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New high-rise is on the horizon in Downtown San Diego

By Mike in Downtown San Diego Real Estate Market Analysis|Downtown San Diego Urban Lifestyle|May 2011 with 0 Comments

New high-rise is on the horizon in Downtown San DiegoIts quite funny looking back to the year of 2002 where I see myself standing on A Street on the border of the Little Italy District and the Columbia District in Downtown San Diego saying to my clients; there will be at least 10 towers built right here that will outline the skyline of Downtown San Diego.

I am sure they thought I was a little crazy.but was I right or was I wrong? Well..we do have The Grande North and South, Bayside, Electra, Treo, Sapphire, the new Bosa tower, the approved Columbia Tower Hotel, the approved 880 W Broadway Project and the approved Lane Field Project which gives us the total amount of 10. I say it again.there will be one more high-rise built in Downtown San Diego starting 2013.trust me on this one.

Downtown San Diego’s most prolific condo builder, Bosa Development, has won approval to build a 36 floor 285 unit at Kettner Blvd. and Ash St. on the boarder of the Little Italy and Columbia Districts and is estimated to have a value of $250 million. The last Bosa Development built was Bayside in 2008 located on Harbor Drive overlooking the Embarcadero in the Columbia District.

Nat Bosa, in San Diego on vacation with his family, has stated that he is proceeding now because the inventory of new Condos in Downtown San Diego is at a low point and values should equal or exceed pre-recession levels by the time his project opens in 2015. Construction is expected to begin in 2013 after the permit process is completed. Pricing for the new tower has not been determined yet and Bosa is targeting Buyers seeking the newest in amenities and upgrades.

To read San Diego Union Tribune’s article click on Condo high-rise approved, completion in 2015 and to read 92101 Urban Living’s former blogs about other projects click on Mayor propose plan to finance the San Diego Convention Center Expansion, Balboa Park in Downtown San Diego might become more pedestrian friendly. and Pacific Gateway in the Columbia District in Downtown San Diego is moving forward. ')}