Oceanside CA— Ryan Companies US, Inc. has broken ground on the second phase of the Pierside mixed-use, retail and multi-family housing development in Downtown Oceanside, Pierside South. The site is being built at the southwest corner of Cleveland Street and Mission Avenue. Located just steps from Pacific Ocean and the Oceanside Pier, the seven story structure features 110 apartments, subterranean parking, street level retail suites and similar amenities to the newly completed Pierside North apartments, also built by Ryan Companies.
The mixed-use project is part of the long-planned transformation of the seaside hub into a resort area with hotels, restaurants and multi-story high-end apartment buildings. Additional nearby blocks have also undergone a similar transformation. This is the third full block Ryan Companies has built out on behalf of the project owner, having completed the 150-key Springhill Suites on the block directly west of Pierside South in 2014.
“The response to the first phase of Pierside has been remarkable and our team is excited to begin this next phase,” said Chris Wood, President of Ryan Companies West Region. “To be able to further expand on the offering of apartment living with exceptional amenities, beautiful views and ideal transit oriented proximity speaks to the very essence of our goals in building properties where people and community thrive.”
Both Pierside North and Pierside South projects are design-build projects by Ryan Companies, developed and owned by GF Property Group and managed by Greystar. Pierside South is located on a former parking lot at the intersection of Mission Avenue and South Cleveland Avenue. What was once a railroad yard turned parking lot, the new urban dwelling speaks to the growth Downtown Oceanside has seen over the last several years. With new shops, restaurants and retail the draw of local residents is reaching an all-time high.
“Adding more retail stores, restaurants and residents will boost all downtown businesses”, said Brian Mulvany, vice president of GF Properties, “It brings more people to that area, not just tourists. Having people living there permanently will help liven up the area.”
The development includes 110 studio, one and two bedroom apartments, 12,140 square feet of retail space at street level and 15,011 square feet of residential amenities including an outdoor pool, fitness center, courtyards and club rooms and a three level 250 stall parking ramp. The pool will be located on the third level and patio located on the rooftop.
The recently completed four-story Pierside North apartment’s project currently has 10 of its 66 units left for lease. Pierside South is expected to open in late 2018.
About Ryan Companies US, Inc.
Founded in 1938, Ryan Companies offers comprehensive commercial real estate services as a national developer, architect, builder, capital investment consultant, and real estate manager. Ryan’s market depth includes retail, industrial, healthcare, and senior living, with development and corporate build-to-suit work spanning office, mixed-use, hospitality, multifamily housing and mission critical facilities. With a focus on bringing lasting value to its customers and the communities in which it works, Ryan has nearly 1,300 employees in 13 offices and has completed projects in 40 states. For more information, visit ryancompanies.com.