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$120-Mil Condo Tower Coming to Bankers Hill

SAN DIEGO-The twin-tower luxury condominium and townhouse development will rise near Balboa Park. Construction is scheduled to begin this fall at Sixth Avenue and Laurel Street, just across the street from the western gateway of the park.

By Randyl J. Drummer | Updated on August 29, 2001

SAN DIEGO-Construction of a $120 million twin-tower condo and townhouse community will begin this fall on Bankers Hill near Balboa Park.

CLB Partners Ltd. of Dallas has joined with San Diego-based RS Lawrence Development Inc. in forming Park Laurel Investors, a joint venture for the purposes of developing Park Laurel on the Prado. Construction of the luxury development is scheduled to begin this fall at Sixth Avenue and Laurel Street, just across the street from the western gateway of the park.

CLB Partners specializes in construction of multifamily residential projects on infill parcels, says Robert S. Lawrence, president of RS Lawrence Development. Real estate veterans Richard Bloch and Will Cureton, who had worked together for more than 10 years, formed the firm in 1997. Bloch served as chairman and Cureton as and chief operating officer of Dallas-based Columbus Realty Trust.

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