Next Space Development (NSD)
San Diego, CA 11–50 employees 3 principals
Last updated
About Next Space Development (NSD)
Next Space Development (NSD) is a real estate operator headquartered in San Diego, CA. Next Space Development (NSD) operates in San Diego, California. Its investment focus is on Multifamily - Ground-up, Multifamily - Value-Add and Single-Family Homes.
Next Space Development (NSD) is a real estate development company specializing in residential multifamily, mixed-use, student housing, and value-add development projects. Founded by Rudy Medina and Richard Simis, NSD is known for its expertise in concept development, capital formation, construction, renovation, and community management. The company has successfully completed development projects totaling approximately $1 billion, including $300 million in recent acquisition investments. NSD's notable projects include StateSide, a 27-unit, 130-bed student housing community near San Diego State University, which was developed in collaboration with Pacific Residential, LLC. This project is particularly noteworthy for its timely completion despite challenges posed by near-record rainfall in tNext Space Development (NSD) is a real estate development company founded by Rudy Medina and Richard Simis, specializing in residential multifamily, mixed-use, student housing, and value-add projects. The firm provides comprehensive expertise spanning concept development, capital formation, construction, renovation, and community management. The company focuses its real estate strategy on urban residential and student housing sectors, handling complete project lifecycles from acquisition to property management. Its regional development footprint is concentrated primarily within Southern California markets. The company has successfully completed development projects totaling approximately $1 billion, which includes $300 million in recent acquisition investments. Notable historical projects include StateSide, a 27-unit student housing community near San Diego State University, and Nimitz Crossing, a 36-unit apartment building in San Diego. he region. Another significant project by NSD is Nimitz Crossing, a 36-unit apartment building located at 3903 Voltaire St., San Diego, which represents one of the highest price per unit apartment sales in San Diego's history.