In the wake of the pandemic, residential developments in Downtown San Diego were brought to a halt, causing a slowdown in the growth of the region. However, there is now good news on the horizon, as several multi-family housing projects are set to open within a few months of each other.
The complexes, which are located in the East Village, Little Italy, the Midway District, and other areas, will add around 1,500 new residences to the downtown region, providing a much-needed boost to the local economy.
According to the San Diego Union-Tribune, the new developments will play a crucial role in revitalizing the region’s economy, especially for small businesses that have been impacted by remote work schedules that keep workers away from downtown offices.
Betsy Brennan, CEO of the Downtown San Diego Partnership, highlighted the positive impact the new multi-family communities would have on local businesses, such as cafes and shops, which have been struggling during the pandemic.
The Bevel apartment complex, located on Barnett Avenue, is scheduled to open in 2023 and will feature 405 units, making it one of the largest residential projects in the downtown area. Simone, located near Little Italy, will also open in 2023 with 395 units, providing more options for those looking for a place to call home in the downtown region.
Other projects slated to open in 2023 include 800 Broadway in East Village, offering 384 units, Radian in East Village with 241 units, and Winslow in University Heights with 379 units.
The influx of new residential developments is a promising sign for the future of Downtown San Diego, with the city taking steps to attract new residents and businesses to the area.
The opening of these multi-family housing projects is sure to have a positive impact on the local economy, providing a boost to small businesses and helping to revitalize the downtown region.
Maurice is the Chief Inspector for U.S. Commercial Building Inspections of Southern California. He is a Certified Commercial Property Inspector (CCPI) and brings over 25 years of extensive experience in real estate, construction, restoration, remediation, and business development.
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