The Mark Downtown San Diego

May 7, 2013 By

The Mark Condos Downtown San DiegoThe Mark Condos Downtown San Diego

Enjoy stunning city and water views at The Mark, #1806 for $750,000

Live in one of the most sought after luxury high-rise developments in the Ballpark District of Downtown San Diego, The Mark!  This new spacious one bedroom boasts 1,054 square feet, 1.5 baths, high ceilings, exposed concrete, an open kitchen with granite counters, stainless steel appliances, breakfast bar, rich cabinetry, gas cook-top, a large walk-in closet in the master suite, private terrace, 2 separate underground parking spaces, a storage unit, and wonderful water, city, and Ballpark views!

The Mark San Diego

The Mark San Diego

The Mark 

800 The Mark Ln. #1806

$750,000

*****This Downtown San Diego condo has a current lease in place through Jan. 2014.

Residents at The Mark condos enjoy a pool, spa, common BBQ’s, fitness center, business center, and 24 hour security/concierge.  HOA dues are approx. $693/month.  This urban development is just steps away from Petco Park, Starbucks, Bootlegger, Basic Pizza, FIT Athletic Club, and numerous wine bars, lounges, and restaurants.  You can truly enjoy the convenience and excitement of downtown living in this luxury high-rise.

For more information on this condo for sale at The Mark or to schedule a private viewing, contact the Downtown Condo Showroom.  Don’t forget to visit us at www.downtowncondoshowroom.com to view a current list of Downtown San Diego rentals.

Filed Under: Blog and News, Downtown San Diego Hot Properties and reviews

Quick update on various projects Downtown San Diego

April 18, 2013 By

As you probably already know the CCDC is not functional anymore. The plug on the redevelopment has been pulled unfortunately so some projects Downtown were stopped.

Good news is that certain ones are still continuing on!

Horton Square project for example is well on it’s way! The old Robinson’s May building has been completely demolished! On it’s place there will be a new structure, projected to completed in just 1 year from the time the bids are out in June. 40 feet talk lumineers and 3 food and beverage pavillions are said to complete this brand new Downtown San Diego structure.

North Embarcadero Visionary plan has started already, phase 1 is under construction. The whole goal is to create a wider promenade from Broadway to B street; and eventually in next stages it would be moving up north from B street.

9th and Broadway project is also under construction, it will be a 250 affordable apartment project, with some units among these be dedicated to the homeless people. This project together with other formal permanent homeless shelters is designed to combat the homeless problem in Downtown San Diego and take people from the streets. This project is to be completed by 2015.

Another apartment building that’s coming on in east village San Diego is a building on 14th and Island. Should be 250 unit residential tower with a park to the west and children play ground, dog park, etc. ( This one seems to be very promising for East Village! )

There are also 2 new sites available Downtown that are ready to redevelop: 7th and Market and Park and Market. The city is really pushing some business oriented buildings in those two place, that would produce jobs, like possibly various technology offices, etc.

 

 

Filed Under: Blog and News, Downtown San Diego News, Downtown San Diego Real Estate Information Tagged With: , ,

New Downtown San Diego Rentals Approved!

February 28, 2013 By
New Downtown San Diego Rentals Approved!

New Downtown San Diego Rentals Approved!

Blue Sky Apartments is going to be the largest development to house Downtown San Diego Rentals throughout the Downtown San Diego Real Estate Market.  The project of 939 units is located in Cortez Hill on B and 8th Ave.  It just received its final approval and will now hope to start construction this summer, barring an appeal to the Planning Commission.  This development will represent 2 separate towers, featuring units ranging from studios that are 455 square feet, to 2 bedrooms up to 967 square feet.  The first tower is projected to be completed in 2015 with the second tower slated for a 2017 opening.  Each tower (25 stories) will have a roof top pool and rooftop garden.  There will also be two public parks at street level.

