Downtown San Diego Real Estate: Bosa Development Set to Build Condos Again.
Bosa Development is getting set to break ground in the first half of next year on their latest luxury high rise project. Current plans call for the location to be along the waterfront along Pacific Coast Highway near Electra and Park Place. Details are still being released but the latest information indicates the building to be 41 stories high, 221 units, and price points starting in the low $700,000’s. Completion date is set for 2016. In addition, Bosa is also planning to break ground on yet another new luxury high rise in 2015.
Downtown San Diego Real Estate for Sale
The Downtown San Diego Real Estate market has not seen any new residential construction since 2009. From 2001 through 2009, builders finished nearly 8,300 units. Our generations “Great Recession” essentially “hit the skids” hard on condominium construction in the entire Downtown San Diego area. Most projects were abandoned or converted to rentals. The only construction currently happening is mainly located in East Village and Little Italy(all large scale rental apartments and commercial units). Oh how a couple years can change Downtown San Diego Real Estate market scene
Along with much of the country, Downtown San Diego real estate has been enjoying a massive recovery on demand and real estate prices. Since hitting rock bottom 2 years ago, values have sky rocketed. Long gone are the days of vacant condos and massive selection of foreclosure properties. Simply put, there is no shortage of condo buyers seeking prime real estate in Downtown San Diego.
Downtown San Diego Real Estate Market Report
Judging by Bosa Development’s previous projects in Downtown San Diego and the projected starting points for price, these two new luxury high rises should be incredible additions to the Downtown San Diego real estate market.
Please check back soon as more details become available. This will be one of the most luxurious and in demand projects Downtown San Diego has ever seen.
Questions? Comments? Please send my way anytime!
