THE OBELISK ON 5TH
THE OBELISK ON 5TH modern multifamily living on cortez hill, san diego 5th avenue, cortez hill Architect: Carrier Johnson ArchitectsDeveloper: ELDA Developments The Obelisk on 5th, Cortez Hill. A luxurious development permitted with 135 units ranging from one bedroom to three bedrooms and 28 floors plus an additional 3 levels of parking. A high-end residential complex offering serviced residences, an array of condos, a high-end restaurant, and luxurious amenities. Designed by Carrier Johnson. Rising elegantly from the historic Cortez Hill neighborhood, The Obelisk on 5th stands as San Diego’s premier luxury residential development. This architectural masterpiece, designed by the renowned firm Carrier Johnson, soars 28 stories into the skyline, offering 135 meticulously crafted residences ranging from sophisticated one-bedroom units to expansive three-bedroom homes and penthouses. Residents enjoy unparalleled convenience with three dedicated levels of parking and exclusive access to world-class amenities including a signature high-end restaurant, creating a seamless connection between sophisticated urban living and San Diego’s vibrant culinary scene. “The Obelisk on 5th represents the pinnacle of contemporary luxury living, where exceptional design meets unmatched service in one of San Diego’s most coveted locations.” Ahmed Eldahmy, CEO, ELDA Developments project highlights Edit Key Metric Details Project Name The Obelisk on 5th Location Cortez Hill Product Type Mixed use Multifamily Highrise Stories 28 Total Units 139 Gross Floor Area 250,000 buildable sft Max FAR N/A Unit Mix 1BR 2BD 3BD Penthouses, Commercial spaces Lot Size 20,000 sqft Height Approvals FAA Max: 290’ Status (Under Design) Parking (5-story parking along with stickered electronic parking technology ) Estimated Rents Condos for Sale Estimated Completion Projected Completion 3/2028 Leasing Start Date Sale start Date 6/26 Construction Start 6/2026 Team & Strategic Partners Edit Organization Role ELDA Developments Developer Carrier Johnson Architecture & Design CIM Inc. PR Public Relations
CELINE RESIDENCES
CÉLINE Residences Modern Multifamily Living in the Heart of San Diego video tour Columbia Street, middletown Architect: Dahlin Group Architecture PlanningDeveloper: ELDA Developments CELINE RESIDENCES, MIDDLETOWN. Luxury modern living near MISSION HILLS. Adevelopment permitted with 161 Units / 14 stories, ranging from studios to penthouses.A high-end residential complex offering serviced residences, an array of apartments,and luxurious amenities. Designed by Dahlin Architects. Thoughtful Design, Inspired Living CÉLINE Residences reimagines everyday living with purposefully designed spaces that blend style and function. Studio units feature convertible cabinetry to maximize flexibility, while one- and two-bedroom residences offer optional finish upgrades in warm, modern tones. Crowned by top-floor penthouses with panoramic city and bay views, each unit reflects a commitment to quality craftsmanship. Interior palettes layer deep ocean blues, lush greens, soft arches, and a refined mix of Art Deco and Craftsman design elements. “CÉLINE is more than a multifamily development—it’s a curated living experience rooted in craftsmanship, community, and connection. We are proud to bring this iconic project to life.” Ahmed Eldahmy, CEO, ELDA Developments Lifestyle Amenities That Elevate More than just a place to live, CÉLINE offers residents a fully integrated lifestyle. A rooftop pool deck and lounge provide sweeping views of downtown and the bay, while a state-of-the-art fitness center, wellness spaces, and co-working lounges cater to today’s active, connected professionals. Smart-home integrations, concierge services, and a pet-friendly environment round out the amenity suite, creating a seamless balance of comfort, technology, and convenience. Location. Connection. Opportunity. Strategically located near San Diego’s most iconic destinations—Balboa Park, Fashion Valley, the Gaslamp Quarter, Old Town, and the San Diego International Airport—CÉLINE sits at the heart of it all. Within walking distance, residents enjoy boutique dining spots like Blue Water Seafood, Gelato Vero, and Saffron Thai. Backed by strong demographic fundamentals—64% renter-occupied households, a predominantly white-collar population, and average incomes over $100K—CÉLINE is positioned to meet the lifestyle demands of a new generation while offering long-term investment value in one of the region’s most sought-after neighborhoods.
