Nat Bosa, the developer for several high rises in Downtown San Diego is planning to begin building another one within a year. This would offer more living options in Downtown and also provide a boost to the local economy in the form of job creation.
The San Diego Union Tribune reports in the article “Condo project OK’d; starting price $750,000” that Nat Bosa has been approved to begin construction on a 41-story new building in the Columbia neighborhood. The lot is located right in front of the Electra building and The Centre City Development Corporation unanimously approved the planned project last Wednesday. The size of each individual unit will range from 954 to 2,503 square feet. The starting price for units will be about $750,000. The estimated cost for the 232 unit tower is about $250 million and is slated to be completed by 2016.
As the city of San Diego grows, the options for Downtown San Diego Condos will steadily increase. New buildings, such as this one, will only enhance the San Diego skyline and ensure the city keeps the nickname of “America’s Finest City”.