“There has not been much supply of new apartments in North San Diego County in the past four or five years; it’s in need of new, modern communities,” explains Brian Hansen, Wood Partners’ director of development for Southern California. “San Marcos is a wonderful upper-end community with great schools, a strong economy, terrific access to transportation and jobs. It's the ideal place for this development.”

Hansen tells GlobeSt.com that the total cost of the project, including purchase price and construction cost is $20 million. All 42 two-bedroom and 66 one-bedroom units, distributed among four garden style three-story walk-up buildings, will feature granite countertops, wood laminate flooring, stainless steel appliances and washers and dryers. The community's opulent amenities will include a clubroom with WiFi, televisions, electronic gaming systems such as Nintendo's Wii, a fitness center with top shelf cardio exercise equipment, pool, and a rooftop terrace for entertaining.

“These units will be among the highest quality anywhere in North San Diego County,” Hansen says. “The atmosphere has the dynamic and exciting elements associated with a university area without the party lifestyle.”

The property is in the midst of several luxury apartment, condominium and townhouse communities. 3 Tier Investments LLC, an investment group specializing in boutique retail/mixed use development in Southern California, will break ground at the same time on its Campus Pointe retail project. The site will consist of two retail buildings cornering the property with a total of 12,000 rentable square feet, including up to three restaurants with al fresco dining and up to seven retail businesses. The buildings have been designed with a contemporary European feel and a large circular courtyard for outdoor dining separates the buildings. Pre-leasing will begin immediately after ground is broken and is scheduled for completion concurrently with the residential component.