prime north park 4250 - loopnet...camden tuscany 1670 kettner blvd, san diego, ca 92101 3....
TRANSCRIPT
SAN DIEGO, CA 92104
4250OREGON STREETPRIME NORTH PARK
SHOVEL READY MIXED-USE DEVELOPMENT
KEVIN NOLEN858.546.5487 [email protected] #01840398
JASON [email protected] #01328121
TIM [email protected] #00891667
DISCLAIMER
Cushman & Wakefield has been retained as the owner’s exclusive advisor and broker regarding the sale of 4250 Oregon Street located at 4234-4236 OregonStreet & 2621-2629 El Cajon Blvd, San Diego, CA 92104 (the “Property”) APN: 445-422-02 & 445-422-03 & 455-422-04.
This Offering Memorandum has been prepared by Cushman & Wakefield for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire. All projections have been developed by Cushman & Wakefield, the Owner, and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and, therefore, are subject to variation. No representation is made by Cushman & Wakefield or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, Owner and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Cushman & Wakefield, Owner, and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omission from, this Offering Memorandum or any other written or oral communication transmitted or made available to the recipient. This Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of the package. Analysis and verification of the information contained in this package is solely the responsibility of the prospective purchaser. Additional information and an opportunity to inspect the Property will be made available upon written request to interested and qualified prospective investors.
Owner and Cushman & Wakefield each expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers regarding the Property and/or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligation to any entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase of the Property has been fully executed, delivered, and approved by Owner and its legal counsel, and any conditions to Owner’s obligations thereunder have been satisfied or waived. Cushman & Wakefield is not authorized to make any representations or agreements on behalf of Owner.
This Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public (such contents as so limited herein are called the “Contents”), are of a confidential nature. By accepting the package, you agree (i) to hold and treat it in the strictest confidence, (ii) not to photocopy or duplicate it, (iii) not to disclose the package or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization of Owner or Cushman & Wakefield, (iv) not use the package or any of the contents in any fashion or manner detrimental to the interest of Owner or Cushman & Wakefield, and (v) to return it to Cushman & Wakefield immediately upon request of Cushman & Wakefield or Owner.
TAB
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PROPERTY RENDERINGS
PROJECT OVERVIEW
MARKET OVERVIEW
MARKET COMPARABLES
DEMOGRAPHICS
EL CAJON BLVD
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SAN DIEGO, CA 92104
4250OREGON STREET
THE OPPORTUNITY
• SHOVEL READY DEVELOPMENT
• AMENITY RICH NEIGHBORHOOD
• FAVORABLE CONSTRUCTION TYPE
• OPTIMIZED UNIT MIX
• TRANSIT & PARK ADJACENT
• SPECTACULAR VIEWS
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EL CAJON BLVD
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THE PROJECT
4250 Oregon Street is an 87,500 SF, 85-unit, mixed-use, and permit-ready development, able to break ground in
30 days. The project is thoughtfully comprised of 82 residential units, 3 shopkeeper units and an 8,255 SF indoor/outdoor top floor co-working space with views of downtown San Diego and Eastern mountains.
THE LOCATION
North Park is San Diego’s hottest Millennial and Gen Z neighborhood. Home of the best breweries in San Diego and a lively and established restaurant scene, North Park is where locals come for an authentic experience. The property is located at the intersection of El Cajon Boulevard (“The Boulevard”) and Oregon Street which is a short walk to many restaurants, bars, and coffee shops. But food and drink aren’t the only neighborhood amenities. Across the street from the property is the popular San Diego Indoor Soccer Center and the North Park Community Park which features racquetball courts, a softball field, and multiple picnic areas.
ACCESS
The property is in a Transit Priority Area and enjoys a 94 Walk Score and a 80 Bike Score. Adjacent on El Cajon Blvd is one of San Diego’s only Bus Rapid Transit (BRT) lines with access to San Diego State University and Downtown San Diego. The San Diego City Council recently approved a pilot project to provide a dedicated bus-only lane on The Boulevard which will further reduce travel times. Located at the upper plateau of the North Park Mesa means most bike trips are an easy and flat ride. Tenants will always be able to find their way home as the project is across the street from the Landmark North Park Water Tower, the tallest structure in North Park.
