Co-living provider Common is moving into San Diego for the first time, bringing all-inclusive housing at an affordable rate. Developed by Malick Infill Development and Protea Properties with designs from The Miller Hull Partnership, Parco will provide a 127-unit co-living development to those in National City.
“We’re thrilled to bring Common’s robust community-first operations to the San Diego area with Parco this summer,” Amalia Paliobeis, Common’s senior managing director of real estate, said. “The Common team believes intelligent design and purposeful technology can create a better housing experience in growing cities across the world. The team at Malick Infill Development and Protea Properties is deeply committed to building the foundation for the Downtown National City neighborhood and culture, and we’re proud to feature Parco as our first property in the San Diego area.”
Located at the intersection of 8th and B Streets, the 130,000 square-foot building will reach eight stories and offer a mix of furnished and unfurnished studios as well as one, two, three and four bedroom units. According to the property’s website, rent will begin at just $995. In comparison, RentCafe reported the average rental rate in San Diego is approximately $2,344 per month.
In addition to the residential space, the building will include 6,378 square feet of retail space, 4,054 square feet of office space and various tenant amenities. These include a rooftop deck with mountain and bay view, onsite laundry and a game room. The property also offers tenants weekly cleaning services and the opportunity to participate in scheduled community events.
Located in the heart of San Diego’s National City, the walkable neighborhood is home to many museums, local retail businesses and restaurants, with some popular locations including the San Diego Pretzel Company, Kimball Park, Pepper Park and Pier 32 Marina. While walkable, the community is also just two blocks from Interstate 5 and a quick drive from the San Diego International Airport.
“We’re excited for Parco and its residents to become part of the Downtown National City experience, a vibrant urban neighborhood with a rich history and unique character,” Andrew Malick, president of Malick Infill Development, said.
While making its entrance into San Diego for the first time, Common is responsible for the development of 6,400 coliving, microunit and traditional apartment units nationwide. Additionally, the company has 26,000 units signed under development and over $110 million in venture capital investment. Currently, Common can be found in 12 markets across the U.S., including Chicago, San Francisco, Fort Lauderdale, New York City, and Seattle among several others.