560 First Ave,
San Diego, CA 92101
Downtown San Diego’s newest residential highrise is Bayside at the Embarcadero (the post is old, but I have updated pictures below) and it’s almost sold out! Built by Bosa in 2009, Bayside has 232 units on a total of 36 stories. Sure, almost being sold out after three years might not sound too impressive, but considering everything that’s happened to San Diego and the rest of the world, I’d say it’s pretty good.
The last two units are penthouse condos, on the 33rd and 34th floors (36th is the top floor). Unit 3403 runs along the north side of the building and has never been lived in (but was used as Bosa’s sales office). Boasting 3,151 sqft. unit 3403 has views to the west, north and east, with a balcony off the living room (facing west) and one off the master bedroom (facing east). Penthouse 3202 (which was rented for a while) is on the south side of the building and is slightly larger, with 3,226 sqft. The two penthouses are essentially mirror images, with slight variations.
It’s been a while since downtown San Diego has seen any new condos being built. The cranes you see now are mostly for apartments, the almost finished Federal building and the almost finished public library. Aside from that, there’s not much going on. Since real estate prices took a nose dive, no one has had the courage (or maybe stupidity) to build anything new. Until now that is…
Bosa Development will be breaking ground on their next project in San Diego pretty soon (1-2 years), on what Nat Bosa has referred to as “San Diego’s Sydney Opera House.” Currently referred to as Santa Fe Depot Parcel 9, the 41 story, 232 unit high rise will feature condos from ”954 to 2,503 square feet with most in the 1,300- to 1,750-square-foot range,” according to the Union Tribune (the Kettner and Ash project Bosa will also be building will have 35 stories with 285 condos). Here’s a breakdown of what the Santa Fe Depot Parcel 9 condos will be like:
If you’re familiar with downtown San Diego real estate, you probably know that there’s seldom much for sale in the Park Place condo highrise. Currently, there are only six active listings at Park Place, with an average asking price of about $825K and an average price per square foot of about $549/sq.ft. There’s one more contingent (a short sale listing that has an offer accepted by the seller, but is contingent upon the lien holders’ approval) listing and four others that are in escrow.
How is the real estate market? That’s a question I hear all the time, but don’t quite always know how to answer. It just depends. For some, it’s a great market because rates and prices are so low. However, for those same exact buyers, it’s a bad market because there’s nothing to buy and all the good homes seem to get multiple offers and sell too quickly and for too much. On the selling side, the same factors apply: low mortgage rates and low inventory help increase demand pricing. Low prices on the other hand, clearly are not a sellers best friend.
May 17th, 2011 Categories: BOSA Development
As promised, Bosa Development has lowered its prices on the remaining condos they have at Bayside at the Embarcadero. The new prices, supposedly, are only good for this weekend’s sale. After that (if there are any left), I suppose the prices will revert back to the higher, non-sale prices.
So what are the new and improved prices? Well, for the first time ever, you’re going to have to contact me for that info. Call it an experiment, call it laziness, call it whatever you want…just call me(or email me).
For those of you who are interested in buying at Bosa’s Bayside, or anywhere else, I’d be happy to help. Hope to hear from you soon.
Denny Oh 858-243-2092 [email protected]
Well…not one day, but TWO DAYS! Later this month, Bosa Development is having an unprecedented SALE on their remaining Bayside condos. Of the 236 condos in the 36 story Bayside highrise, Bosa only has 12 condos left(possibly less by the time you read this!).
And for being the loyal subscriber of my blog that you are, you get the inside scoop. If you’ve been looking to buy a condo in downtown San Diego, Bayside might be right for you. In my opinion, it’s a great building in an area that will see a tremendous amount of appreciation over the next 7-15 years. Unlike the Marina District, Bayside’s Columbia District has several undeveloped lots that will someday host some of downtown San Diego’s most expensive highrises. Phase 1 of the North Embarcadero Visionary Project will be under way soon and hopefully the rest will follow close behind.
February 14th, 2011 Categories: BOSA Development
Currently, there are no residential condos being built in downtown San Diego. Zero. This means that at best, you could move into a brand new condo in about 2-2.5 years – so summer of 2013. My guess is that you probably won’t see any new condos until about 2014 or even 2015. And even then, you probably won’t see a flood of new condos – maybe just one or two new buildings.
Bosa Developments last top floor penthouse condo at Bayside at the Embarcadero, just hit the MLS yesterday. Unit 3602, which is being sold through Bayside by Bosa, is one of three top floor units at Bayside. At 3,226 square feet, it is also the largest unit in the highrise. Listed at $3,339,000, this penthouse pencils out to $1,035/sq.ft. “ not bad for a brand new, top of the line penthouse. Bayside at the Embarcadero is Bosas newest highrise and offers, arguably, the
For those of you who have been waiting for the San Diego real estate market to bottom out, you may have missed it. With only 505 active listings in the MLS and 168 currently in escrow, the market is busy. If you’re actively looking to buy a place, I’m sure you have been frustrated with the lack of inventory and constantly getting out bid. Now, as inventory shrinks further, some sellers are negotiating less and refuse to drop their prices.
The Legend is one of downtown San Diego’s most unique buildings. It literally sits on part of the Padre’s Pecto Park! The Legend was built in 2007 by Bosa Development and consists of 178 condos. This 23 story building, like all downtown San Diego Bosa buildings, has a platform style building, consisting of a highrise and several tri-level townhouses around it. The Legend offers top of the line amenities, such as a pool, concierge, a large fitness center and of course the 3,200 sqft 7th floor deck.
(858) 243-2092 email@example.com[email protected] DRE#01420194