COLUMBIA STUDIOS
COLUMBIA STUDIOS Modern Studios in the Heart of San Diego bankers hill, san diego Developer: ELDA Developments Columbia Studios, Bankers Hill. A 9 unit / 3 story ADU development permittedwith 3 ADA-compliant studio units on the first level and 3 additional studios on each ofthe second and third levels. Columbia Studios offers a rare opportunity to experience innovative urban living in San Diego’s prestigious Bankers Hill neighborhood. This boutique residential property features nine thoughtfully designed micro-units that maximize functionality and comfort while maintaining an intimate community atmosphere. Completed in March 2025, this three-story development showcases creative space optimization throughout its approximately 11,000 square feet. Each studio apartment is efficiently designed to provide all the essentials of modern, affordable living. The property’s strategic location in Bankers Hill offers residents convenient access to downtown San Diego, Balboa Park, and numerous dining and entertainment options. Now leasing, Columbia Studios presents an ideal opportunity for urban professionals seeking an efficient, well-located living space in one of San Diego’s most desirable neighborhoods. “Microunit developments represent a practical and immediate solution to California’s critical housing crisis. Our microunit project, Columbia Studios, in Bankers Hill demonstrates its viability and market acceptance. With additional developments currently underway, we’re actively contributing to alleviating San Diego’s housing shortage.” Ahmed Eldahmy, CEO, ELDA Developments project highlights Edit Key Metric Details Project Name Columbia Studios Location Bankers Hill Product Type Multifamily Micro units Project Stories 3 Total Units 12 Gross Floor Area 11000 roughly sqft Max FAR NA Unit Mix Studios, 1BR 2 BR Lot Size 11,000 sf Height Approvals Status (Finished) Parking Non Sub Estimated Rents ($2,400 per studio ) Estimated Completed Completed 3/2025 Leasing Start Date 3/2025 Construction Start 10/2023 Team & Strategic Partners Edit Organization Role ELDA Developments Developer CIM Inc. PR Public Relations
EL CAJON BOULEVARD RESIDENCES
El Cajon Boulevard Residences Modern Multifamily Living in Normal Heights video tour ECB Residences, Normal Heights, San Diego Developer: ELDA Developments Ecb Residences, Normal Heights. A luxurious development permitted with 29 Units and 5 stories. A high-end residential complex offering serviced residences, an array of apartments with amenities, and a commercial suite. Designed by OBR Architecture. Nestled in San Diego’s vibrant Normal Heights community, this luxurious five-story residential micro-unit complex offers 29 meticulously designed residences. Designed by the renowned OBR Architecture, this high-end property combines contemporary urban aesthetics with functional living spaces, perfect for discerning residents seeking quality accommodations in one of San Diego’s most popular neighborhoods. “ECB’s prime location provides easy access to the Normal Heights’ eclectic dining scene, boutique shopping, and cultural attractions, making it an ideal investment opportunity or residence for those who appreciate sophisticated urban living.” Ahmed Eldahmy, CEO, ELDA Developments project highlights Edit Key Metric Details Project Name ECB residences Location Normal Heights Product Type Mixed-Use Micro Units Project Stories 5 Total Units 29 Gross Floor Area Approximately 28,000 sqft Max FAR NA Unit Mix Studios, 1BR Lot Size 5,000 SQft Height Approvals Status (Under construction ) Parking Non Sub Estimated Rents ($2,400 per studio, $2,600 per 1 bedroom. Commercial space TBD) Market rate affordable is a different calculation. Estimated Completed Projected Completion 3/2026 Leasing Start Date 3/2026 Construction Start 1/2025 Team & Strategic Partners Edit Organization Role ELDA Developments Developer OBR Architecture & Design CIM Inc. PR Public Relations
SINGLE FAMILY REDEVELOPMENTS
Single Family Redevelopments Redefining Home: Classic Character, Modern Living experience the new standard in modern home redevelopment with ELDA. Discover the epitome of modern living with our beautifully redeveloped single-family residences. Each home is meticulously designed to offer unparalleled comfort, style and functionality. Experience the perfect blend of classic charm and contemporary elegance. At ELDA Developments, we specialize in the custom redevelopment of single-family homes—transforming existing properties into sophisticated, modern living spaces. Each residence is thoughtfully reimagined to deliver a seamless blend of timeless charm and contemporary design, offering unmatched comfort, style, and functionality. “At ELDA Developments, we believe that every home holds untapped potential. Our mission is to reimagine and transform each property into a modern sanctuary—where thoughtful design, lasting quality, and contemporary living come together seamlessly.” — Ahmed Eldahmy, CEO, ELDA Developments Elevated living through features designed for today’s homeowner: Open-Concept Layouts: Bright, airy interiors with effortless flow Gourmet Kitchens: High-performance appliances and sleek cabinetry Luxurious Bathrooms: Spa-inspired retreats with premium finishes Outdoor Oasis: Private patios or balconies for peaceful escape Energy-Efficient Features: Smart, sustainable living solutions Carlsbad . Windemere . 3736 – 38 Louisiana St. .