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San Diego
Wednesday, May 29, 2024
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$200M National City Apartment Tower Coming

REAL ESTATE: Mirka Investments Partnering with SD’s MAAC

Construction is tentatively set to start later this year or in early 2024 on a $200 million apartment tower in downtown National City to be built by Mirka Investments in partnership with San Diego’s MAAC project.

Designed by Joseph Wong Design Associates, the 22-story Azuriik on Roosevelt Avenue between East 2nd Street and East 3rd Street would be one of the tallest buildings in South County, with high visibility from Interstate 5 which is adjacent to the site.

Kursat Misirlioglu 
CEO 
Mirka Investments

“It’s one of the first if not the very first high-rise, high-density projects right by the freeway,” said Kursat Misirlioghi, CEO of Mirka Investments based in downtown San Diego. “

Suffolk is the general contractor.

The 240-foot-tall Azuriik is designed to be primarily clad in a glass curtain wall and metal paneling, as described by Joseph Wong Design Associates (JWDA) .

Paneling color and orientation is designed to accentuate the approximate building height and features building projections and roof overhangs, according to JWDA.

“We want it to be a very beautiful building and really add to National City,” Misirlioghi said. “It’s layered out. It’s tall but it’s pretty attractive.”

Child Care and Preschool Included

The apartments would be earmarked for tenants with annual incomes ranging from 30% to 80% of the Area Median Income (AMI), according to Jeremy Kravetz, project manager of Mirka Investments.

For San Diego County, the income range would be from $27,350 to $54,600 for one person and from $39,500 to $78,061 for a four-person household.

Jeremy Kravetz 
Project Manager 
Mirka Investments

Monthly rents would tentatively range from $393 to $1,192, Kravetz said, adding that likely tenants would be “people who have decent jobs but whose incomes are relatively low.”

The project would have up to 10,000 square feet of space for childcare and preschool programs that would serve 200 children.

Other indoor amenities would include a business center, community room with a kitchen, and an exercise room.

Exterior amenities would include an outdoor courtyard and picnic area, a playground, vegetable garden, ping pong table, foosball table, 20 bicycle spaces and 211 parking spaces in a combination of on-grade and subterranean garages.

Once construction starts, the project will take about 24 months to complete, Misirlioghi said.

The site is along the Bayshore Bikeway and near transit.

“We’re encouraging people to use public transportation, bus or walk,” Misirlioghi said.

Azuriik is one of several affordable housing projects by Mirka Investments and its biggest project to date, Misirlioghi said.

Mirka Investments in partnership with Hunt Capital Partners of Los Angeles in December broke ground for Vista Lane Family Homes, a $70 million apartment complex in San Ysidro.

The four-story San Ysidro project will have a total of 167 apartments in a mix of studio, one-bedroom, two-bedroom, and three-bedroom units ranging from 572 square feet to 1,100 square feet, Misirlioglu said.

Mirka’s southern California projects include CBA Senior Garden in downtown San Diego with 45 apartments, and Valencia Pointe in Southeast San Diego with 102 apartments.

Other projects that Misirlioglu said that Mirka has been involved in beyond San Diego County include Hollies Hotel with 59 apartments in Calexico,  Worthington Luna with 66 apartments in Imperial, Worthington Del with 48 apartments in Imperial, and Pico Gramercy with 49 apartments in Los Angeles’ Korea Town.

Misirlioglu said that the company also served as development consultants on St. Stephens Retirement Center in Encanto and Villa Lakeshore in Lakeshore.

Mirka Investments, LLC

Founded: 2018
Founder and CEO: Kursat Misirlioglu
Headquarters: Downtown San Diego
Business: Affordable housing development
Employees: 10
Website:    www.mirkainvest.com
Contact: 619-323-1447
Notable: Mirka Investments has developed multiple affordable housing projects in Southern California, concentrating on communities within San Diego County.

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