This article originally appeared in Our City San Diego
Press
Developer Obtains $12.7M in Financing for Point Loma Mixed-use Project
This article originally appeared in the San Diego Business Journal
Developer K&K Veritas LP has obtained approximately $12.7 million in construction financing for a planned new mixed-use luxury apartment community in San Diego’s Midway district in Point Loma, according to Holliday Fenoglio Fowler LP (HFF), which arranged the financing.
An HFF statement said the 81-unit apartment property, with 3,137 square feet of retail, is called Driftwood and is planned for a two-acre lot at the corner of Kemper and Kenyon streets. The developer is an affiliate of San Diego-based Veritas Urban Properties and Bishop & Co., with construction to be completed by locally based Murfey Construction.
An HFF debt placement team, led by Aldon Cole, Bryan Clark and Chris Collins, placed a two-year construction loan with Pacific Western Bank.
The three-story Driftwood will include a communal courtyard with a hot tub, barbecues, lounge areas and 109 parking stalls. The full development cost of the project was not disclosed.
Your Luxury Home Construction Timeline
This article originally appeared in the La Jolla Light.
It would be so much easier to go into any project knowing exactly how much time it will take to complete. For many people who are ready to build their luxury dream home, they want it ready yesterday, which is understandable. The construction process is long, it’s messy, it’s hard, and it is expensive. It can strain healthy relationships. But one thing your luxury home construction timeline won’t be is as precise as a Falcon 9 rocket landing.
That being said, you want a licensed and practiced professional working on your luxury dream home. Aside from being knowledgeable about what you’ll need during the planning phases, your highly experienced architect and builder will be able to give you an accurate general timeline because they know how to build luxury homes, all the ins and outs of what needs to be dealt with, and they have the teams on hand to actually do the work.
If you’re building your luxury home by using a personalized construction plan, your luxury home build might take anywhere between six to ten months to build. However, for a custom plan with many unique features and details, don’t be surprised if your build takes closer to a year or more to complete. It took three years to complete construction on Tom Brady and Giselle Bündchen’s 22,000 square foot mansion and moat and ball-inflation room. And while that was well before Brady had all that time off from work, he did probably have an experienced team working continuously on the project.
Your exact timeline will be dependent on the size of your home, as well as working around fine and specific detailing, i.e., do you want a mosaic-tile floor installed by hand? Do you have many unique angles? All custom designing will take extra time, as tiles or wood will need to be cut exactly to the shape they’re filling. There can always be delays in a project, but your builder should be able to give you a fairly accurate estimate up front.
So once you get through the concept and design phase, including planning, price estimation, value engineering, and evaluation, you and your team (including a designer, if you hire one), will move into the phase of purchasing materials.
Permits will be required before the process begins. Your builder will be able to walk you through all the specific needs required for your area and type of structure.
Then comes the budget approval and finalization, loan approval, and, at last, the construction phase begins. Often, your contractor will want to have another meeting to make sure everything is set to start smoothly.
One of the benefits of new construction is that you do not have to worry about the surprises you might find in a remodel (bad plumbing, mold, faulty wiring, etc.). There will be a geological survey to make sure that the foundations are solid, and your house is up to date on all the codes (especially the earthquake codes here in California).
Many construction companies will have a dedicated project manager keeping you up to date on all the developments throughout the construction process.
In Southern California, we have the benefit of being able to work year-round, with only a few stops because of significant rain. In freezing or near-freezing climates, you have to wait for warmer weather to pour the concrete foundations. While it takes about 27 days for the foundation to fully cure, framing can start two to three days after pouring, as it will take a long time (more than 27 days) for the structure to be heavy enough to require full concrete curing.
Inspections occur after each phase of the building process: after foundations are poured and cured, the complete rough framing and exterior drywall installation, after the rough plumbing and electrical and HVAC and all ductwork, after which the roofing goes in and the structure is considered “dried in.”
