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CEDARst starts construction on 197-unit multifamily in San Diego

The project, named The Samuel, is backed by an $80.0 million construction loan and is expected to finish in September 2028.

Reported · Written up by our desk · Industrial & Land

CEDARst Companies has closed on construction financing and begun construction on The Samuel, a 197-unit multifamily development at Adams Avenue and Idaho Street in San Diego’s North Park neighborhood, according to ConnectCRE.

CrossHarbor Capital Partners provided the $80.0 million construction loan, while JLL Capital Markets arranged the financing, with Zach Kersten leading the effort. KPRS Construction Services will serve as the general contractor.

The development will include 189 parking spaces and a full suite of resident amenities. CEDARst said the project reflects its focus on amenity-forward housing in an infill location, and it expects a September 2028 completion date.

ConnectCRE also noted The Samuel adds to four other CEDARst projects under development in San Diego, plus one stabilized asset.

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