SDCCN Staff | East Village
Ambitious multi-use Downtown project offers an amenity rich lifestyle
Luxury apartment and retail village, Park 12, is nearing completion and now accepting lease applications. Construction is intended to wrap this coming fall.
Situated on an expansive 3.5 acres directly adjacent to Petco Park, the project includes four separate mid- and high-rise buildings. When complete, the mixed-use community will offer 718 units, including 37 luxury apartments, as well as 45,000 square feet of ground level retail space.
The property is owned and operated by Greystar Real Estate Partners LLC. Jerry Brand, senior managing director of West Coast development for Greystar, noted the project was the property investment group’s most ambitious to date.
“Anyone wanting to live Downtown would be remiss not to look at Park 12,” Brand said in a press release. “With such a variety of floor plans and price points, Park 12 has apartment homes which perfectly fit our residents’ unique needs and lifestyles.”
With sprawling city and bay views, apartments range from 518 to 2,824 square feet; they include studio, one, two and three-bedroom floor plans, as well as penthouse suites. The project aims to invoke the airy and modern appeal of similar high-end living communities, while incorporating design elements from neighboring historic buildings.
Apartment amenities offer 14 common areas — two dog parks; two pools; sundeck; spa; indoor/outdoor fitness center; 1,216 underground residential parking spots; community clubhouse; fire pits; grilling areas; and a front desk with 24-hour concierge service. All units are designed to condominium standards with modern aesthetic elements in mind. Apartments start at $1,705 and move in begins in July.
For more information, visit livepark12.com.
Greystar is a leading, fully integrated multifamily real estate company offering expertise in investment management, development and property management of rental housing properties globally. Greystar operates in over 130 markets globally and is the largest operator of apartments in the United States, managing over 420,000 units, with an aggregate estimated value of approximately $80 billion. Greystar also has a robust institutional investment management platform dedicated to managing capital on behalf of a global network of institutional investors with over $23 billion in gross assets under management, including more than $8 billion of developments that have been completed or are underway. To learn more about Greystar, visit greystar.com.