If you have lots of elaborate framing, including arches or vaulted ceilings, this will add to the timeline. But the bigger your builder’s company, then, technically, the more hands you will have on deck and the quicker the process will go.
Once the inspections for these have been conducted, the complete insulation and interior drywall installation and surfacing takes place, followed by the exterior finishes, such as stucco, plaster, or masonry. Next up in the process is the completion of interior trim, including windowsills, frames, moldings, doors, as well as the paving of walkways and driveways.
After this, all the hard surfaces go in. Here’s the fun part, where the structure starts to really look like the luxury home you’ve been dreaming of. Floors go in, as well as cabinets and countertops. Next up comes the installation of the mechanical and bathroom fixtures, and your electrical panel is completed.
Then, all the mirrors, doors, and extra fine detailing go in, followed by the cleanup.
During this phase, landscaping will also take place. You can decide whether you want to move in before the landscape and external details are completed, or whether you want to wait for all your external features to be completed before you move in. Keep in mind that even external work will be messy and likely increase the dust and dirt levels in your new home, especially if you are adding features such as outdoor rooms or a casita or solarium, or if you are adding features to a pool such as waterfalls, which will likely require tile- or stonecutting, which automatically equals mess.
The last requirement is the final inspection by a building code official, who will then fill out a certificate of occupancy. If the building code official finds anything wrong or missing during this final inspection, the builders will need to make any corrections and a final walk-through will need to be conducted before the certificate of occupancy is awarded.
To get started on your luxury home build or remodel project for 2017, or for any questions about the luxury home design and building process that our expert team can advise you on, contact us at www.murfeyconstruction.com.
Solana Beach Serenity
This article was originally featured in Ranch & Coast
A modern version of the quintessential beach cottage was designed by the team at Stephen Dalton Architects, who worked in tandem with the luxury custom estate builders at Murfey Construction to bring the homeowners’ vision to life in coastal Solana Beach.
Open-plan design is the over-arching theme of the interior, which embodies a white and grey color palette. The great room features the clean lines associated with simplicity and modernity. Kitchen cabinetry from Lecht, high-end European appliances, and polished concrete floors work together seamlessly to create a space for living and entertaining in a way where form truly meets function.
While the home is relatively modest in size at just under 2,000 square feet of living space, some of the key design elements work to bring the outdoors in, creating the illusion of a much larger home. Opposing La Cantina doors in the great room and bi-fold doors in the master bedroom extend the space onto well-appointed patios. The true star of the show, however, is a rooftop deck, where glass railings allow for unobstructed views of the ocean and California coastline. 858.459.6865, murfeyconstruction.com
Luxury Home Resolutions for 2017
This article originally appeared in The La Jolla Light
While many people are making up their list of resolutions for the New Year to include health, fitness, and variations of good behavior, the New Year marks a potential time to kick start your adventure to finally getting your new luxury dream home.
Here are a few things to consider for a remodel or construction project in the next year:
Think about your timeline. If you have never embarked on a renovation project, you’ll need to keep in mind that these projects will always take a little longer than expected. Plans will be made and revised, permits will be required, and then…there’s life. Even in Southern California, there can be sudden, unexpected weather changes, which can delay construction, or work or family matters can shift priorities and timelines. Then there are the unexpected developments that can happen during the construction or renovation project, ranging from old pipes that need replacing to an urgent geological reinforcement to a storm off Gibraltar that delays the shipment of your Italian marble by a month. This is why you always want to budget extra time into your construction timeline.
Also critical in the planning phase? Think about where you will live during the project, whether you are undertaking a full construction or a remodel. Will you need to sell a home before you move in? That is an important consideration as it is very ambitious, even among the most easy-going families, to live in a home while it is under renovation or construction. Families have been driven apart by far less. Even if a home is technically “habitable,” there will be fine dust, loud noises, and ongoing teams of workers who will need you to be out of the way. Large portions of the day may include shut off electricity and water. Remember: camping trips are fun because they’re short term. Construction is long term. Make sure you have a place to stay that is convenient for you and your family, either for getting to work, school, or sanity.
