The Savory Group is pleased to present the opportunity to acquire a mixed use development site located in the center of Hillcrest, San Diego California. This landmark development opportunity has been long anticipated by the community. Currently zoned at a minimum CC3-9 which equals 109 dwelling units per acre, with up to a 50% density bonus for affordable housing, with no height restrictions subject to discretionary review above 65 feet *ALL SUBJECT TO CHANGE INCREASE IN DENSITY UP TO 218 DWELLINGS PER ACRE WITH THE COMPLETION OF THE SPECIFIC PLAN TENTATIVELY DUE MID-2018. The Pernicano' s family is marketing this property it in an effort to find a buyer who understands the Uptown Community Design Element and will work with the community planning group and local residents to create a mixed use development that blends well with Hillcrest and serves the nearby hospitals.
Hillcrest is a small and affluent neighborhood in San Diego, Ca northwest of Balboa Park and south of Mission Valley. Hillcrest is known for its "tolerance and acceptance," its gender diversity, and numerous locally owned businesses, including restaurants, cafés, bars, clubs, trendy thrift-stores, and other independent specialty stores. Hillcrest has a high population density compared to many other neighborhoods in San Diego, and it has a large and active lesbian, gay, bisexual and transgender (LGBT) community.
Hillcrest is an older neighborhood which has gone through gentrification. Many streets are lined with trees. There are Craftsman homes and Mid-Century modern apartment buildings.
The neighborhood is bound by Mission Hills to the northwest, Bankers Hill and Balboa Park to the south, University Heights to the north, and North Park to the east. A large ridge overlooking San Diego Bay borders the neighborhood to the west. Hillcrest is part of the Uptown community planning area, which consists of the neighborhoods of Mission Hills, Hillcrest, Bankers Hill, Park West, and University Heights.