|BED / BATH||SQ.FT.||RENT|
|Studio / 1||607||$2,750 -to $3,050|
$2,925 -to $3,175
|1 / 1||762 |
|$3,205 -to $3,980 |
$3,510 -to $3,710
|2 / 2||1,160 |
|$3,999 -to $5,490 |
$5,430 -to $6,105
|3 / 2||1,540||$7,650|
Residential tower at Westfield UTC mall opens
By: Jonathan HornPosted at 5:53 PM, Jul 11, 2019 and last updated 6:11 PM, Jul 11, 2019
SAN DIEGO (KGTV) – A first-of-its-kind residential tower opened in San Diego this week.
The 300-unit Palisade UTC complex is located right on the Westfield UTC mall’s property.
It offers an expansive pool, bar area, community room, open-air gym, and a lounge on the 23rd floor, with views to the coast.
“The goal was to have multiple spaces, again, that would be like staying at a four or five star resort,” said Jerry Brand, executive director of developer Greystar.
The building will be among the most expensive in San Diego County.
Studios start at $2,750 a month, while two-bedroom units start at $4,300. The penthouse is advertised for $20,000 per month. It also includes 30 affordable units.
Analysts say luxury buildings like Palisade can play a role in easing all of the region’s housing crunch.
“A substantial portion of the people moving into, like, the new projects downtown are actually vacating the older projects and moving up, so the luxury projects that are going up are really helping the housing situation,” said Alan Nevin, director of economic research at Xpera Group.
Kimberly Brewer, senior vice president of development for Unibail-Rodamco-Westfield, said the project is part of the evolution of the shopping center.
The mall recently expanded to add more restaurants and a full office for CBRE, a commercial real estate firm.
“What we’ve done at UTC we’re doing across the country and really creating a live, work, play environment,” she said.
The buildings had its first move-in this week. So far, 50 of the units have been leased.
About half of the renters are retirees, while a handful are entrepreneurs.
Nevin said it could also attract young tech workers who make a lot of money but are still not ready to buy.
Westfield breaks ground on new UTC development
Published – 10/03/17 – 11:05 AM
Westfield has broken ground on construction of a new 23-story, upscale residential tower located on UTC’s southwest corner at the intersection of Nobel Drive and Lombard Place.
Slated to open to residents in 2019, the tower will encompass 300 modern apartment homes that will be among the best appointed in the entire San Diego region. Each of the studios, one- bedroom, two-bedroom, and three-bedroom units will feature sleek interior design, high-end finishes, and elegant architectural motifs. Views from the residences will provide panoramas of the Pacific Ocean, La Jolla, and San Diego’s mountains.
The tower will also include best-in-class amenities such as:
– A beautifully landscaped one-half acre pool and amenity deck with junior Olympic- size pool and relaxing spa, outdoor kitchens, grills, cabanas, lounges, and fire pits.
– Resort-inspired “sky lounge” on the 23rd floor with 360-degree views of the ocean and surrounding landscapes. The lounge offers private dining, top-shelf bar, and outdoor decks with fire tables.
– A clubroom on the 3rd floor featuring indoor/outdoor entertaining space, access to outdoor and catering kitchens, as well as a media room, sports lounge, billiards and more.
– Fitness center with outdoor fitness deck, yoga and spin classes, steam rooms, and spa.
– Library, private workspace and conference room facilities equipped with top of the line audio/visual and IT infrastructure. They will also offer 24/7 concierge services along with private underground parking.
“Being able to offer the chance to live in close proximity to great shopping, dining, entertainment, health and fitness, and workspaces, is very exciting,” said John Alderson, Westfield’s vice president of development in San Diego. “Westfield has been a dedicated champion of the UTC neighborhood for the past 40 years, and breaking ground on the new residential tower is an important milestone and the next step in our chapter as we continue to showcase the community. We’re looking forward to welcoming new residents to the neighborhood.”
The beginning of construction on the tower comes as the culmination of a five-year planning effort undertaken between Westfield and Greystar, the largest operator of apartments in the United States. In addition to serving as development and construction advisors on the project, Greystar will professionally manage the community once the tower opens to residents.
Future residents of the tower will have access to all of the dining, shopping and other amenities available at Westfield UTC, which will complete the next phase of its renovation this fall. The property’s resort-inspired transformation includes the opening of a new two-level Nordstrom alongside on-trend fashion brands making their debut in the San Diego market, as well as exceptional new restaurants such as Din Tai Fung, Javier’s, The Winery Restaurant & Wine Bar La Jolla, Larsen’s Steakhouse, Great Maple, Smokeyard BBQ and Chop Shop, Napizza, Shake Shack, and True Food Kitchen.
The residential tower and shopping center will also provide close proximity to mass transit, as in the future UTC will be home to a regional transit station for the new San Diego trolley line connecting Downtown San Diego with the La Jolla area.
The residential development at UTC is Westfield’s first such project in the U.S. Westfield is examining opportunities to create 8,000 homes on land it currently owns across its global portfolio and, in addition to the commencement of construction at UTC in 2018, it also anticipates beginning work on a 1,200 apartment project at Stratford City in the U.K.