Clark Opens Pioneering Military Singles Property in San Diego
- Dec 23, 2008
At Naval Base San Diego, Clark Realty Capital and the Department of the Navy opened the doors of Pacific Beacon (pictured), the first of three 18-story luxury apartment buildings in the country’s first large-scale housing privatization initiative for unmarried military personnel.Open to service members ranking E4 (petty officer third class) and above, the privately owned and operated Pacific Beacon is intended to offer sailors a relaxed, upscale housing option with the convenience and security of an on-base location. Nearly 100 sailors moved in on the first day. Under a first-resident program, they were able to choose their own apartments, and most chose fully furnished units. The building features a hotel-style lobby, rooftop pool, fitness center and Wi-Fi café. “I am on the seventh floor in a corner unit with one bedroom facing the ocean and one facing downtown,” SKC (Chief Storekeeper) Abe Racela, was quoted in a prepared statement. “I’ve traveled extensively and stayed in many nice hotels, but I’ve never seen anything like what we have at Pacific Beacon.” The project is being developed through a public-private venture between the Department of the Navy and CRC. A series of focus groups with sailors helped point CRC toward a resort-style setting with high-end finishes and common areas conducive to relaxation and convenience. Construction began in January 2007, and an official ribbon-cutting ceremony is scheduled to take place in March 2009, following the project’s completion. An affiliate of the Clark Construction Group, the nation’s oldest and largest privately held general building contractor, Clark Realty Capital has participated in residential, office, retail and mixed-use developments with a total value of over $6.5 billion.