EXECUTIVE SUMMARY
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PROPERTY DOCUMENTS DOWNLOAD
PARKING REQUIREMENT AND CITY UPDATES
Fox 5 Article- City Eliminates Parking Requirement Near Transit Stops
Transit Priority Area Multifamily Residential Parking Standards
2629 El Cajon Blvd - Volume 1 2629 El Cajon Blvd - Volume 2
EL CAJON BLVD
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≈175’
≈52’
≈100’
≈85’
≈137’
≈75’
Type SF
Residential Studio 372 SF - 405 SF
1BR /1BA 544 SF - 718 SF
2BR/2BA 800 SF
Total Units 44,780 SF
Commercial 3 Shopkeeper Units 1,021 SF (including mezz)
Lobby coffee & Juice Bar 574 SF
Co - Working space 7,525 SF (730 SF of outdoor space)
Share Spaces Roof deck 1,350 SF
Prep kitchen 275 SF
Sky lounge 800 SF (with 500 SF balcony)
Parking 28 Auto Spaces/ 4 Motorcycle & 54 secure bike Spaces
Unit Mix Units Type SF
Residential 28 Studio 372 SF - 405 SF
52 1BR /1BA 544 SF - 718 SF
2 2BR/2BA 800 SF
82 Total Units 44,780 SF
*Buyer to verify all numbers and accuracy
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COMMERCIAL GROSS RENTABLE
COMMERICAL AMENITY DECK
COMMON AMENITY DECK
RENTABLE LOBBY/AMENITY
PARKING GROSS SF
RESIDENTIAL NET
RESIDENTIAL GROSS
TOTAL GFA PARKING
L1 0 3 0 0 3,485 574 9,042 - - 15,479 28L2 6 0 15 0 - - - 11,435 14,674 14,674 0L3 6 0 15 0 - - - 11,435 14,674 14,674 0L4 6 0 13 1 - - - 10,955 14,674 14,674 0L5 6 0 13 1 - - - 10,955 14,674 14,674 0L6 0 0 0 0 7,525 730 1,850 1,075 - - - 13,336 0
TOTALS 24 3 56 2 11,010 730 1,850 1,649 9,042 44,780 58,697 87,512 28
PROJECT METRICS
PROPERTY LOCATION4234-4236 Oregon Street, 2621 El Cajon Blvd. & 2623-2631 El Cajon Blvd. San Diego, CA 92104
EXISTING SITE CONDITIONSFlat Site, “L” shape around existing restaurant, Approx. 52’ frontage along Oregon St. Approx. 75’ frontage along El Cajon Blvd.
BUILDING SITE 15,903 SF
APN # 445-422-02 & 445-422-03 & 455-422-04
WALK SCORE/BIKE SCORE 94/80
CONSTRUCTION TYPE 5-Story Type III over 1-Story Type I
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RESIDENT AMENITY SPACE
RESIDENT AMENITY SPACE
CO-WORK / OFFICE CO-WORK / OFFICE CITY VIEW ROOF TERRACE
SHOPKEEPERS UNITSCHICKEN PIE SHOP (SEPARATE OWNERSHIP)
PARKING ENTRANCE
PARKING ENTRANCE LOBBY / CAFE
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RESIDENT AMENITY SPACE OFFICE ROOF TERRACE OFFICE ROOF
TERRACECO-WORK/
OFFICECO-WORK /
OFFICECO-WORK /
OFFICE
EAST ELEVATION
1 3
VEGAN RESTAURANT (SEPARATE OWNERSHIP)
CHICKEN PIE SHOP (SEPARATE OWNERSHIP)LOBBY / CAFE
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LOOKING WEST
CITY VIEW ROOF TERRACE 1 5
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OREGON STREET LOOKING NORTH
OREGON STREET SIDEWALK CAFE 1 7
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OFFICE INTERIOR (WITHOUT PARTITIONS)
PRIVATE OFFICE DECK 1 9
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UNIT FEATURES
• Large sliding glass doors• Private Patio*• Washer/Dryer• Dishwasher• 9’ to 17’ ceiling heights• Solid surface countertops• Hard surface floors
*In most units
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BUILDING FEATURES
• Open air corridors
• Planter boxes and natural vegetation at landings
• Passive shading devices
• Oversized windos
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CO-WORK FEATURES75 desk co-workspace with private balconies and two conference rooms. Also works as general office. SHARED AMENITIES• Meeting space / communal dining
with kitchen
• Open-air roof deck with lounge seating, BBQ and fire feature
• Sky lounge with private balcony
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DOWNTOWN
HILLCREST
MISSION VALLEY
Mlim Holdings
S A N D I E G O
Centrally located in San Diego
Close proximity to the 163, and 805 freeways
A walkable Uptown location
NORTH PARKStrategic Security
Services, Inc
California Home Care Inc
Smart & Final Stores, Inc.
