SAN DIEGO CONDO NEWS AND REVIEWS

Jonathan Segal Loft in the Marina District

Posted on 08-17-2017 by Todd Deboer

There is a new condo for sale in the Marina District.  It is from the famed architect Jonathan Segal, and is located at 221 Island Ave.  This is a very unique space, featuring 2 bedrooms, and 2 baths, with one of the bedrooms and baths being on the second floor from a spiral staircase.  The unit has 17 foot ceilings and large floor to ceiling windows.  It is almost 900 square feet, has one parking space and the list price is $550,000.  Finishes include updated flooring, stone counters, and stainless steel appliances. Downtown San Diego Condos like this do not come on the market often, and should sell very quickly.  The HOA fees for this particular unit are only $380 per month.  There are no amenities in the building. For more information on this unit, contact your local Condo Showroom agent for a private tour and to answer any questions you may have.

 

HOT - New on Market ALTA Condo for Sale

Posted on 08-16-2017 by Nikki Malek

Talk about that view! With floor-to-ceiling windows in just about every room, a stunning spacious balcony, and gorgeous layout, this new listing at 5756 Avenue #1902 at the Alta condominium building in downtown San Diego won't last long.

Priced at $1,150,000 is a two bedroom and two bath condo with 1013 ft.² of living space and a 19th floor wrap around the city view. This gorgeous unit has been finished and furnished by a designer and comes ready to move in. The only thing you have to bring is your toothbrush and close. There's gorgeous hardwood floors in the living room, slate tiles in the bathrooms, contemporary design in the kitchen and Caesar stone counters with dark cherry cabinetry. The kitchen comes complete with a wine fridge, stainless steel appliances and two drawer dishwasher.

This unit also comes with a tandem parking on P 1, plus a 5 x 9 storage Kate on the same floors parking. Homeowners dues are $595 per month and Alta covers everything including common area maintenance, landscaping, building maintenance and several utilities. This unit even comes with a swimming pool. There are 179 units on 21 stories and the complex was built in 2007.

This home has had over $75,000 in custom designer finishes and all the details are included as well as flatscreen TVs and smart home AC units.

Pets may be allowed but are subject to limitations so it is important to check with the covenants and restrictions if you want to bring your four-legged friends. This complex has a 97 walk score, and 83 transit score and a 74 bike score by walk score.com with easy transportation throughout East Village. Residents are served by the Sherman Elementary school and the Roosevelt international middle school. Shops, restaurants, markets and entertainment are all within just a few blocks of the front door. If you are looking to be in the heart of everything yet up on the 19th for overlooking it all, you have to check out this newest listing. Don't let the price scare you away because this will sell fast. Call me today to schedule a showing and taking a look at this fabulous home couldn't be easier.

View all listings and images of this property here.

 

Navy Broadway Complex Update San Diego

Posted on 08-14-2017 by Nikki Malek

The new Navy Broadway Complex is a Bayside military facility located in downtown San Diego. It's home to the primary offices of the Navy Region Southwest as well as ties with the Coast Guard. The complex sits on extremely valuable property so the Navy has attempted to finance a portion of operations with revenue from real estate developers seeking to build housing and commercial units. A local San Diego developer has a lease with the U.S. Navy to build a Navy administration complex in addition to hotels, offices, retail shops and housing. This will put San Diego office development and workplaces near transit as well as housing. The idea is to attract young, millennial talent for the majority of new office buildings and companies going in to the Navy complex. This will be a collaborative space and lots of new amenities.

Manchester Pacific Gateway will soon break ground on the downtown waterfront. Over 10 years in the works, this $1.3 billion mixed-use development is the culmination of public and private partnerships of local developers and the U.S. Navy. This lab nearly 1,100,000 ft.² of class a office space and nearly 300,000 ft.² of destination retail and regional amenities.

Other companies such as Kearny Real Estate Company is modernizing the 30-story office tower at Emerald Plaza. Lowe Enterprises is putting finishing touches on IDEA 1 in the East Village and Block D in the makers quarter is currently under construction; a six-story, $23 million office building.

But back to the Navy complex, this $1.3 billion project will be spread across 12 acres between Pacific Highway and Harbor Drive. It will include a 17 story office building to serve as U.S. Navy headquarters, for office buildings, to hotels, a museum, a retail promenade and a nearly 2 acre park. The developer, Doug Manchester, former owner of the San Diego Union Tribune, one a 99 year lease from the Navy in 2006 for the site. The Navy has occupied the site since the early 1920s.

Demolition takes about six months and the completion date is set at 2020. The project dates back to the 1980s when the Navy desired a new regional headquarters but could not gain an appropriation from Congress. After numerous legal battles, a two to one ruling in federal appellate court, judges determine that there is no significant impact from possible environmental effects of a terrorist attack. Progress is underway for the redevelopment. Unlike many other large projects in downtown, developers do not plan on opening the projects in different phases. Instead, they've decided to open all buildings and businesses around the same time in a single phase project.

Stay tuned to my website and our blog for more information and updates to the Navy Broadway Complex in downtown San Diego.

 

Navy Broadway Complex Update San Diego

Posted on 08-14-2017 by Nikki Malek

The new Navy Broadway Complex is a Bayside military facility located in downtown San Diego. It's home to the primary offices of the Navy Region Southwest as well as ties with the Coast Guard. The complex sits on extremely valuable property so the Navy has attempted to finance a portion of operations with revenue from real estate developers seeking to build housing and commercial units. A local San Diego developer has a lease with the U.S. Navy to build a Navy administration complex in addition to hotels, offices, retail shops and housing. This will put San Diego office development and workplaces near transit as well as housing. The idea is to attract young, millennial talent for the majority of new office buildings and companies going in to the Navy complex. This will be a collaborative space and lots of new amenities.