Next to consider: Purchase or remodel? Foremost, remember that location is the key to your home’s potential worth. Do you love the location of your current home? If you have school-aged children, how are the schools in that district? Is the neighborhood up-and-coming, or is it a neighborhood with an established identity, not likely to change much? Also, do you want beachfront or up in the hills, remote or in the middle of the action? Is your lifestyle more suited to a gated community, or do you want more suburban access? These will be among the most difficult decisions you make, as the structure and cosmetics of your build can still be altered during the early stages of the building process.
When you make your construction resolutions for the New Year, have a tentative move-in date in mind, but as a general guide. If a summer construction project would work best for you, know that you will want to start planning as early as January so that you can ensure your contractor and crew will be available. Remember, they may have other projects already lining up for the year, so you don’t want to wait until just before you think you might be ready to start your build. Even more important: you do not want to skimp on your architect or contractor, as each needs to be licensed professionals with plenty of experience in designing luxury homes. Also, architects and contractors experienced with building luxury homes may be able to help guide you through some of the decision making process; you want someone whom you trust to be honest with you. Yes, your luxury home should be your design; however, a great architect and contractor will tell you what works best and what doesn’t, helping you realize the best luxury home possible.
Do your research, check reviews, and even ask around in developments under construction.
Next month, I’ll start walking you through the phases of your luxury dream home building project and how to move forward with your resolutions, from the wish phase to construction.
If you’re ready to plan your luxury home build or remodel project for the New Year, or if you have questions about any part of the luxury home design and building process, contact us for expertise at www.murfeyconstruction.com.
Murfey Construction grows brand to become the Murfey Company
This article originally appeared in The La Jolla Light
Murfey Construction is well known in San Diego, particularly in La Jolla, for the seven-year-old company’s commercial and primarily residential building services, everything from general contracting to consulting. It’s also recognizable for its distinctive pelican logo and, of course, for that spelling of Murfey (for founders Scott and Russell Murfey).
Well, neither that name nor the pelican are going anywhere, but what Jesse Lyons, director of operations and marketing, calls a “brand expansion” will designate the parent company as Murfey Company. Divisions of Murfey Company, each offering their specific services, will have their own established brands: Murfey Construction (general contracting); Veritas Urban Properties (real estate development), BidRancher (software application development); and Murfey Management (property management). The idea, Lyons said, is “to encompass all the different activities and the brands we manage and those we hope to add.
“There are a number of things we do well. That’s the reason we wanted to create our parent company.” The other reason? To show that Murfey is a major player. “Our message is we’re a big company,” said Lyons, who came onboard at Murfey three years ago.
By any name, the company’s emphasis is on urban infill. “I think the No. 1 thing is we want to bring value to the community,” Lyons explained. “It’s really about taking a space that no one else wanted or could do anything with or which sat vacant for years, and turning it into something usable.”
One such project set for January, when ground will be broken, is the 78-unit, mixed-use Driftwood luxury apartment building in Point Loma in the Sports Arena (aka Valley View Casino Center) area on the corner of Kenyon and Kemper streets. Driftwood, Lyons said, is a perfect example of the kinds of space utilization projects that “provide valuable housing to San Diego, which is virtually starved for new apartments.”
Murfey Construction — or should we say Murfey Company? — is occupying a new residence itself, having recently relocated from Pacific Beach to the former Buffalo Breath costume store space in Old Town. Murfey today boasts 30-plus employees, with more than 40 years of combined industry experience.
In addition to the brand expansion and the development of residential properties like Driftwood in early 2017, there is plenty on the Murfey horizon. “We actually have a hotel division where we are working (on remodel projects) with some of the nation’s hotel chains,” Lyons said, “not just in California but in a couple of other states as well.”
