• News
  • SAN DIEGO
  • Real Estate

McMillin to build Little Italy apartment

The three-parcel, 15,000-square-foot property in Little Italy at 1810 State and 1819 Columbia streets has been sold for $5.3 million.

The buyer was Kirkham Road LLC, 2750 Womble Road, Suite 200, San Diego 92106, Attn: Vincent Ferrer. The address in Liberty Station is the office of The Corky McMillin Companies.

The acquisition was financed with a loan of $3,825,000 from SSFT Holdings LLC, 101 E. 30th St., National City. SSFT Holdings, headed by Ferrer and Dean McGill, is also the manager of Kirkham Road LLC.

The seller of the property (assessor's parcels 533-241-04 and 11) was Centurion Partners Palatine LLC, c/o Centurion Partners Holdings LLC, 450 Newport Center Drive, Suite 570, Newport Beach 92660, Attn: Scot Matteson and Michael Smith.

Scott and Andy McMillin of the new ownership have announced intentions to construct 100 luxury apartments. They plan to break ground in the summer of 2015 with move-ins expected in summer of 2016.

Andy, grandson of the late Corky McMillin, Scott McMillin's son, and the fourth generation of homebuilders in his family, says he plans to build apartment units that rival the most sought-after homes found in major cities such as New York and Los Angeles.

The seller of the property bought the site in December 2012 for $3.8 million with the intention of construction 102 apartment units.

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

User Response
0 UserComments

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

Subscribe Today!