San Miguel Hospital Association
Rodgers Police Patrol
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4250OREGON STREET
RECENTLY COMPLETED
Alliance
Address 4223 Texas Street
Units 118
RECENTLY COMPLETED
Alliance
Address 4220 Texas Street
Units 76
RECENTLY COMPLETED
Jonathan Segal
Address 4075 Park Blvd
Units 47
FUTURE DEVELOPMENT
Address 2301 El Cajon Blvd
Units TBD
FUTURE DEVELOPMENT
HP Investors
Address 2232 El Cajon Blvd
Units TBD
CURRENTLY PERMITTING
Dan Floit
Address 2145 El Cajon Blvd
Units 56
UNDER CONSTRUCTION
Fenton
Address 2030 El Cajon Blvd
Units 165
FUTURE DEVELOPMENT
Lennar
Address 1353 Park Blvd
Units TBD
DE
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North ParkRecreation
Center
AwashEthiopian
Restaurant
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Balboa Park11 minutes
Sea World14 minutes
Ocean Beach15 minutes
UCSD Medical7 minutes
Downtown13 minutes
Fashion Valley Mall10 minutes
USD14 minutes
Airport14 minutes
SD Zoo7 minutes
Point Loma20 minutes
NORTH PARK
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4250OREGON STREET
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3$3.74 PSF
5 $4.18 PSF
6$3.21 PSF
$4.27 PSF
$3.05 PSF
1 $3.34 PSF
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$3.71 PSF
SEE SUMMARY*
9$2.78 PSF
1. IL PALZZO 2040 Columbia Street San Diego, CA 92101
2. CAMDEN TUSCANY 1670 Kettner Blvd, San Diego, CA 92101
3. BROADSTONE LITTLE ITALY 1980 Kettner Blvd, San Diego, CA 92101
4. AV8 2155 Kettner Blvd. San Diego, CA 92101
5. VICI 550 W Date St. San Diego, CA 92101
6. AMO 555 W Date St. San Diego, CA 92101
7. BROADSTONE BALBOA 3288 5th Ave. San Diego, CA 92101
8. BROADSTONE NORTH PARK 4223 Texas St. San Diego, CA 92104
9. MILLENNIUM MISSION VALLEY 5080 Camino Del Arroyo San Diego, CA 92108
10. THE MARQUIS AT HILLCREST 1751 University Ave. San Diego, CA 92103
8
$3.18 PSF
2 Camden Tuscany
160 Units1670 Kettner BlvdSan Diego, CA 92101
Completed Date August, 2002Improvements Rating ALocation Rating B+Occupancy 95.6%
Prior Names: Park at Little ItalyCommon Area Amenities - Controlled Access, Fitness Center, BusinessCenter, Clubhouse, 1 Swimming Pool, 1 Spa, Rental OfficeParking - Total Parking - 160 Spaces, Parking Type - SubterraneanFunctional Characteristics - Private Balcony/Patio, Construction Type - Combination Apartment InteriorApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Mi-crowave Ovens
% of Total UnitCount
Size (SqFt) Market Rent
Unit Total Total SqFt
TOTAL 100% 160 886 141,769 $2,842 $3.21
1 Il Palazzo
108 Units2040 Columbia StreetSan Diego, CA 92101
Completed Date: February, 2004Improvements Rating: ALocation Rating: B+Occupancy: 82.4%
Common Area Amenities - Controlled Access, Fitness Center, Rental Office - Stand AloneParking - Total Parking - 108 Spaces, Parking Type - SubterraneanFunctional Characteristics - Private Balcony/Patio, Construction Type - FrameOther Factor - Major Street Exposure - Grape StreetApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Mi-crowave Ovens
% of Total UnitCount
Size (SqFt) Market Rent
Unit Total Total SqFt
TOTAL 100% 108 726 78,407 $2,425 $3.34
