Laurel Bay

Project Description:
Laurel Bay is a 150-unit condo conversion in San Diego. The project is a four-story wood-framed building over a common parking garage. Additional amenities include a TV and billiard room, pool, fitness room, and club house. The project also benefits from ground level retail, including a Starbucks, drycleaner, restaurant, convenience store, and postal supply store. Douglas Wilson Companies has been retained to take over the day-to-day management of the project, handle the sales and marketing, and consult with the HOA. The borrower/developer remains responsible for the HOA until it is turnover to the home owners.