Bancroft

Bancroft San Diego is an 8-story, $106 million multifamily development at 3760 Bancroft Street in the heart of North Park, set to bring 218 new homes to the area. Completion is expected in December 2027. Bancroft is the latest project from Cedar Street Companies and Quartz Lake Capital, a joint venture focused on building high-quality housing in some of San Diego’s most vibrant neighborhoods.

Designed by local architecture firm JWDA Architects, the eight-story building will include a mix of 76 studios, 121 one-bedroom apartments, and 21 two-bedroom units, along with 16 deed-restricted homes designated for low-income residents. The goal is to add density while keeping housing accessible in a neighborhood that continues to grow in demand.

Residents will have access to 193 parking spaces and a wide range of amenities, including a resort-style pool with a TV wall, a hot tub, fitness center, resident lounge, grilling areas, a movie theater, a golf simulator, and dedicated coworking and remote-work spaces. The project also includes just over 3,000 square feet of ground-floor retail, adding to the neighborhood’s already active street life. Bancroft is just four blocks from University Avenue and 30th Street — the cultural crossroads of North Park, and the site boasts a walk score of 95, making it one of the most walkable areas in the city.

The land for the project was acquired from North Park Baptist Church, located directly across the street. Over time, the church had assembled six individual lots, which now come together to make room for this new development. Suffolk Construction joins JWDA Architects as part of the broader development team.

Bancroft San Diego follows the joint venture’s previously announced FLATs Hillcrest project, a $145 million, 301-unit development nearby, and reflects a consistent approach to thoughtful urban infill.