Blu Sky San Diego Apartments will be tucked between two of Downtown’s densest projects, Symphony Towers to the west and Vantage Pointe to the east.  Vantage Pointe was originally built as condos but after not being able to obtain financing during our real estate crash, it was converted into apartments and contains a total of 679 apartments.  One of the ways Blu Sky can help our real estate economy is in helping meet the projected tripling of the Downtown popululation to 90,000 residents over the next 30 years.  Currently, there just is not enough inventory to satisfy the ever increasing demand.

For more information on this development be sure to contact your local Downtown Condo Showroom agent.  I will provide updates on this project as they come in.  If you are looking to rent something now Downtown, let us know right away.

Filed Under: Blog and News

Horton Plaza Free Parking No More

February 7, 2013 By
Horton Plaza Free Parking No More

Horton Plaza Free Parking No More

There is some bad news for residents and visitors to Downtown San Diego’s Horton Plaza.  They are no longer offering free parking.  For years, you could drive down to Horton and park for 3 hours for free with validation.  Now, it is going to cost a minimum of $10 purchase from the mall’s stores and if you do not buy anything, it’s $8 an hour with an evening flat rate of $20 after 9 PM.  On Tuesday, drivers were shocked as they tried to pull away, only to get stopped by the gate guards.  Edwin Monclova was one of these unhappy shoppers who popped in to pick up an iPhone charger.  “I’ve been coming here for 16 years, and I’m like ‘What is this?’”

For many years, people living in Downtown San Diego Condos or visitors to Petco Park or Reading Cinemas 15 have used this parking garage rather than the pricey pay lots and expensive meters.  It seems like because of this abuse, Horton has put the hammer down.  “We get a lot of visitors who go outside the mall and that’s fine,” said Ace Parking manager Ernest Villarreal.  “But the validation was not intended for outside merchants, it was always intended for mall shoppers.”

This is not the first time this has been the policy for Horton Plaza and its garage of bewildering fruit and vegetable themed levels.  When it was built in 1985, a minimum $7 purchase bought you a sticker good for 90 minutes.

What affect will this have on Downtown?  Well, it could drive people from Horton to Fashion Valley, it will definitely make public parking more difficult as there will be less and less spots, and finally it should increase parking prices throughout the Downtown San Diego Real Estate Market.

Of course, there’s always Ralph’s.

 

Filed Under: Blog and News

San Diego Real Estate Values Continue to Climb

January 31, 2013 By

 

San Diego Real Estate Values Continue to Climb

San Diego Real Estate Values Continue to Climb

The San Diego Real Estate Market continues to show signs of strength as studies prove increases in home values.  Consumers are extremely optimistic moving forward as prices in the County continue to surge upward.  Prices are actually up .9 percent in November from October, as tracked by Case-Shiller, and up 8 percent from a year ago.  As mentioned in an earlier blog, November marked the 10th straight month of home price gains for San Diego and represented the 5th straight month of year to year increases.

San Diego was 1 of 9 major cities to enjoy price gains which speaks to the strength of the overall real estate market nationally.  In fact, only New York City saw a drop in values on a year ago basis, down 1.2 percent.  The biggest gainer has been Phoenix, which was one of the hardest hit cities and now  has realized a 22 percent up tick in November as compared to the same month a year ago.  Las Vegas as well as Miami and Tampa are also making notable gains.  The regions that are not faring as well are the northeast and  industrial midwest.  A closer look at all the areas Case-Shiller has tracked, affirms that prices look basically flat at .1 percent gain from October to November, with an overall increase of 5% from the same month a year ago.

Owners of Downtown San Diego Condos and of course everyone who owns any Downtown  San Diego Real Estate wonder how these prices relate to prices historically speaking.  Well Case-Shiller analysts say San Diego’s current home prices have returned to fall 2003 levels, about 2 years before the market peaked.