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4250OREGON STREET
5 VICI
97 Units550 West Date StreetSan Diego, CA 92101
Completed Date: October, 2018Improvements Rating ALocation Rating B
Common Area Amenities - Controlled Access, Fitness Center, Business Center, Clubhouse, 1 Spa, Rental Office - Stand AloneParking Type - Multi-Level StructureFunctional Characteristics - Private Balcony/Patio, Construction Type - Steel FrameApartment Interior Amenities - Internet Access, Above Standard Ceiling Height
% of Total UnitCount
Size (SqFt) Market Rent
Unit Total Total SqFt
TOTAL 100% 97 906 87,900 $3,751 $4.18
6 AMO LITTLE ITALY
Total Units 28 Units 555 W Date Street San Diego, CA 92101
% of Total UnitCount
Size (SqFt) Market Rent
Unit Total Total SqFt
TOTAL - 28 432-945 - $2,350-$4,325 $3.26
4 AV8
129 Units2155 Kettner BlvdSan Diego, CA 92101Completed Date: May, 2018Improvements Rating ALocation Rating B+Occupancy: 91.5%
Common Area Amenities - Controlled Access, Fitness Center, Clubhouse, Rental Office - Stand AloneParking - Total Parking - 321 Spaces, Parking Type - SubterraneanFunctional Characteristics -Total Parking - 134 Spaces, Parking Type - Above Ground andSubterraneanFunctional Characteristics - Private Balcony/Patio, Construction Type -Steel FrameOther Factor - View - North San Diego BayApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens
% of Total UnitCount
Size (SqFt) Market Rent
Unit Total Total SqFt
TOTAL 100% 129 762 98,341 $2,827 $3.71
3 Broadstone Little Italy
199 Units1980 Kettner BlvdSan Diego, CA 92101
Completed Date October, 2014Improvements Rating A+Location Rating B+Occupancy 94.5%Common Area Amenities - Controlled Access, Fitness Center, BusinessCenter, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 321 Spaces, Parking Type - SubterraneanFunctional Characteristics - Private Balcony/Patio, Construction Type - Steel FrameOther Factor - Major Street Exposure - Grape Street, View - Downtown San Diego/San Diego BayApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens
% of Total UnitCount
Size (SqFt) Market Rent
Unit Total Total SqFt
TOTAL 100% 199 823 163,722 $3,079 $3.74
7 BROADSTONE BALBOA PARK
100 Units3288 5th AvenueSan Diego, CA 92103
Completed Date: June, 2015 4Improvements Rating ALocation Rating BOccupancy: 95.0%
Common Area Amenities -Controlled Access, Fitness Center, Business Center, Clubhouse, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 321 Spaces, Parking Type - SubterraneanFunctional Characteristics - Private Balcony/Patio, Construction Type - CombinationOther Factor - Major Street Exposure - 5th Avenue, View - Downtown San Diego/San Diego BayApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens
% of Total UnitCount
0.1875 in Market Rent
Unit Total Total SqFt
TOTAL 100% 100 777 77,695 $3,326 $4.27
9 MILLENNIUM MISSION VALLEY, THE
305 Units5080 Camino Del ArroyoSan Diego, CA 92108