But growing and improving communities through well-conceived projects remains at the top of the list. “We really see ourselves growing further as a trusted urban infill developer,” said Lyons. “We’re always looking for the unused pieces of dirt that are out there.”
— Murfey Construction, 2050 Hancock St., Suite B., San Diego (858) 459-6865. murfeyconstruction.com
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Noah Homes takes needed measure in new aging home facility
This article originally appeared in The Californian
The nation’s second memory care facility for adults with developmental disabilities diagnosed with aging issues such as Alzheimer’s was recently completed in Spring Valley. Noah Homes is to be credited for recognizing the need and completing the project. They held a ribbon cutting and ceremony to celebrate this momentous event on Nov. 3.
In front of an estimated crowd of 100 CEO of Noah Homes, Molly Nocon, welcomed local dignitaries such as County Supervisor Dianne Jacob, Dr. Michel Rafii director of the Adult Down Syndrome Clinic and Associate Professor of Neuro Sciences at U.C.S.D., and Mary Ball president and C.E.O. of the Alzheimer’s Association of San Diego/ Imperial County among many others.
“Almost all people with Down Syndrome will develop Alzheimer’s as they live into their 60’s – starting as early as their 40’s – and yet there are no homes specialized for their needs” said Nocon. Noah Homes addressed that need.
According to the National Down Syndrome Society one in every 691 babies are born with Down syndrome in the U.S. every year and there are approximately 400,000 people living with Down syndrome.
Nocon credited Dr. Michael Raffi with getting the ball rolling on the whole project but noted that local government, Noah Homes’ board of directors, and major donors like Peter Farrantelli and Kim Lauridsen were the force behind the project as well.
The two homes, named Casa de Amor and Casa de Lauridsen, are each 5,000 sq. ft. and will open in early 2017 and house 20 residents with 10 beds per house. All A.D.A. compliant with smart intel.
According to the National Down Syndrome Society one in every 691 babies born in the U.S. every year have Down syndrome and there are approximately 400,000 people living with Down syndrome in the U.S.
According to Noah Homes the estimated total cost is $6.7 million and is less than $1 million from being completely funded. A GoFundMe account has been set up to help raise additional funds at http://www.gofundme.com/NoahHomes.
“If they don’t die of something else they will develop Alzheimer’s,” doctors told Carol Dalseth, resident Mary Dalseth’s mother. Dalseth continued, “It means so much to us to not worry about her now.”
“You have to hand it to Noah Homes and Molly (Nocon) to promote and have the energy to complete the project” said Russ Murfey of Murfey Construction, “We see many projects that don’t have full support.” Murfey Construction paired with Noah Homes around two years ago on the project.
A blessing was given before the ceremony with the main message of “We ask that you bless these memory care homes – a place of care, love and compassion.”
Shape of Things to Come: Adaptive Reuse is Rethinking the Luxury Home
This article originally appeared on The La Jolla Light
A home building resurgence is underway in Southern California, especially of luxury homes. But limited space will make construction of new properties harder to come by, especially in desirable suburbs. But if you want your luxury home, you don’t have to wait for your perfect mansion in the hills or beach-front spread.
An increasing number of home buyers are turning the traditional style of homes on its head by re-envisioning the shape of luxury with adaptive reuse.
Urban renewal and renovation projects have given rise to visionary homeowners who are looking to revitalize old and historic buildings, adapting them and reusing them to make their luxury dream home.
From a 19th century tobacco and candy shop to water towers to an extreme case of Holmenkollen’s ski jump in Oslo, Norway, being converted into a home, adaptive reuse leads people to be creative with not only what can become a living space but how to make a luxurious living space from an industrial or unexpected structure.
Older buildings often used solid materials and were crafted, rather than thrown together. Many of these details are coveted now and can be put on full display in the repurposed luxury home. Peeling plaster can be redone or it can be polished, giving interior walls an aged, patina look, evocative of old Europe. Many of the original features of the structures are highlighted to give an aged look or industrial edge to the luxury dream home. Before, builders would deconstruct old barns to get the wood to floor or beam new construction with the already-weathered and worn wood; now, adaptive reuse means updating the barn itself.
