Toll Brothers, PGIM Unveil San Diego High-Rise
The luxury tower marks the Toll Brothers Apartment Living's first multifamily project in the city.
Joint venture partners Toll Brothers Apartment Living and PGIM Real Estate have opened The Lindley, a luxury high-rise community in San Diego, Calif. The Lindley marks the Toll Brothers Apartment Living’s first multifamily community in the city.
Situated at 1331 Columbia St. in the center of San Diego’s Little Italy enclave, The Lindley rises 37 stories. The community offers studio, one- and two-bedroom apartment homes, as well as penthouses. It is a LEED Gold Certified project.
Features and finishes of the apartments include floor-to-ceiling windows with roller shades, custom cabinetry with undermount lighting and oversized closets with custom organizers. The homes also feature smart home technology including smart thermostats and keyless entry as well as private balconies with panoramas of the downtown skyline and San Diego Bay.
Community amenities include a sky lounge with a grand piano, a billiards and card room with a wine bar, a pet spa and an outdoor pet park, and a concierge. Wellness-focused amenities include a cold plunge, private massage rooms and studios for meditation. Electric vehicle charging stations and access-controlled bike storage amenities area also available.
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Residents of The Lindley will find top job centers, acclaimed restaurants, boutique shopping and waterfront parks nearby. The highly walkable location delivers easy access to downtown and the Gaslamp District, known for Victorian Era landmarks converted into museums, hotels, eateries and galleries.
Also within easy reach is the Embarcadero, a scenic district fronting San Diego Bay and providing a blend of maritime lore, dining and entertainment. In addition, the Lindley provides almost 10,600 square feet of ground-floor retail space.
Toll Brothers Inc. and PGIM Real Estate secured a $187 million construction loan facility for the project in 2022. The joint venture landed the financing from Wells Fargo and BNY Mellon. Joseph Wong Design Associates designed the property.
The Lindley represents Toll Brothers Apartment Living’s third apartment community in California, following the Rafferty in Santa Ana and Cameo in Orange.
The multifamily market in San Diego ended the third quarter of 2024 on a lower note with advertised asking rents down 0.2 percent on a trailing three-month basis to $2,728. Yet, this stood signifcantly higher than the national average for the quarter at $1,750. The city’s occupancy rate also declined year-over-year in September, but still outperformed the national figure.
