A 443-unit residential development will soon be delivered to San Diego’s Kearny Mesa neighborhood. The condominiums, called Vive Luxe, are being developed by Sunroad Enterprises and are expected to be completed later this year.
The condominiums are located at 4890 Sunroad Centrum Lane on a 5.83-acre site. According to project plans, the seven-story residential building will total 554,640 square feet and include a mix of studio, one, two, and three-bedroom layouts averaging 895 square feet. In addition, the project includes a 3,250 square-foot leasing office and a three level parking structure with 907 vehicle parking spaces and 218 bicycle parking spaces.
The building also will feature a variety of amenities for future residents, including a pool and spa area, a sky deck with grilling and lounge space, a fitness center, a bike storage room, a wine bar and more.
“The modern, luxurious conveniences of our residences extend into our surrounding community, providing the most upscale lifestyle possible. Sip and savor in our wine lounge, relax in our pool clubroom, or take in the breathtaking skyline views from our sky deck and ocean lounge,” the property’s website states.
Located in the heart of Kearny Mesa, the project site is surrounded by various retail, commercial and residential buildings. It is also just down the street from Vive on the Park, a 302-unit residential building also developed by Sunroad Enterprises. Additionally, the property is in close proximity to Interstates 15 and 805 as well as State Roads 52 and 163, which provides connectivity to the rest of San Diego.
An application for the project was initially submitted to the City of San Diego in 2018 as phase six of the City’s Centrum community master plan. In April of 2019, Sunroad Enterprises secured a $145 million construction loan through Pacific Coast Capital for the project in 2019. HFF Inc., which was later acquired by JLL Capital Markets, arranged the loan on behalf of Sunroad Enterprises.
“This sixth and final phase within the Centrum master plan will complete the transformation of this project that has been in the works for nearly 20 years,” Aldon Cole, senior managing director of HFF’s debt placement team, said at the time of the financing. “The Centrum residential market is one of the most highly amenitized in the country. The area’s short commutes to surrounding employment centers and proximity to retail only serves to enrich residents’ quality of life even further.”
Sunroad Enterprises is a San Diego-based real estate development company. Throughout its more than 35 year history, the company has developed and operated office, multifamily, resort, retail, land, and industrial projects throughout Southern California as well as in Arizona, Colorado and Nevada. In total, the company operates nearly 40 properties.
Sunroad Enterprises could not be reached in time to comment on this story.