So Southern California doesn’t have many barns. However, many urban areas have buildings no longer in use, and so factories can become single-unit dwellings or zoned for a luxury duplex, or even combined to be a home and an office (this seems to be a frequent occurrence among architects).
Most factories already have the desired open floor plan and plenty of windows to let in natural light, making a perfect skeleton for a large living room and dining room for entertaining, or a game room (or bowling alley?). And since the structure is already built (and usually, these preexisting structures are in solid shape, even if a little shabby), more of the focus of the homeowners can go into the personalizing details that will become the signature showpieces for any luxury dream home.
San Diego has in place ordinances for historic preservation and adaptive reuse and under the Mills Act offers property tax relief to rehabilitate and maintain what the city has designated a historical resource. These are rehabilitation tax credits, and overall, San Diego believes that preservation can increase property values while conserving resources and generating jobs—as well as heritage tourism.
If you’re on the lookout for an adaptive reuse location or are ready to plan your luxury home, contact us for expertise at www.murfeyconstruction.com.
VERITAS URBAN INVESTING IN REDEVELOPMENT OF HILLCREST AND POINT LOMA NEIGHBORHOODS
This article originally appeared on BISNOW
The City of San Diego is updating the Uptown Community Plan, a redevelopment district with six distinct neighborhoods and some of the highest allowable densities in the region outside of Downtown—up to 74 and 109 units/acre along transit corridors. The update, which will be considered by the City Council on Nov. 14, would provide an opportunity to build 9,500 additional units, the majority of which would involve vertical redevelopment in the Hillcrest Gateway district, Uptown’s commercial core just north of Downtown.
Bisnow caught up with Veritas Urban Properties principal Russ Murfey, who is among the developers presenting at Bisnow’s State of San Diego’s Multifamily Market event Oct. 19, to learn more about how this plan will impact multifamily developers.
Veritas Urban Properties is the real estate development arm of Murfey Co, a vertically integrated firm that handles everything from site acquisition, entitlements and investment capital through construction and ultimately property and asset management. “There’s a ton of opportunities for building new product in Hillcrest,” he tells us, suggesting redevelopment will involve replacing low-density housing with higher-density projects.
Russ, along with his business partner and brother Scott (pictured at right with Russ), recently completed the Crest Urban Apartments (below) at 4021 8th Ave in Hillcrest, a 36-unit project that replaced a 50-year-old, dilapidated apartment building with 22 units. This project, which is 100% leased, consists of 28 one-bedroom and eight two-bedroom units, ranging from 670 SF to 1,120 SF, and includes walk-in closets, storage and oversized decks, he says.
Russ says Veritas Urban is a long-term investor and builds urban infill projects that enhance or fit the character of neighborhoods where they’re located. “We generally include a small amount of retail in projects to activate the streetfront,” he says, “but that retail didn’t fit this location, and therefore is 100% residential.” The project is close to the commercial heart of Hillcrest and walking distance to Whole Foods, Trader Joe’s and restaurants along University Avenue.
“Retail has to have the right location to be successful,” Russ says. “We want to develop projects that create a sense of community, rather than just build units. For us, civic pride is important.” He says the ultimate goal is to create neighborhoods with lifestyle amenities, and in some cases, inspire neighborhood improvements in areas undergoing transition. Russ says Veritas Urban has built multiple new projects that served as catalysts for revitalization, causing other business owners on the street to upgrade their store façades.
“Hillcrest has always been a desirable area, but now is a hotspot for growth,” Russ says. “It has nightlife, museums, parks, restaurants and cultural amenities. It’s also centrally located to provide easy commute to work anywhere in the city and is close to the airport.” There are three hospitals and the 1,200-acre Balboa Park nearby.
