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Balfour Beatty Construction Awarded $62 Million Luxury Condominium Project in San Diego
August 20, 2015
SAN DIEGO –
has awarded Balfour Beatty Construction its $62 million, 14-story The Park Bankers Hill luxury condominium tower project. Located adjacent to Balboa Park in the upscale neighborhood of Bankers Hill in San Diego, California, the project builds on Balfour Beatty’s commitment to support the development of the growing multi-family marketplace in Southern California.
The type 1 high-rise project will include 62 high-end residential units totaling 142,289 square feet, with 4,528 square feet of retail space and a three-level underground parking garage housing 144 parking spaces. The project shares a city block and lot line with
, a historically significant building constructed in 1910 that embodies Spanish Colonial Revival architecture. Throughout construction, pedestrian access will be maintained around the balance of the site with strict safety measures in place.
“Having successfully delivered mid- and high-rise multi-family projects in Los Angeles and Northern California, The Park project is a perfect segue into the growing San Diego luxury condominium market,” said Brian Cahill, president of Balfour Beatty Construction’s Southwest Division. “This high-profile project represents the merging of modern architecture, sophisticated interior design and peerless views, while incorporating some of the highest quality finishes available in the market today. The finished product will serve as a centerpiece in the Bankers Hill community, and we are proud to participate in its development.”
The Park will feature numerous on-site amenities including a swimming pool and spa, a state-of-the-art fitness center and yoga studio, outdoor lounge areas with gas fire pits, and a well-appointed Club Room, complete with a gourmet kitchen for hosting and catering events. Designed by Dialog Design from Vancouver, Canada, the project is scheduled to break ground in September 2015 with project completion anticipated by June 2017.