Is it a good plan or not? Over the past few months, Balboa Park in Downtown San Diego, has been undergoing debate on whether or not the new plan to get rid of the cars inside the museum area to make it more pedestrian friendly was going to happen or not.

This 33 million dollar plan that Irwin Jacobs (co-founder of Qualcomm) proposed have passed. The plan will divert traffic around the historical Plaza de Panama and into a new parking structure to keep traffic at a minimum.

As a Downtown San Diego Condo home owner and as a frequent visitor to the park…I think it would be a great idea to replace the cars, roadways and parking spaces that currently area a part of the parks inner core with landscaping, trees and pedestrian-friendly gathering places.

For more information about this project click on Balboa Park and to read 92101 Urban Living’s former blogs click on Balboa Park in Downtown San Diego might become more pedestrian friendly.

First time home buyers, people buying second homes and investors have been so attracted to The Mark lately? The Mark has really been the target for all types of buyers. You may wonder why?

Well, as a Downtown San Diego Condo & Loft home owner in the East Village/Ballpark District myself…I can vouch for how much the neighborhood has developed over the past few years. As a rookie to Downtown in the early 2003 I look back and see myself standing in this empty dirt lot in the middle of the East Village. I’m trying to picture what this neighborhood will look like when pretty much all construction that was on the plan was completed.

Believe me when I say…I had a pretty good idea on the outcome. As a geek for facts, plans and a steady follower of the CCDC’s plans and the ideas from the Port of San Diego…I had a great foundation on what it would look like but…The Mark has totally blown my mind!

In the last several days Mayor of San Diego Jerry Sanders has been on a road trip to Kansas City, Indianapolis, and Denver. You might ask yourself….”what for?”

Well not that long ago there was a plan to build the San Diego Chargers new football stadium in Downtown San Diego and it has caused quite a bit a controversy. So Mayor Sanders has been on a fact finding road trip to these areas with relatively new sports facilities to try and solve some problems that Downtown San Diego Condo & loft home owerns and residents are having with the proposed plan.

I think he has been finding out some interesting facts both good and bad supporting the new Chargers stadium. I like the idea and I also think that bringing the new stadium to Downtown would help property values go back up. Just think about having 2 professional teams playing almost all year round within walking distance from your Condo or Loft.

As we all know.Downtown San Diego sales have been pretty good lately. But.who is buying right now? Who has the money to invest in Downtown San Diego real estate? With these all time low prices and interest rates, investors have really opened up their eyes and started to invest in the Downtown market.

In the past 90 days, 60% (157 out of 260) of Downtown San Diego Condo & Loft sales have been below the $400,000 price point with most of the sales going to investors and/or cash buyers.

The East Village/Ballpark District and the Little Italy District have become the hot spot for these types of buyers. Some are buying multiple properties to hang onto in hopes of getting a return after the prices come back up. It will be interesting to see what happens in the next year. Stay tuned for more info to come.