One of the oldest urban parks in the nation, Balboa Park was the site of the first World’s Fair and includes open space, natural vegetation zones, green belts, gardens, walking paths, museums, several theaters, restaurants, community recreational facilities and the San Diego Zoo.
Veritas Urban is getting ready to break ground on Veritas Point Loma (below), an 82-unit mixed-use project in the Midway District of Point Loma, the second new multifamily project built in this area in 30 years. The company also built the first project here, the Famosa Townhomes (above), a nine-unit, luxury condo community with a retail space on the ground level occupied by The Coffee Bean & Tea Leaf. Both projects are within walking distance of restaurants and shopping areas.
This area is just beginning to undergo revitalization, but that will pick up speed when the San Diego Sport Arena’s lease with the city expires in 2020, Russ tells us. The city not only owns the land where the sports arena is located, but also the surrounding land occupied by businesses. As land leases expire, this whole area will be revitalized, changing the landscape of this up-and-coming coastal area dramatically, he says.
While there are plenty of opportunities to build multifamily projects in SD, Russ says financing is more challenging these days. “Due to the extreme decline in the last downturn, people are hesitant to put their necks on the line, but their concern may be a little premature,” he says. “There still is abundant capital available, but investors are being more selective. There’s a lot of new projects coming online, so investors are picking and choosing projects that fit their business plans.”
Hear more from Russ and other local multifamily experts at Bisnow’s State of San Diego’s Multifamily Market event Oct. 19, at 7:30am with breakfast and networking at the Westin San Diego Gaslamp Quarter 910 Broadway Circle.
El Cajon Blvd. revamp ramps up
This article originally appeared in the SD Reader
Business relocations and apartment projects
A couple of years ago the rundown section of El Cajon Boulevard in University Heights began a slow journey to rejuvenation. Construction crews have recently picked up the pace.
The largest residential project in the immediate area is BLVD, a mixed-use development at 2030 El Cajon Boulevard (at Florida Street). It was designed by FoundationForForm, also the architecture firm for Eitol, now under construction on University Avenue in Hillcrest.
Developer H.G. Fenton Co. came under fire last year from activists in the LGBT community and Save Our Heritage Organisation when the old Bernie Michels-Thom Carey house on the corner was demolished. The building included a space where activists in the early 1970s did initial planning for what was to eventually become The Center in Hillcrest.
BLVD will have 165 apartment units: 80 one-bedroom and 85 two-bedroom units, and about 4000 square feet of street-facing restaurant and retail space. A 30-unit building will be located in the back of the property. Fourteen units will be designated affordable. Completion is planned for spring 2018.
Exotic Gardens, a cactus-and-succulent business, was previously located at 2212 El Cajon Boulevard, across from the Lafayette Hotel. Now that location has a new apartment development owned by Exotic Gardens LP, to be built by Murfey Construction. Ben Longwell, vice president for leasing, acquisitions, and development at Boardwalk Development, Inc., is the project spokesperson. He said he couldn’t discuss details at this time.
Another apartment project is under construction at 2129 El Cajon Boulevard, between Monarch U-Haul and Pizzeria Luigi. Owned by the Evelyn El Cajon LLC, it will consist of four one-bedroom units and eight three-bedroom units, with 21 parking spaces. According to the City of San Diego’s Development Services Department, “the twelve units proposed on the 0.24-acre site create a density of 48 dwelling units per acre.” Murfey Construction is also the contractor.
Meanwhile, Awash Market & Ethiopian Restaurant is still slated to take over a former storefront-church at 2104 El Cajon Boulevard. The grocery/eatery is currently at 2884 El Cajon Boulevard in North Park. The ownership plans to be in the new location by early 2017.
The newest business in the area is a Dunn-Edwards Paints outlet at the former Blockbuster Video location (2011 El Cajon Boulevard). After Blockbuster closed, the building had been graffiti-tagged constantly and was often a homeless hangout.
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