Locally-Based Company Buys Huge 180-Unit Project in Point Loma / Midway Area — Site of Former Barnard Elementary School
A locally-based real estate company has just purchased a huge, 180-unit project in the Point Loma / Midway area — the site of the former Barnard Elementary School.
MG Properties, a San Diego-based multifamily real estate investment firm, announced the purchase of Dylan Point Loma Apartments, a massive piece of property that opened in 2016 consisting of one-, two- and three-bedroom floor plans. The colorful announcement states that the project is “complemented by a resort-style saltwater pool, a fitness center, community club house, a conference room, game lounge, demonstration kitchen, dog park and a volleyball court.”
It’s “colorful” because although the announcement claims the project is in “Point Loma,” it’s actually situated in the more problematic neighborhood of the Midway District, which is beset with a large homeless population, fast-food joints, malls and shopping centers, often described in negative terms by urban planners, police and developers. In contrast, the announcement asserts “Dylan Point Loma is situated in one of San Diego’s most desirable coastal submarkets, offering residents convenient access to major employment centers, beaches, dining, and entertainment.”
The purchase price was undisclosed. MG Properties bought the site which has a formal address as 2930 Barnard St, San Diego, CA 92110, from JLL Income Property Trust.

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