Manchester Pacific Gateway will soon break ground on the downtown waterfront. Over 10 years in the works, this $1.3 billion mixed-use development is the culmination of public and private partnerships of local developers and the U.S. Navy. This lab nearly 1,100,000 ft.² of class a office space and nearly 300,000 ft.² of destination retail and regional amenities.

Other companies such as Kearny Real Estate Company is modernizing the 30-story office tower at Emerald Plaza. Lowe Enterprises is putting finishing touches on IDEA 1 in the East Village and Block D in the makers quarter is currently under construction; a six-story, $23 million office building.

But back to the Navy complex, this $1.3 billion project will be spread across 12 acres between Pacific Highway and Harbor Drive. It will include a 17 story office building to serve as U.S. Navy headquarters, for office buildings, to hotels, a museum, a retail promenade and a nearly 2 acre park. The developer, Doug Manchester, former owner of the San Diego Union Tribune, one a 99 year lease from the Navy in 2006 for the site. The Navy has occupied the site since the early 1920s.

Demolition takes about six months and the completion date is set at 2020. The project dates back to the 1980s when the Navy desired a new regional headquarters but could not gain an appropriation from Congress. After numerous legal battles, a two to one ruling in federal appellate court, judges determine that there is no significant impact from possible environmental effects of a terrorist attack. Progress is underway for the redevelopment. Unlike many other large projects in downtown, developers do not plan on opening the projects in different phases. Instead, they've decided to open all buildings and businesses around the same time in a single phase project.

Stay tuned to my website and our blog for more information and updates to the Navy Broadway Complex in downtown San Diego.

 

A More Affordable Option in San Diego County?

Posted on 08-10-2017 by Joe Marcotte

More and more people are moving to Otay Ranch out in the Chula Vista neighborhood for more space, luxury, and affordability. Pricing anywhere from $200,000-$400,000 less than in downtown San Diego, these newer homes built on the border of Chula Vista are drawing quite a crowd. For instance, a brand-new 1500 square-foot townhouse runs about $378,000, which is approximately $200,000 less then something similar closer to downtown. It's great for families, first-time homebuyers and anyone looking to buy new and seven older home with more issues. But are there any negatives to this area?

Otay Ranch is located about 30 minutes from downtown San Diego, which means that the commute times will be higher and there are higher taxes in some cases. These homes are also in close proximity to the border but it is one of the last places where we can build moderately priced homes. Single-family homes, townhouses and apartments are booming at Otay Ranch and for the first six months of 2017, single-family homes in this area were selling roughly in 30 days and condos and townhomes in less than 25 days.

It's not as inexpensive as say, Riverside County, but it is still a huge draw for San Diego workers. The average commute time is about 25 to 35 minutes depending on traffic but the downtown drive from Riverside's housing hub is about an hour to an hour and a half.

Another draw is the Spanish style architecture, mountain views and strong breezes. Many roads in Otay Ranch have yet to even make their way onto digital mapping applications and cell phone reception could be spotty in certain sections, so there is still that.

Currently there are about 10,000 homes built at Otay Ranch with another 17,000 to come. With area 12 miles wide from east to west and 8 1/2 miles north to south, Otay Ranch is about the size of San Francisco. Otay Ranch was one of the hardest hit spots in the San Diego County during the housing crash and home prices dropped nearly $350,000. But today, the median home prices back up to $505,000.

If Otay Ranch has perked your interest or this seems like someplace you might like to call home give us a call today. I'd love to show you all of the homes in this area that meet your search criteria and price and give you a good sense of what life is like in Otay Ranch.

 

UC San Diego and East Village Housing Breaking Ground

Posted on 08-09-2017 by Joe Marcotte

Construction has finally begun this week on a $275 million East Village housing complex. Temporarily called the "flagship", developer Holland Partner Group has started work on a 426 unit apartment building, a 53,000 square-foot office building and classrooms for UCSD. Renovated historical homes in the area will likely be converted to restaurants and outdoor amphitheaters. The completion is set for 2021.

San Diego's Mayor Kevin Faulconer plans on creating a flagship project as a win-win for the entire city. He welcomes additional housings at all income levels and feels that the addition of UCSD with their programs and activities could create a better downtown environment. This is one of the most creative places in the US for entrepreneurs and innovators, so he feels that there is no better place for UCSD to shine.

The four-story office classroom building will not only serve campus students and faculty but can reach out to the neighborhoods to prepare students for college. The University will be tutoring incoming students in area libraries throughout the summer. This will also be a great place for transportation since the San Diego trolley passes by the Park and Market site and will extend into the campus once complete.

In addition to the University there were also be art galleries, performances, and a place for visitors, which will include restaurants, Wine and music festivals. UCSD will pay developers over $36 million in nonstate funds for its new buildings. Once complete, the new residential building, designed by carrier Johnson, will include 101 studio apartments, 152 one bedroom apartments, 127 two bedroom apartments, and 46 three bedroom apartments in their 360 foot high housing tower. 85 of these units will be affordable units to households earning less than half the regional average income and possibly to low earning graduate students. There will be a 30 third-floor swimming pool, spa and other amenities.

Developers will also turn local historical homes into multiplex apartment buildings and when complete there will be a 3200 ft.² amphitheater and other public spaces, which will allow venues for various events and festivals.

Everyone thinks that this is going to be a great change and will bring more jobs back into downtown.

If you'd like more information on this new housing complex or would like to stay up-to-date, contact our office today or browse our website for more details

 

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