Luxury apartments are coming to Hillcrest. San Diego-based SENTRE has purchased the 80-room Sommerset Suites Hotel on Washington Street for $19.5 million with plans to convert it back into its original apartment design.
SENTRE will rebrand the property as “The Whitson” (www.thewhitson.com), paying homage to William Wesley Whitson, the 1908 founder of the Hillcrest Company, principal developer of the Hillcrest neighborhood.
“The Whitson will offer an upscale living experience featuring modern amenities with a vintage flair,” according to the Whitson website. “When the transformation is complete in summer 2017, residents will enjoy a reimagined indoor-outdoor social lounge, hotel-style pool and sun deck, new state-of-the-art onsite fitness center, and luxuriously reappointed unit interiors.”
Studios will rent from $1,750 to $1,850 per month, while one-bedroom apartments will rent from $2,100 to $2,300 a month.
The property at 606 Washington St. was originally built in 1986 as an 81-unit apartment community, but has been operating as a hotel for the past 20 years.
“With San Diegans increasingly searching for high quality, amenity-rich, and centrally located places to live, we saw an opportunity to return the property to its original apartment use, creating a perfect addition to our growing ‘SENTRE Living’ portfolio,” said Doug Arthur, SENTRE president and CEO.
San Diego architectural firm Carrier Johnson + CULTURE is designing the project. Arthur said SENTRE plans on investing more than $3 million to create a reimagined indoor-outdoor social lounge, hotel-style pool and sun deck, new fitness denter and “luxuriously reappointed unit interiors.
The purchase isSENTRE’s seventh San Diego multi-family acquisition in the past five years. In 2014, SENTRE acquired the 90-unit The Barcelona in Bankers Hill, which is currently undergoing a renovation of both unit interiors and amenity spaces.
HFF represented both the buyer and seller in the sale transaction. Cannon Constructors and B&G Consultants are leading the construction efforts.