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Originally Posted by San Frangelino
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Awesome news! I hope the summer ground breaking is a reality.
This is great as well:
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The One Rincon transaction comes as a number of neighborhood sites are being revived with fresh capital and renewed interest. San Diego-based developer OliverMcMillan has reportedly bought 375-399 Fremont St., which has been languishing for more than six years since it was entitled. Crescent Heights is moving forward with 45 Lansing St., which it bought from Turnberry Associates in 2010 for $13 million. Both of those projects, which total nearly 700 units, are likely to start in the next 12 months, according to sources.
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Finally! One Rincon (Tower 1) has been a bit lonely up there.