Ignite San Diego

Ignite San Diego

Local business spotlight

Apartment Developer Buys Allied Gardens Site for $26.3 Million

The plan is to develop a 444-unit apartment complex at the site on Mission Gorge Road

By SDBJ Staff
|  Tuesday, Oct 8, 2013  |  Updated 1:20 PM PDT
View Comments (
)
|
Email
|
Print
Apartment Developer Buys Allied Gardens Site for $26.3 Million

Getty Images

Stock image.

advertisement

Archrock Development Group LLC of Orange County, Calif., has purchased a 10.2-acre site in San Diego for approximately $26.3 million, with plans to develop a 444-unit apartment complex.

The sellers were Equity Residential of Chicago and New York-based BlackRock Inc., according to brokerage services company Cushman & Wakefield, which represented the sellers.

The property is at 6850 Mission Gorge Road, in San Diego’s Allied Gardens neighborhood. The site is fully entitled and permit-ready for a multifamily development slated to include six themed common courtyards, a pool and fitness facility.
 

 

The Business Journal is the premier business publication in San Diego. Every day online and each Monday in print, the Business Journal reports on how local business operate and why businesses leaders make the decisions they do. Every story is a dose of insight into how to run a better, more efficient, more profitable business.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out