 

 

Filed Under: Blog and News, Downtown San Diego Real Estate Information Tagged With: , , , , , , , , , , ,

Navy Broadway Complex, Home to Navy Headquarters Development Delayed

January 29, 2013 By
Navy Broadway Complex, Home to Navy Headquarters Development Delayed

Navy Broadway Complex, Home to Navy Headquarters Development Delayed

The $1.2 billion dollar development plan that has been on the books since 1991 for the Navy Broadway Complex, may be delayed another year after the California Coastal Commission filed a law suit against the Navy, the developer and the U-T Publisher Doug Manchester.  The commission had been waiting to file this for a year, giving the Navy a chance to revise its plans, which the commission deemed out of date.  “An injunction is necessary to protect public access, recreation and views along the California coast,” the commission said in its suit filed last week.

Manchester expects this suit to delay construction at least a year with the best case scenario being resolving the litigation this year, design work moving forward in 2014, construction beginning in 2015 and completion of the Navy building and the other buildings by 2017.  The plan calls for a new Navy Headquarters office building as well as a full hotel-office-retail complex.  Manchester won a 99 year lease from the Navy in 2006 to build a series of office and hotel towers, retail space, a museum and public park space on the 16 acres that bound Broadway, Pac Highway and Harbor Dr.

The commission is asking the Navy to provide a “supplemental determination” that the project complies with state coastal laws, since they argue that downtown development has changed from what was aniticipated, including increased security measures following 9/11.  It also states that Manchester’s plan does not comply with the original design guidelines.  The Navy is arguing that nothing has changed dramatically enough to have to revise its plan that was approved in 1991.

This is obviously very important to the growth and value of Downtown San Diego Condos in the area as well as throughout the Downtown San Diego Real Estate Market and that is why I want to keep everyone informed.  Condos such as Electra San Diego and Park Place San Diego will be directly affected by the development.

Filed Under: Blog and News Tagged With: , , , , ,

Foreclosures in San Diego at Lowest Levels Since 2006

January 24, 2013 By
Foreclosures in San Diego at Lowest Levels Since 2006

Foreclosures in San Diego at Lowest Levels Since 2006

Foreclosures in San Diego County are at the lowest levels they have been since 2006, a claim made by local real estate information company DataQuick.  Foreclosures in December numbered 355, the lowest level since 2006, when we saw 288 REOs.  I see this as a result of an improved economy, rising prices due to low inventory, short sales and the government settlement with major banks, as I blogged about last week.  Default notices are down 30% from the same month a year ago and down 77 percent from the peak in March of 2009, where mortgage defaults numbered 3,832.

DataQuick President John Walsh said in this week’s report that “home values increased through most of 2012, and the rate of increase picked up toward the end of the year.”  He also noted “that means fewer and fewer homeowners are underwater, where they owe more than their homes are worth.  He added that “that in turn means they can sell and pay off the mortgage, or perhaps refinance at today’s low interest rates.  This trend alone suggests we will see a continued decrease in foreclosure rates this year.”

This is great news not only for San Diego Real Estate but specifically for the Downtown San Diego Real Estate Market and Downtown San Diego Condos.  Currently there is only 1 bank owned condo in the entire 92101 zip code!  That is extraordinary.  We are clearly seeing not only less REOs, but also less short sales as we have in recent months.

As always, for the most accurate and up to date information on everything real estate in Downtown San Diego, contact your local Downtown Condo Showroom agent.

