Page 25 - Solana101_OfferingMemorandum_GSP

RECENT PROJECTS

THE PARK | BANKERS HILL SOUTH COVE | DANA POINT

Zephyr acquired the site in 2014 after securing In 2014, Zephyr acquired the lot located on Pacific
revised entitlements. The 14-story building offers SIZE: 147K SF Coast Highway in south Orange County. Zephyr SIZE: 231K SF
unobstructed views of Balboa Park, and views UNITS: 60 is acting as development manager and general UNITS: 168
of downtown San Diego and San Diego Bay. The contractor on the project. As of February 2020, In 2014, Zephyr acquired the lot located on
SOUTH COVE,
• 168 attached townhomes,
project achieved the highest price per square foot VALUE: $117.3MM 101 homes have been built with an additional 67 to VALUE: $149.3MM Pacific Coast Highway in south Orange County.
in downtown San Diego for mid-rise construction. be constructed. condominiums, and duplex units The site was fully approved for the development
DANA POINT • 10 acres (231,000 SF) of 168 attached residences. Zephyr is acting as
• Status: partially completed
https://livesouthcove.com/ • Project Cost: $149.3MM development manager and general contractor
on the project. As of February 2020, 101 homes
• Partners: Westbrook Partners have been built with an additional 67 to be
constructed. The project includes both
• 60-unit luxury condos (147,000 SF) Zephyr acquired the site in 2014 after securing
affordable and live-work units.
THE PARK, • Status: completed 2018 revised entitlements. The 14-story building
BANKERS HILL • Units from 1,600 SF to 4,200 SF offers unobstructed views of Balboa Park, and
• Project Cost: $117.3MM
views of downtown San Diego and San Diego
https://theparkbankershill.com/ • Partners: LLJ Ventures / Westbrook Bay. The project achieved highest price per
Partners square foot in downtown San Diego for mid-rise
construction.

THE BLOCK | SAN DIEGO SUMMERHOUSE | CARLSBAD Zephyr acquired a 51-unit apt community on Buena
THE BLOCK, • 258-unit luxury condos Zephyr acquired the land in 2014 and entitled SUMMERHOUSE, • 35 luxury condominiums (77,000 SF) Vista Lagoon in Carlsbad California, in a REO sale in
• Status: complete 2015/ closed out
• Units from 1,300 SF to 1,700 SF
2011, and developed the site into a 35 unit luxury
the property in 2015 for a high-rise condo
SAN DIEGO • Status: sold entitled project development with 258 luxury units. The project CARLSBAD • Project Cost: $48.0MM condominium building serviced with elevators. The
March 2017
Zephyr acquired the land in 2014 and entitled the offers panoramic views of downtown San Diego, Zephyr acquired a 51-unit apartment community project, done in a partnership with Westbrook,
• Project Cost (Through
achieved new record sales prices for attached
• Partner: Westbrook Partners
a pool terrace, a private catering kitchen, and a
Entitlements): $24.8MM
SIZE: 77K SF
property in 2015 for a high-rise condo development SIZE: 720K SF on Buena Vista Lagoon in an REO sale in 2011 product in Carlsbad. The site offers beach access
hotel-inspired amenity package.
• Partners: private individuals
and ocean views from the majority of units.
with 498 luxury units. The project offers panoramic UNITS: 498 and developed the site into a 35-unit luxury UNITS: 35
views of downtown San Diego, a pool terrace, condominium building. The project, done in a
a private catering kitchen, and a hotel-inspired VALUE: $24.8MM partnership with Westbrook, achieved new record VALUE: $48.0MM
amenity package. sales pricing for attached product in Carlsbad.