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It’s been a few weeks now since Savina and Bosa began their VIP/Private sales for downtown San Diego’s newest condo high-rise. I was there with my own clients to witness the the first few days of condo sales and I have to say, it was pretty exciting. With about 60 condos sold during the private sales, I think Savina is positioned to sell out prior to being completed in early 2019 (certificate of occupancy is excepted for March of 2019). Sales open up to the public later this week on June 24th.
I think part of it’s success is that Savina is not Pacific Gate. I don’t mean this in a negative way, but Pacific Gate is being described as “iconic architecture, exquisite interiors and levels of service and amenities only seen in the most luxurious international hotels.” This is not something downtown San Diego is used to. As a result, I think there are fewer buyers for this type of product. Savina on the other hand, is more typical of what San Diego has seen (in fact, Savina was designed by the same architect that designed Bayside).
Here are a few reasons why I think Savina will sell out faster than Pacific Gate…