CedarSt Lands $80M for San Diego Multifamily Project
about 7 hours ago
CedarSt Companies secured $80 million in construction financing from CrossHarbor Capital Partners for The Samuel, a 197-unit Class A apartment development in San Diego's North Park neighborhood, California. The project includes studios, one-bedroom, and two-bedroom units with parking, and is part of CedarSt's larger six-project pipeline in the region totaling 1,514 units. Construction is set to begin in Q3 2024 with completion expected in late 2028. The development benefits from San Diego's Complete Communities program, supporting expedited approvals for residential projects near transit.