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Pandemic Aside, Older San Diego Apartment Enclaves See Interest From Developers

University Heights, North Park Projects Get More Than $130 Million in Construction Financing
A 94-unit apartment complex with 3,000 square feet of ground-floor retail is planned in San Diego's North Park neighborhood near Balboa Park. (Acres Capital Corp.)
A 94-unit apartment complex with 3,000 square feet of ground-floor retail is planned in San Diego's North Park neighborhood near Balboa Park. (Acres Capital Corp.)
CoStar News
January 12, 2021 | 2:43 P.M.

Two planned San Diego infill apartment projects by different developers received construction financings totaling more than $130 million, a sign of strong demand outside of the usual downtown hub that attracts most of these projects in a region with a severe housing shortage.

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