Canter Companies Acquires Development Property in Exclusive La Jolla Neighborhood

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CANTER COMPANIES ACQUIRES DEVELOPMENT PROPERTY IN EXCLUSIVE LA JOLLA NEIGHBORHOOD

Original 1950’s home in Bird Rock will be replaced with luxury residence with panoramic ocean views

San Diego, CA – Canter Companies, a private investment firm focusing on development and real estate, is pleased to announce the acquisition of a much sought-after property in the Bird Rock neighborhood of La Jolla. Positioned one block away from Windansea Beach, the original 1950’s home is set in an optimal location. The ranch-style, single-family residence currently stands at 1,500 square feet. Canter Development is currently in the permitting process to replace the home with a modern 3,000 ft luxury residence that will offer sweeping ocean views.

Through its extensive neighborhood presence, Canter Companies was able to identify and acquire this unique asset in one of the most competitive markets for new development opportunities. The Bird Rock neighborhood west of La Jolla Blvd has gone through extensive gentrification in the past decade and, as a result, there are very few original structures with value-add potential left. La Jolla as a whole has also seen a strong resurgence in pricing and demand since the recession of the late 2000’s which affords this opportunity a significant value upside.

The La Jolla property is one of four major development projects that Canter Companies has recently undertaken throughout the San Diego area including a ten unit infill development in Little Italy, a 4,000 square foot spec home in Carmel Valley, as well as a single-family infill project in Hillcrest.

For more information, please contact Jenna Balegno, jenna@cantercompanies.com

About Canter Companies
Canter Companies is a full-service, private investment firm based in San Diego, CA specializing in real estate ventures. Their vertically integrated structure includes development, capital, and wealth management divisions as well as an established real estate brokerage. Canter Companies has the ability to offer comprehensive services, overseeing the entire life cycle of a project through acquisition, funding, development, and sales. For more information, please visit www.cantercompanies.com.

 

Downtown

655 West Broadway
Suite 1650
San Diego, CA 92101
T: 619.546.0973

Bird Rock

5623 La Jolla Blvd
La Jolla, CA 92037
T: 858.729.9943
cantercompanies.com/bird-rock

La Jolla

7825 Fay Avenue, Suite 140
La Jolla, CA 92037
T. 858.454.2238
canterlajolla.com

Encinitas

90 North Coast Highway 101, #211
Encinitas, CA 92024
T: 760.230.1513
canterencinitas.com