Completed Date: October, 2018Improvements Rating ALocation Rating B+Occupancy 73.4%Common Area Amenities -Controlled Access, Fitness Center, BusinessCenter, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 638 Spaces, Covered Parking Is Available ForAn Additional $0 Per Month, Parking Type - Multi-Level StructureFunctional Characteristics - Private Balcony/Patio, Construction Type - MasonryOther Factor - Major Street Exposure - Camino De La Reina and Interstate 8/Mission Valley FwyApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Mi-crowave Ovens
% of Total UnitCount
Size (SqFt) Market Rent
Unit Total Total SqFt
TOTAL 100% 305 871 265,650 $2,420 $2.78
10 THE MARQUIS AT HILLCREST
58 Units1751 University AvenueSan Diego, CA 92103
Completed Date: January, 1935Improvements Rating C+Location Rating BOccupancy100.0%Prior Names: Casa Grande
Common Area Amenities - Controlled Access, One Laundry Facilities,Fitness Center, Rental Office - Stand AloneParking - Parking Type - NoneFunctional Characteristics - Private Balcony/Patio, Construction Type - FrameOther Factor - Major Street Exposure - University Avenue Apartment Interior Ameni-ties - Internet Access, Normal Standard Ceiling Height, Microwave Ovens
% of Total UnitCount
Size (SqFt) Market Rent
Unit Total Total SqFt
TOTAL 100% 58 536 31,105 $1,633 $3.05
8 BROADSTONE NORTH PARK
4223 Texas St, San Diego, CA 92104
% of Total UnitCount
Size (SqFt) Market Rent
Unit Total Total SqFt
TOTAL 118 $3.19
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Address Sale Date Buyer Reported Sale Price
# Of Units Price/Unit Acres Price/AC Units/
AC SF $/SF
1 2850 6th AvenueSan Diego, CA 1/15/15 Zephyr $11,200,000 64 $175,000 0.83 $13,493,976 - 36,000 $311
2Cathedral6th and OliveSan Diego, CA
5/10/2019 Greystar $14,078,929 204 $69,014 .592 $23,781,975 - 25,805 $545
3SEC of Pacific Highway and Grape San Diego, CA
6/25/18 Sangyo $12,110,000 - - .59 $40,333,333 - 12,930 $937
4 4275 Mission Bay Drive San Diego, CA 5/5/17 JPI $21,625,000 172 $125,726 2.89 $7,482,699 60 125,888 $172
5 2054 State Street San Diego, CA 12/20/16 Willmark Co. $9,850,000 - - .56 $17,589,285 - 24,294 $405
6 1810 El Cajon Blvd.San Diego, CA 4/13/2018 Lennar $42,300,000 - - 2.38 $17,773,109 - 103,606 $408
* Subject4232-4236 Oregon St. & 2621-2629 El Cajon Blvd.
- - - 82 - 0.36 - 225 15,903 -
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Copyright 2012 SanGIS - All Rights Reserved. Full text of this legalnotice can be found at http://www.sangis.org/Legal_Notice.htm
0 800 1,600400Feet
* Residential Density up to 73 DU/AC allowed via PDP ** Along Park Blvd. Residential Density up to 145 DU/AC allowed via PDP*** Along El Cajon Blvd. Residential Density up to 145 DU/AC allowed via PDP
Per LU Figure 2-4
LEGEND
ResidentialResidential - Low : 5-9 Du/AcResidential - Low Medium : 10-15 Du/AcResidential - Medium : 16-29 Du/AcResidential - Medium High : 30-44 Du/Ac *Residential - High : 45-54 Du/AcResidential - Very High : 55-73 Du/Ac
Commercial, Employment, Retail, and ServicesCommunity Commercial : 0-29 Du/AcCommunity Commercial : 0-44 Du/AcCommunity Commercial : 0-54 Du/AcCommunity Commercial : 0-73 Du/Ac**Community Commercial : 0-109 Du/Ac***Neighborhood Commercial : 0-29 Du/Ac
! ! ! ! ! ! ! ! !! ! ! ! ! ! ! ! !! ! ! ! ! ! ! ! !! ! ! ! ! ! ! ! !! ! ! ! ! ! ! ! !! ! ! ! ! ! ! ! !
