1333 North Santa Fe Avenue 305 Planned Orion Pacific
32 Heights at Fashion Valley, The 6950 Friars Road 319 Planned Fairfield Residential
33 Union & Ash 232 West Ash Street 395 Planned Trammell Crow Residential
34 220 Broadway 220 West Broadway 431 Planned Holland Partners
35 Sunroad Centrum SEC Kearny Villa Road & Lightwave Avenue 442 Planned Sunroad Enterprises
36 14th Street & Commercial Street 14th Street & Commercial Street 444 Planned Father Joe's Villages
37 Lux UTC Phase II 4200 Brooke Court 445 Planned Garden Communities
38 Park and Broadway 13th Street & C Street 613 Planned Willmark Communities
39 11th & Broadway SEC 11th Avenue & Broadway 618 Planned Pinnacle International
TOTAL (PLANNED) 8,085
Property Name
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Property NameAddressUnitsStatusDeveloper
21Little Flower8585 La Mesa Blvd130PlannedSilvergate Development
22Citiplace110 West Ash Street147PlannedEssex Property Trust
237th & Market701 Market Street159PlannedCisterra Development
24Copper Hills Mixed-UseFallsview Road & San Elijo Road189PlannedStephen A Bieri Co
25Scripps RanchScripps Poway Pkwy & Spring Canyon Road264PlannedMonarch Group, The
26Courtyards Pacific Village, The10955 Carmel Mountain Road276PlannedLennar Multifamily Communities
27Pacific Heights11th Avenue & B Street279PlannedPinnacle International
28Alexan Fashion Valley123 Camino De La Reina284PlannedTrammell Crow Residential
29StreetLights Makers QuarterSWC 16th Street & F Street295PlannedStreetLights Residential
30Santa Venetia Street1627 Santa Venetia Street297PlannedBaldwin & Sons
31Persea1333 North Santa Fe Avenue305PlannedOrion Pacific
32Heights at Fashion Valley, The6950 Friars Road319PlannedFairfield Residential
33Union & Ash232 West Ash Street395PlannedTrammell Crow Residential
34220 Broadway220 West Broadway431PlannedHolland Partners
35Sunroad CentrumSEC Kearny Villa Road & Lightwave Avenue442PlannedSunroad Enterprises
3614th Street & Commercial Street14th Street & Commercial Street444PlannedFather Joe's Villages
37Lux UTC Phase II4200 Brooke Court445PlannedGarden Communities
38Park and Broadway13th Street & C Street613PlannedWillmark Communities
3911th & BroadwaySEC 11th Avenue & Broadway618PlannedPinnacle International
TOTAL (PLANNED)8,085
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14San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com 14
1,594
2,947
2,437
2,990
4,196
1,291
3,951
1,426
2,2892,132
2,440
1,811
1,352
2,631
944
2,454
3,125
3,539
4,744
3,578
904*
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
S A N D I E G O M U L T I F A M I L Y C O N S T R U C T I O N P I P E L I N EQ 2 2 0 1 9©
20 Year Average: 2,269
T O T A L U N I T I N V E N T O R Y
5 + U N I T P R O P E R T I E S : 2 7 9 , 6 1 5
5 0 + U N I T P R O P E R T I E S : 1 8 4 , 3 6 0
P R E - L E A S E A B S O R P T I O N R A T E
18U n i t s / P r o p e r t y / M o n t h ( Q 2 A v g )
* Project Units Delivered (YTD)Based on when total projectsare delivered, not as individualbuildings/units are delivered
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15San Diego Office: 1012 2nd Street, Suite 100, Encinitas, CA 92024 Tel: 858.256.7690 CA Lic #02015348ABIMultifamily.com
Leading Multifamily Brokerage Team in the Western US200 YEARS OF COMBINED MULTIFAMILY BROKERAGE EXPERIENCE
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Apartment Brokerage & Advisory FirmABI Multifamily is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions.
The experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions.
S A N D I E G O M U L T I F A M I L Y C O N S T R U C T I O N P I P E L I N EQ 2 2 0 1 9©
SAN DIEGO OFFICEPATRICK J. DOYLE, CCIMPARTNER
[email protected] CA DRE Broker #01162107
ERIC TURNERSENIOR VICE PRESIDENT
[email protected] CA DRE Broker #01387179
DISCLAIMER © 2019 ABI Multifamily | The information and details contained herein have been obtained from third-party sources believed to be reliable; however, ABI Multifamily has not independently verified its accuracy.ABI Multifamily makes no representations, guarantees, or express or implied warranties of any kind regarding the accuracy or completeness of the information and details provided herein, including but not limited to theimplied warranty of suitability and fitness for a particular purpose. Interested parties should perform their own due diligence regarding the accuracy of the information. SOURCES: ABI Research / Bureau of Labor Statistics /Census Bureau / YARDI Matrix / Vizzda / US Chamber of Commerce / RED Comps / ARMLS
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