SAN DIEGO, Jan. 12, 2024 /PRNewswire/ — Last month, San Diego-headquartered residential developer Liberty National Corporation completed the purchase of a property in Downtown San Diego with the intention of redeveloping the site into a residential tower. Located at 1520 and 1532 3rd Avenue, the property is at the northwest corner of 3rd Avenue and Beech Street in the Cortez Hill neighborhood, one of the most architecturally historic neighborhoods in San Diego. Liberty National acquired the property due to its prime location with convenient access to many of the city’s top attractions, such as the 1,200-acre urban oasis Balboa Park, the retail and nightlife of Little Italy, and San Diego’s Bayfront offering leisure amenities and office space.
Liberty National purchased the 22,484-square-foot property (almost one-half block) on December 6, 2023. The developer plans to build a high-rise, multi-family community on the site, including a selection of much-needed affordable homes. The property is directly across the street from the historic St. Joseph Cathedral, founded in 1874 and celebrating its 150th anniversary this year.
Mark Schmidt, Founder of Liberty National Corporation, states, “This property was appealing for many reasons, including easy access to Downtown amenities and a significant opportunity for revitalization and additional housing.”
About Liberty National Corporation
Liberty National is a multi-family residential developer based in San Diego, CA. The company specializes in site acquisition, entitlements, design, and development. The company is a long-term investor in its communities, choosing to retain many of the assets in its portfolio from the ground-up to the present day. The company ensures that all properties are built to the highest standards. Liberty National currently has properties in planning and development in multiple states. For more information, visit: libertync.com.
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SOURCE Liberty National Corporation
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