The 35-unit community at 2303 Ocean Street, existing within 13 two-story buildings, will feature two and three bedroom homes and 2.5 to three baths with approximately 2,210-square feet of living space. Every home will have a private deck and access to a common clubhouse/meeting facility with BBQ area, swimming pool, spa and fitness center. The project is situated on 3.05 acres at the northerly side of Ocean Street, west of Mountain View Drive. The condos will have broad and unobstructed views of Buena Vista Lagoon and the Pacific Ocean.
“We’ve developed these units with a number of variations and style plans, which brings more choices and diversity to the project,” said Brad Termini, co-CEO of Zephyr Partners. The seven luxury buildings will be developed over a single level, 82-space subterranean parking garage.
The property, currently home to a 51-unit apartment complex, was purchased by Zephyr Partners in 2011 and is expected to begin construction in June 2013.
Equity is being provided by George Smith Partners.