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Client
Carleton Management
year of completion
2012
TBD
Case Study

3940 5th Avenue

Description

Completed in 2012, 3940 5th Avenue is a ground-up urban infill retail development located in San Diego, CA. Originally a 13,000 sf site with low rise office buildings and on-grade parking, the site was redeveloped into 2 modern 5,000 square foot stand-alone restaurant buildings.  Bishop Ventures was retained by Carleton Management to provide 3rd party development management services from development concept through completion.

Challenges

Modeling a financially feasible retail development project in an urban infill location in a challenging leasing and lending environment (2009), fast-tracked construction process, electric transformer relocation, and major infrastructure improvements required in the streets.

Results

Through sophisticated 3D modeling and aggressive marketing, the project was 100% preleased prior to construction commencing. The fast-tracked development was constructed on schedule and 3% under budget.

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