Filed Under: Blog and News Tagged With: , , ,

Live In The Grande South Penthouse Downtown San Diego

January 23, 2013 By

Live In Luxury At The Grande South San Diego 

1199 Pacific Hwy #3701 – $5,500/Month

The Grande South Downtown San Diego

The Grande South Downtown San Diego

Have you been searching for a spacious Downtown San Diego penthouse for rent?  This is the only 3 bedroom penthouse rental on the market!  The Grande South #3701 boasts 3 bedrooms, 2 full baths, 1,786 square feet, beautiful hardwood flooring in the living area, designer carpet in the bedrooms, mosaic glass tile fireplace, upgraded lighting throughout, surround sound, an open kitchen with granite counters, high end stainless steel appliances, a wine fridge, and breakfast bar, 2 underground parking spaces, a separate storage unit on the same floor, a spacious private terrace, and large banks of windows throughout offering unobstructed views of the bay!  You can truly take in stunning water and city views from every room.  This Downtown San Diego Penthouse is the ultimate show stopper! The Grande South offers a wonderful pool, spa, outdoor BBQ’s, steam room, sauna, fitness center, community lounge, a guest suite, and 24 hour security / concierge.  Living at The Grande South condos is like living in a 5 star hotel. For more information on this Downtown San Diego penthouse rental or other Downtown San Diego luxury rentals, please contact the Downtown Condo Showroom.  You can also visit us at www.Downtowncondoshowroom.com for a current list of downtown rentals.

Filed Under: Blog and News, Condos Reviewed, Downtown San Diego Hot Properties and reviews, Downtown San Diego Real Estate Information

Aria Condos San Diego

January 22, 2013 By

Own A 2 Bedroom Condo At Aria For Only $410,000!

Aria Condos San Diego

Aria Condos San Diego

A new listing just hit the market at Aria, #302 for $410,000.  This 3rd floor NE facing condo boasts 2 bedrooms, 2 full baths, 1,004 square feet, hardwood flooring, an open kitchen with a breakfast bar, light cabinetry, ceasar stone counters, stainless steel appliances, marble baths with porcelain tile flooring, recessed lighting, stacked washer/dryer, a large private terrace overlooking the pool, banks of windows throughout, and 2 underground parking spaces.  This unique luxury high-rise is known for it’s European flair and quiet “residential feel” location.

This is the lowest priced 2 bedroom condo at Aria!

Residents of Aria condos enjoy a fitness center, pool, spa, and a chic community lounge with a large flat screen, trendy seating, and a pool table.  HOA dues are approx. $614/month.  HOA dues cover your water, trash, gas, insurance on the structure, all common areas, and security.

Aria Is VA Approved!

It’s getting harder and harder to find a 2 bedroom 2 bath Downtown San Diego condo that’s listed in the low $400k range.  This urban condo is priced to sell and will go quickly.  For more information on this condo for sale at Aria, please contact the Downtown Condo Showroom.

 

 

 

 

Filed Under: Blog and News, Condos Reviewed, Downtown San Diego Hot Properties and reviews, Downtown San Diego Real Estate Information

Do you like Alta? Great rental condos are available there now!

January 22, 2013 By

So with this inventory being so short, it’s becoming a pain in the butt to find something decent to rent Downtown that’s under $3000, 2br 2ba, and especially 2 parking spots!

Well I love being in the mix of things and having my home just blocks away from Gaslamp and all the attractions, so if you do too, these next couple rental condos might be a great choice for you, since they’re located in Alta, 575 6th ave, one of my favorite buildings Downtown.

So 575 6th ave, uni 910, is a 2br 2 ba, 1032 sq ft, condo on the 9th floor, facing market street and is fully furnished, priced at $2700 a month!

Then, we have unit 506, that is also a 2br 2 ba, 1144 sq ft, so a little larger could be either furnished or not! and is listed for $3000 or $2750 respectively.

Unit 1904 at Alta, is 2br 2 ba with breath taking views of the downtown San Diego skyline, Petco Park, San Diego Bay, Coronado and the bridge. Floor to ceiling windows, state of the art kitchen, dual sinks in master bath, laundry in unit. Two side by side parking spaces, going for $2950! Very reasonable for the quality of the building and the views if you ask me!

And the last unit 1104, is most expensive at $3050 a month, and is the exact floorplan for the before mentioned 1904, just with some upgrades, like 15K in wood floors, $15K Custom Window Shades, $3K Lighting.

So these 4 should give you some pretty good options for a great 2 br condo Downtown, in a very convenient location, and a decent building for a reasonable price!

Feel free to share!

 

 

Filed Under: Blog and News, Condos Reviewed, Downtown San Diego Real Estate Information Tagged With: , ,
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