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Sunday, Feb 25, 2024

Transit-Oriented ‘Boutique’ Apartments Coming to North Park

North Park-based Malick Infill Development, in partnership with a pair of New Mexico companies, broke ground in mid-March on what the developers are calling “a boutique residential community.”

Named Oregon for its location at 250 Oregon St., the $35 million project at the southwest corner of El Cajon Boulevard and Oregon Street gets its boutique designation from the small size of its 94 apartments, which range from studios averaging 410 square feet, one-bedroom apartments averaging 593 square feet, and two-bedroom apartments of about 800 square feet, said Andrew Malick, founder and principal of Malick Infill Development.

Five apartments will be designated as affordable for people with annual incomes of 30% to 60% of the median income.

Malick is partnering with Titan Development and Thornburg Real Estate Ventures, both based in New Mexico.

Pie Shop Included

“This is my neighborhood. This project is halfway between my home and where my office is. I take a tremendous amount of pride in making sure we develop good projects in my neighborhood and I’m really excited to do this project in my backyard,” Malick said.

Oregon is Titan Development’s first project in San Diego.

“We are thrilled about our expansion to San Diego, a city that has long been an attractive and competitive real estate market, particularly as work-from-home flexibility has risen nationally,” said Ben Spencer, partner and principal of fund management at Titan.

Construction of the project is expected to finish by June 2023.

The six-story Oregon will have five floors of apartments above a ground floor parking garage with 28 parking spaces, Malick said.

The project is being built around an historic North Park restaurant, the Chicken Pie Shop.

“We’re helping them to do improvements, repainting the exterior,” Malick said. “We’re trying to improve the block together. We’re also looking at landscaping their property in the same style we’re using.”

Living Without a Car

To build a project as big as Oregon in North Park with so few parking spaces, the developers qualified for a density bonus that required the apartments to average no more than 600 square feet and be transit oriented, Malick said.

“We are on a bus rapid transit line. There are four bus stops that are within walking vicinity and we are next to the bike land that goes up Howard Avenue,” Malick said. “We’re trying to build a transit oriented development and keep the price point down for our tenants and one of the ways to do that is to give them the option not to buy a car.”

Monthly rents have yet to be determined.

“We are battling material costs right now. The market is in flux right now so it’s hard to set a rent yet,” Malick said. “Our goal is that middle income rent point. That’s the market we’re trying to serve, that middle-income renter.”

Adjacent to the North Park Water Tower and Community Park, the project also is near a supermarket and retail shops.

“If there’s anywhere you can live without a car, it’s here,” Malick said.

To encourage renters to get by without a car, Oregon will have a bike room with room for about 80 bicycles.

“We’re really trying to design around the idea that we’re going to have a lot of people that commute and get around on bikes,” Malick said, adding that the emerging popularity of electric bikes has made commuting by bicycle practical for more people.

“They’re so fun to ride, now they’ve got them so you can put a grocery cart on back,” Malick said.

Oregon also will have what Malick said was a transit-oriented lobby with bus routes marked on a wall display with a digital display noting the bus schedule for the nearest stop.

Big Feel

Malick in 2021 built a similar project called Parco in National City with 127 apartments and it proved highly successful, leasing up in a matter of weeks.

“Much like in National City, we’re trying to provide housing options,” Malick said of Oregon.

Although the apartments in Oregon are small, Malick said they feel bigger because they have ceilings that are 9 ½-feet tall, and most of the apartments have outdoor decks.

“We really think that we’ve optimized that 400-square-foot unit. We definitely took advantage of every square foot and made sure it went to use,” Malick said.

Project amenities include a fitness room, conference room and a rooftop deck that Malick said is “going to have really incredible views – you can see the water and the mountains to the east.”

Malick Infill Development

Founded: 2015

Founder and Principal: Andrew Malick

Headquarters: North Park

Business: real estate developer

Employees: Undisclosed

Website: www.malickinfill.com

Contact: info@malickinfill.com

Notable: Malick Infill Development focuses on transit-oriented projects in urban neighborhoods.


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