Balfour Beatty US awarded $62million luxury condominium project in San Diego
26 August 2015
Zephyr has awarded Balfour Beatty Construction its $62 million, 14-story The Park Bankers Hill luxury condominium tower project. Located adjacent to Balboa Park in the upscale neighborhood of Bankers Hill in San Diego, California, the project builds on Balfour Beatty’s commitment to support the development of the growing multi-family marketplace in Southern California.
The type 1 high-rise project will include 62 high-end residential units totalling 142,289 square feet, with 4,528 square feet of retail space and a three-level underground parking garage housing 144 parking spaces. The project shares a city block and lot line with The Abbey, a historically significant building constructed in 1910 that embodies Spanish Colonial Revival architecture. Throughout construction, pedestrian access will be maintained around the balance of the site with strict safety measures in place.
“Having successfully delivered mid- and high-rise multi-family projects in Los Angeles and Northern California, The Park project is a perfect segue into the growing San Diego luxury condominium market,” said Brian Cahill, president of Balfour Beatty Construction’s Southwest Division. “This high-profile project represents the merging of modern architecture, sophisticated interior design and peerless views, while incorporating some of the highest quality finishes available in the market today. The finished product will serve as a centrepiece in the Bankers Hill community, and we are proud to participate in its development.”
The Park will feature numerous on-site amenities including a swimming pool and spa, a state-of-the-art fitness center and yoga studio, outdoor lounge areas with gas fire pits, and a well-appointed Club Room, complete with a gourmet kitchen for hosting and catering events. Designed by Dialog Design from Vancouver, Canada, the project is scheduled to break ground in September 2015 with project completion anticipated by June 2017.
About Balfour Beatty Construction US
An industry leader for more than 80 years, Balfour Beatty Construction US provides general contracting, at-risk construction management, and design-build services for a wide variety of markets, serving clients in both the public and private sectors. The company is the U.S. subsidiary of London-based Balfour Beatty plc (LSE: BBY), a leading international infrastructure group that finances, develops, builds and maintains complex building programs focused on social and commercial buildings, power and utility systems, and transportation. Consistently ranked among the nation’s largest building contractors, Balfour Beatty Construction Services US has been cited as a Top 10 Domestic Building Contractor and Top 10 Green Builder by Engineering News-Record. To learn more, visit www.balfourbeattyus.com or look for BalfourBeattyUS onFacebook, Twitter, and LinkedIn.
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