It’s been several years since downtown San Diego has seen any condos being built. The last residential construction (not including hotel’s or apartments) was completed around 2009 with Bayside and Sapphire Tower. Now that the economy has picked up and the housing market has more than recovered, developers are going back to their old plans and are getting ready to build. Most notably, Bosa Development is rumored to break ground early next year (probably February) on their Santa Fe Depot Parcel #9. The building, name to still be determined, should be finished around the end of 2016.
Unofficially labeled “San Diego’s Sydney Opera House,” this new luxury highrise will be our most expensive building to date. I’m anticipating prices to average around
$800/sqft and some of the most unique architectural features San Diego has seen.
Although this new 41 story building will upset plenty of neighbors at Electra, it should have some pretty nice views. There won’t be any large penthouses, with only two units over 1,800 sqft – one that’s 2,369 sqft and another that’s 2,503 sqft. The majority will be 2 BR+den and 3 BR units – something that we don’t typically see downtown (the 3 BRs) – and range from 1302-1764 sqft.
Please click here to read more about Bosa’s new building and see some artist renderings. Reservations and sales won’t start for quite some time, but if you’re interested, please click here to receive updates on Bosa’s newest highrise.