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SOLANA BEACH, CA—With RAF Pacifica Group's acquisition of the 40,000-square-foot former Cedros Gardens land parcel here and new retailers entering South Cedros St., the area is undergoing a revitalization it hasn't seen in decades, the firm's founder and principal Adam Robinson tells GlobeSt.com. The San Diego-based commercial real estate investor and developer acquired the parcel for a total consideration of $5.5 million from a private owner and plans to develop a 26,000-square-foot mixed-use project on the parcel integrating high-end restaurants, ground-floor retail, office and multifamily.

The land is fully entitled for development and is located within the rapidly growing Cedros Design District, an open-air retail center featuring 85 boutique shops and restaurants. The planned development, which will break ground this year with an estimated completion date in 2018, will include 3,200 square feet of high-end restaurant space, 5,000 square feet of ground-floor retail, 8,000 square feet of office and eight multifamily units all within a walkable, centrally located urban setting. Robinson says, “This project exemplifies the type of high-quality, coastal mixed-use projects we are looking to build and hold long term. The demand for highly walkable communities, coupled with a trend toward urbanization, is driving the creation of fully integrated, amenity-rich environments that offer a live/work/play experience and foster a sense of community.”

The project is also transit-oriented, in close proximity to the COASTER commuter train and walking distance to a bridge that connects to Highway 101, which has recently undergone a $7-million revitalization effort to transform it into a community-oriented, pedestrian-friendly corridor. RAF Pacifica plans to work closely with Sean MacLeod, a Solana Beach-based developer who originally secured the entitlements for this land parcel.