North Park Office Bought for Residential Conversion

This former AT&T admin office building at 4220 Arizona St is about to transform into something more livable. Alliance Residential just bought the 49,500 SF building in North Park for more than $7M from Community HousingWorks with plans to transform it into a 118-unit apartment complex. CBRE's Jim Neil, Eric Comer and Merrick Matricardi brokered the deal.

Is this what it will look like? We're not sure, as this is a rendering forwarded by CBRE in marketing materials for the project. But Community HousingWorks, which entitled the site, will keep a portion of the 1.21-acre site to develop a 76-unit affordable senior housing project that will be designed in partnership with the San Diego LGBT Community Center for LGBT seniors. 

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Diego Newsletters
Related Stories

With Occupancy Brimming, Investors Pile Into Bay Area Apartments

FBI Drops Investigation Into Financially Troubled StoryBuilt

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Dublin BTR Had A €1B Summer

Sales Of Lower-End Apartments Surge In Philly As Landlords Face Financial Issues

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects

Developer Seeks Permit For Denver Energy Center Conversion Project

Airbnb Launches $250M Fund To Invest In Affordable Housing

DFW Multifamily Distress Creates Opening For Investors As Development Slows

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

Prolific South Florida Developer Nick Rojo Dies At 44

Davis Looks To Sell 16-Building Beacon Hill, Back Bay Portfolio