Pacific Village is a partnership between Lennar Homes and Atlantic Pacific Companies, two respected names in housing with long track records for delivering high-quality projects that meet the needs of communities.
01 The Opportunity
Pacific Village is a partnership between Lennar Homes and Atlantic Pacific Companies, two respected names in housing with long track records for delivering high-quality projects that meet the needs of communities. Atlantic Pacific has managed the site’s existing apartment complex for more than 40 years. The partnership will be completely demolishing the existing apartment structures which have significant infrastructure challenges and are in need of replacement. The multi-phase development began demolition in late 2018, with an estimated completion in 2020.
02 The Results
Pacific Village will help tackle the housing crisis San Diego currently faces and create home owning opportunities for everyday San Diegans, while delivering a number of benefits to the community,” said Kevin Nolen, “This new community will be nearly doubling the moderately-priced housing on the site from 332 to 601, allowing for working families such as police, nurses, firefighters, service members and teachers to own homes in the community they serve, while also offering mortgage and lending options with a wide variety of programs for first-time home buyers.
Meet the Team
Green Acres Mall • Valuation & Advisory
Two Valuation & Advisory (V&A) Retail Practice Group teams appraised three properties owned by the mall REIT Macerich, totaling nearly 3 million square feet (msf).
Ulta Beauty • Retail
As a top brand providing high-touch service and customer experience, Ulta needed a trusted partner to execute facilities management repairs.
FLOOD INSURANCE COMPLIANCE FOR A BANK ACQUISITION • Banking & Regulatory Solutions
BRS performed a compliance scrub for the acquiring institution and created a compliance package for every property within a Special Flood Hazard Area (SFHA).