UCSD buys $42 million apartment building in San Diego’s East Village

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UC San Diego has purchased a $42 million apartment complex near a Blue Line light rail station in downtown San Diego that is intended for use by faculty and staff traveling to campus main in La Jolla and at the UC San Diego Medical Center in Hillcrest.

Construction of the eight-story Framework Building, located at the corner of 13th and F streets, two blocks from where UCSD opened its Park & ​​Market education and entertainment center in May , recently ended.

“Some faculty and staff are having great difficulty finding housing, especially in neighborhoods with access to public transit options…,” the university said in an email from campus, explaining the purchase.

UCSD said the building’s 87 fully furnished studios range in size from 317 square feet to 502 square feet, with starting monthly rents ranging from $1,975 to $2,675.

The purchase represents a southward expansion of the university, which is experiencing overcrowding in La Jolla, where the fall term began with nearly 43,000 students, a record.

UCSD also recently confirmed that it is considering purchasing a 6.57-acre parcel of land in the Mission Bay area, also located near a Blue Line station. The parcel, located at 2111 Morena Blvd., is currently occupied by housing and a car dealership. But the land has the potential to become a site for university accommodation.

Rich Leib of San Diego, chairman of the University of California board of trustees, urged UCSD to create a satellite campus in Chula Vista to serve the 525,000 people who live in South County.

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