501-511 F StreetSan Diego, CA The William Penn
This iconic historic building is located in the heart of the Gaslamp Quarter in downtown San Diego. The mixed-use building was a prime candidate for repositioning with all 18 apartment units in need of an upgrade and a commercial vacancy on the ground floor to be filled along the high foot traffic nightlife corridor of Fifth Street. Maxxam pursued a full-scale
renovation throughout the building, upgrading the kitchens and bathrooms with state-of-the-art appliances and finishes. Upon completion of the project, all the residential units were successfully leased at market rent levels, and the commercial space was leased to a popular Mexican restaurant.
Landmark located in the heart of the Gaslamp Quarter in downtown San Diego
30,400 total square feet including 18 residential units and approx. 11,000 SF of commercial space
Built in 1913 / Renovated in 2016