MDG – Spring Canyon Road Apartment Complex – California - Project Profile
"MDG – Spring Canyon Road Apartment Complex – California - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Monarch Development Group LLC (MDG) is planning to build a residential complex in San Diego, California, the US.
The project involves the construction of 264-unit apartment complex with 27,870m2 area. It includes the construction of 185m2 retail space, a 371m2 educational lab, a community center, 476 parking spaces and related facilities.
In September 2015, The San Diego school board was set to vote on leasing the property to MDG.
In January 2016, SDUSD school board voted in favour of the apartment complex plan.
The project is facing opposition from the local residents.
Subject to approval, SDUSD will make a 66-year lease agreement with MDG with one-time payment of US$3.7 million and about $400,000 in annual revenue that will be adjusted by the Consumer Price Index over time.
The project involves the construction of 264-unit apartment complex with 27,870m2 area in San Diego, California, the US.