With beautiful weather, a crowd gathered, and a substantially sized bulldozer, McNamara Ventures and Agora Partners officially broke ground on their newest joint venture project. The development will be titled The Guild on 30th and will be located at the Northeast corner of Broadway & 30th Street in the Golden Hill neighborhood of San Diego. The development is a joint venture between McNamara Ventures and Agora Partners.
McNamara Ventures is a local real estate development firm focused on urban infill, Smart Growth developments. Agora Partners is a real estate development firm specializing in identifying and creating value-add opportunities in urban environments throughout Southern California. Howard Kozloff, pictured below with Keegan McNamara of McNamara Ventures, is Managing Partner of Agora Partners, based in Los Angeles.
Golden Hill
Located just South of the expansive Balboa Park in the City of San Diego, Golden Hill is a vibrant neighborhood that offers incredible views of Downtown, Coronado, and stunning sunsets over the Pacific Ocean. Offering walkable destinations such as restaurants, museums, hiking trails, and even the San Diego Zoo, it’s no wonder that the area is popular with artists, millennials, and urbanites. There is even an annual musical block party that celebrates the musicians in the area. The architecture in the neighborhood ranges from pre 1900s to Victorian, Craftsman, and farmhouses to everything in between. With the eclectic mix of buildings in the area, the infusion of a modern development with 21st century convenience will be a welcome option for tenants looking to move to the area.
Constrained Supply
For the supply constrained San Diego Market, new housing units available for sale can’t come a moment too soon. A booming economy, local building restrictions, and a lack of developable land have created one of the tightest housing markets in the country in Central San Diego. The Guild on 30th is designed to provide housing within the “missing middle” market in San Diego. The project is designed to provide well-designed new housing in a great location that has a price tag in line with median values.
Groundbreaking Ceremony
As groundbreaking commenced last week, several members of the McNamara Ventures team watched bulldozer operators knock down the tiny, decrepit building and using the crane arm to load the debris into a waiting dumpster. “We are enormously excited to embark on this new project here in Golden Hill,” said Keegan McNamara from McNamara Ventures, “It’s a wonderful neighborhood, and we look forward to enriching it with The Guild on 30th.”
San Diego Experts
McNamara Ventures is a local real estate development firm focused on urban infill, Smart Growth developments. They focus on improving neighborhoods through thoughtful and sustainable design. They are supported by MV Properties, a property management team that provides quality location and management services that add value and convenience, with a thorough understanding of market conditions and client needs. If you’re looking to buy in the Golden Hill area, contact us today!