The Richman Group Launches Luxury Apartment Brand
Greenwich, CT-based The Richman Group, one of the nation’s largest residential real estate investment and management firms, has launched Richman Signature Properties. The new division will develop, build and manage a luxury residential apartment brand in key US markets, which includes six San Diego properties. The new brand seeks to reimagine rental living, emphasizing individuality, social connectivity, preferred signature amenities and a resident-focused culture.
Two Downtown San Diego projects are among the first of 15 Signature properties opening over the next two years. This includes the 22-story Library Tower (above), a mixed-use project at 330 13th St in East Village across the street from the new Downtown library.
The other is F11 (above), a seven-story, mixed-use project on F Street between 11th Avenue and Park Boulevard. Library Tower includes 226 apartments and 7k SF of retail, while F11 has 99 residential units and 5,800 SF of retail. F11 is under construction, and the Library Tower is expected to break ground this summer.
“We identified a major opportunity to respond to the current real estate market’s compelling demand for luxury rental properties by creating more than just a temporary living space for renters. We wanted to create a home," says The Richman Group chairman Richard Richman.
The Richman Group Development Corp president Kristin Miller notes Signature collection properties are designed to appeal to Millennials and Gen-Xers seeking flexibility, choice and convenience, along with services and luxury amenities that enhance their lifestyle.
