Project name: Shift Tower Apartments.
Project address: 460 16th Street San Diego, CA. 92101.
Owner: Lennar Multifamily Communities.
Downtown neighborhood: East Village.
Market: Mixed-use development (Multifamily residential and commercial)
Building specifications and figures:
Current status: Complete.
21 story tower (253 ft.), 5 story mid-rise (65 ft.)
368 residential units, indoor/outdoor amenity space, 508 parking spaces.
631,000 square feet (sq. ft.) of residential space.
600 sq. ft. studios to 1200 sq. ft. 2 bedroom apartments.
19,000 sq. ft. of street-level commercial space.
$120-million cost to develop.
LEED certification pending.
Approximately 395 construction jobs and 82 permanent jobs created.
Downtown public facilities financing plan: $1.6 million development impact fees. Funding share for new parks, fire station, and traffic circulation improvement in Downtown.