Next Space Development (NSD)

About Next Space Development (NSD)

Next Space Development (NSD) is a real estate operator. 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 the 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.

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