CEDARst Cos., a national multifamily developer and operator, has broken ground on The Lawson, a mixed-income multifamily community in San Diego’s South Park neighborhood. The $89 million, eight-story development, which is slated for completion in November 2027, will comprise 180 units—51% priced at affordable housing levels and 49% at market-rate.
The Lawson, which is located two blocks from Balboa Park, is among six active or planned developments in CEDARst’s growing local pipeline. It follows on the delivery of The Nash in University Heights, which was completed in May 2024 and marked the company’s first San Diego development.
“This project represents a meaningful continuation of our investment in San Diego,” said CEO and managing partner Will Murphy. “With The Lawson, we’re bringing attainable housing to a centrally located neighborhood, while working closely with the community to ensure the design and scale reflect the local context.”
CEDARst is partnering with Bridge Investment Group on the development for their fourth collaboration. The Lawson also is part of CEDARst’s nationwide portfolio of Qualified Opportunity Zone (QOZ) developments—its ninth to date—and its opportunistic investment strategy. CEDARst is engaged in various stages of planning, development, construction, or management, of QOZ developments totaling $500 million and 1,600 units in Chicago, Las Vegas, San Diego, and South Florida.
Partners on The Lawson include architect AC Martin and general contractor Rockwood Construction. Floor plans will range from studios to two-bedrooms. Amenities will include a wellness facility with a hot tub, a cold plunge, and a sauna; a two-story fitness center; a rooftop decks offering sweeping views of the San Diego Bay and skyline; and 149 on-site parking stalls.