Neighborhood Commercial : 0-73 Du/Ac
Park, Open Space, and RecreationOpen SpacePark
Institutional, and Public/Semi-Public FacilitiesInstitutional Community VillageCommunity Plan Boundary
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NORTH PARK COMMUNITY PLAN LAND USE2
Figure 2-2: Active Frontage Map
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Copyright 2012 SanGIS - All Rights Reserved. Full text of this legalnotice can be found at http://www.sangis.org/Legal_Notice.htm
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Active Frontage PermittedCommunity Plan Boundary
COMMUNITY PLAN LAND USE MAP TRANSIT ACCESS L
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4250OREGON STREET
BUS RAPID TRANSIT (BRT)
An expansion of the Mid-Coast Trolley Blue Line will offer a one-seat (no transfer) ride from the international border to the University City (UTC) community. Construction is currently underway, with service planned to begin in 2021.
4 1
Ch. Art. Div.13 1 5 34
San Diego Municipal Code Chapter 13: Zones (6-2018)
Development Regulation[See Section 131.0530 for Development Regulations of Commercial Zones]
Zone Designator Zones1st & 2nd >> CC-
3rd >> 1- 2- 4- 5- 1- 2- 4- 5- 1- 2- 4- 5- 2- 3- 4- 5-4th >> 1 2 3 4
Building Articulation [See Section 131.0554] applies applies applies appliesParking Lot Orientation [See Section 131.0556] applies applies applies appliesRefuse and Recyclable Material Storage [See Section 142.0805]
applies applies applies applies
Loading Dock and Overhead Door Screening Regulations [See Section 142.1030]
applies applies applies applies
Visibility Area [See Section 113.0273] applies applies applies applies
Zone Designator Zones1st & 2nd >> CC
3rd >> 2- 3- 4- 5- 3- 4- 5- 3- 3- 3-
Development Regulation[See Section 131.0530 for Development Regulations of Commercial Zones] 4th >> 5 6 7 8 9
Max permitted Residential Density(1) 1,500 1,000 800 600 400Supplemental Residential Regulations [See Section 131.0540]
applies applies applies applies applies
Lot AreaMin Lot Area (sq. ft.) 2,500 2,500 2,500 2,500 2,500Max Lot Area (ac) -- -- -- -- --
Lot DimensionsMin Lot Width (ft) 25 25 25 25 25Min Street Frontage (ft) 25 25 25 25 25Min Lot Depth (ft)Max Lot Depth (ft)
----
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Setback Requirements(6)
Min Front Setback (ft)Max Front Setback (ft)[See Section 131.0543(a)]
--10(2)
--10(2)
--10(2)
--10(2)
--10(2)
Min Side Setback (ft)Optional Side Setback (ft)[See Section 131.0543(b)]
100
100
100
100
100
Side Setback Abutting Residential [See Section 131.0543(c)]
applies applies applies applies applies
Min Street Side Setback (ft)Max Street Side Setback (ft)[See Section 131.0543(a)]
--10(2)
--10(2)
--10(2)
--10(2)
--10(2)
Min Rear Setback (ft)Optional Rear Setback (ft)
100
100
100
100
100
Ch. Art. Div.13 1 5 35
San Diego Municipal Code Chapter 13: Zones (6-2018)
Development Regulation[See Section 131.0530 for Development Regulations of Commercial Zones]
Zone Designator Zones1st & 2nd >> CC
3rd >> 2- 3- 4- 5- 3- 4- 5- 3- 3- 3-4th >> 5 6 7 8 9
[See Section 131.0543(b)] Rear Setback Abutting Residential [See Section
131.0543(c)]applies applies applies applies applies
Max Structure Height (ft) 100 65 65 100 -Min Lot Coverage (%)(6) 35 35 35 35 35Max Floor Area Ratio 2.0(4,5) 2.0(4,5) 2.0(4,5) 2.0(4,5) 2.0(4,5)
Floor Area Ratio Bonus for Residential Mixed Use [See Section 131.0546(a)]
2.0 2.0 2.5 2.5 3.0
Minimum Floor Area Ratio for Residential Use 1.0 1.0 1.5 1.5 2.0Ground-floor Height [See Section 131.0548] applies applies applies applies appliesPedestrian Paths [See Section 131.0550] applies applies applies applies appliesTransparency [See Section 131.0552] applies applies applies applies appliesBuilding Articulation [See Section 131.0554] applies applies applies applies appliesParking Lot Orientation [See Section 131.0556] - - - - -Refuse and Recyclable Material Storage [See Section 142.0805]
applies applies applies applies applies
Loading Dock and Overhead Door Screening Regulations [See Section 142.1030]
