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The Ivy Multifamily Development Site Sold in Historic Escondido

5/18/2020
SAN DIEGO, Calif., May 18, 2020 – Cushman & Wakefield announced today the firm has brokered the sale of The Ivy, a proposed multifamily development site in downtown Escondido (San Diego), California

The Ivy RenderingFully entitled, The Ivy is anticipated to consist of 127 new residential units comprising studio-, one- and two-bedroom units, plus basement and main level parking.

MAAC Ivy LLC acquired the entitled 1-acre site desirably located in the city’s historic district from Touchstone MF Fund I LLC. Matt Davis and Terry Jackson of Cushman & Wakefield’s Land Advisory Group in San Diego represented the seller in the transaction.

Kerry Garza, Touchstone MF Fund, said, “Four years ago we created a bold vision to help revitalize downtown Escondido by bringing much needed housing. We worked diligently with City of Escondido to create a welcomed addition to the downtown residential inventory and are excited to now see it completed through the intended efforts of the Buyer.”

Located at 343 E. 2nd Avenue, the new multifamily project will offer many on-site amenities, plus views of the city. The location is also within walking distance to many local amenities and public transportation services. It is just mile and a half from Interstate 15, with major employment centers also just a short commute.

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

Contact/Author

Joshua Deale San Diego Communications Manager
Joshua Deale

Communications Manager • Costa Mesa

Mr. Deale leads strategic media relations and thought leadership efforts for the West Region markets, and oversees their online presence including managing article and social media efforts.

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