applies applies applies applies applies
Visibility Area [See Section 113.0273] applies applies applies applies applies
Footnotes for Table 131-05E
1 One dwelling unit per specified minimum square feet of lot area as determined in accordance with Section 113.0222.
2 See Section 131.0543(a)(2).3 See Section 131.0543(a)(3).4 Within the Kearny Mesa Community Plan area, the maximum floor area ratio is 0.50 and the
portion of the maximum allowed gross floor area occupied by retail sales or eating and drinking establishments shall not exceed 70 percent.
5 Within the Otay Mesa Community Plan area, the maximum floor area ratio is 0.30.
6 Placemaking on private property shall not be subject to setback or minimum lot coverage regulations, in accordance with Section 141.0421.
(Amended 6-12-2001 by O-18948 N.S.; effective 12-12-2001.)(Amended 11-13-08 by O-19799 N.S; effective 12-13-2008.) (Amended 8-4-2011 by O-20081 N.S.; effective 10-6-2011.)(Amended 4-11-2014 by O-20361 N.S.; effective 5-18-2014.)
ZO
NIN
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MA
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4 3
NORTH PARK
SOUTH PARK
BANKERSHILL
HILLCREST
UNIVERSITYHEIGHTS
NE
IGH
BO
RH
OO
D O
VE
RV
IEW
4250OREGON STREET
“North Park has all the ingredients for the cool school: It’s culturally diverse and has art galleries, boutiques, trendy bars with handcrafted cocktails and local brews, and foodie- pproved eateries”
– Los Angeles Times
“One of America’s best hipster neighborhoods….home to Craftsman cottages, cafes and diners, coffee shops, several microbreweries, boutiques and bastions of creativity in the area” – Forbes
4 5
HOUSING
Existing shortageYoung professionals Growing community
Restaurants and shopsNeighbors
Health & wellbeing
WALKABILITY
CONNECTIVITY
Expanding neighborhoodsSocial productivity
Multi familyNorth Park
Development
OPPORTUNITY
TH
E B
OU
LE
VA
RD
North Park is the home to over 48,000 residents and a primarily young population: around 30% are Millennials and Gen X. The population is projected to grow to 53,841 by 2023. North Park serves as the Uptown gateway to San Diego, a central district for arts and culture attracting high-tech startups with the increasing availability of creative workspace in the market.
NORTH PARK ±48,691RESIDENTS
±13,309EMPLOYEES
±2,325BUSINESSES
BY AGEBY INCOME
<$15
,00
0 -
$34
,00
0
34%
$75,
00
0 -
$14
9,9
99
26%
$35,
00
0 -
$74
,99
9
32%
$20
0,0
00
+
4%
$150
,00
0 -
$19
9,9
99
4%
32%
20 -
34
35%
35 -
54
18%
55 -
74
5%
75+
NE
IGH
BO
RH
OO
D D
EM
OG
RA
PH
ICS
KEVIN NOLEN858.546.5487 [email protected] #01840398
JASON [email protected] #01328121
TIM [email protected] #00891667
SAN DIEGO, CA 92104
4250OREGON STREET