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Big developments on the way; Open houses to see this weekend

This week's local real estate news


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The 1919 Pacific Highway complex will have more than 100 apartments across from the Waterfront Park. | Image courtesy of Colliers International

Word on the Street

More apartments coming to Little Italy

The build-out (or build-up?) of Little Italy continues with a new apartment complex slated to break ground right across from the Waterfront Park.

A plot of land on Pacific Highway and West Grape Street occupied by the Days Inn Harbor View hotel was recently purchased for $15 million, and the hotel will be replaced with 1919 Pacific Highway, an eight-story building with 110 units. The property will have a mix of studios and one- and two-bedroom apartments with unobstructed views of the bay, according to a release from Colliers International. Wood Partners—an Atlanta-based developer that has built apartments and high-rises across the country—is behind the project, and local architecture firm Carrier Johnson is in charge of the design.

Rent costs for 1919 Pacific Highway are not available yet, but since demand in that neighborhood is high, it’s safe to assume prices will be at a premium. According to the latest figures from Zumper, the median rent for a one-bedroom in Little Italy is $2,645—around $1,200 higher than San Diego’s average of $1,450.

 

See what $1.4 million will buy you

Pacific Gate will be 41 stories high and house 215 luxury condos when completed next year. | Image courtesy of Relevance PR

There’s been a lot of press coverage on Bosa’s ambitious Pacific Gate residential project, a 41-story tower being constructed on Broadway across from the Santa Fe train depot, and the public can get a sneak peak of the condos that will start at $1.4 million for a two-bedroom.

The Vancouver-based developer is hosting an event this Sunday, February 21, at its downtown sales office to unveil a model of Pacific Gate’s 215 units, which range from 1,240 to 2,608 square feet. Kitchens are fitted with custom-designed cabinets that open automatically, retractable pet dishes, and Wolf appliances. A TV is built into the master bathroom, along with a soaking tub made from volcanic limestone.

Bosa calls the project “super prime” real estate in its promotional materials, comparing it to properties such as One Hyde Park in London and Opus in Hong Kong. Sid Landolt, a marketing consultant for Pacific Gate, says the new San Diego development will be one of a few properties on the entire West Coast that can be considered super prime. Residents will have access to resort-like services when it opens in 2017, such as a guest suite, chef concierge, luxury car fleet, and private boat share, and there’s space on the lower floors for 15,000 square feet of retail.

 

Hillcrest townhomes debut this weekend

Atelier Uptown in Hillcrest is available for private showings starting this weekend. | Image courtesy of Team Cairncross

“Luxury living” seems to be this week’s theme, as another high-end property is taking shape over in Hillcrest.

Atelier, a complex of 12 townhomes near Third and Robinson Avenues, is scheduled to be completed in May. A release from brokerage firm Team Cairncross says each home is detached—there are no shared walls or foundations between units—and will have its own private rooftop terrace. Prices start at the mid $700,000s, and the homes are available for viewing starting this weekend.

 

House Hunting

Open houses to see this weekend

If you’re looking to buy a new home, are curious about what’s available in the current real estate market, or just want to get some design inspiration, this series showcases open houses that are worth a look over the weekend.

 

This home was remodeled by the same company that is featured on the show Flip This House. | Photo by Realty National/Screenshot from Redfin

This three-bedroom home in Rolando was renovated by the company affiliated with the A&E show Flip This House. It’s listed for $419,000 and open for viewing on Saturday, February 20, from noon to 3 p.m. and on Sunday, February 21 from noon to 3 p.m.

 

This Kensington home was built in 1926 and has Spanish-style architecture. | Photo by Ascent Real Estate/Screenshot from Redfin

We found this historic home in Kensington on the market for $485,000. It dates back to the 1920s and has wood flooring and a fireplace in the living room. See it on Saturday, February 20 from 1 to 4 p.m., and on Sunday, February 21 from 1 to 4 p.m.

 

A remodeled townhouse in San Carlos near Mission Trails. | Photo by Scott & Quinn Real Estate/ Screenshot from Redfin.

This townhouse in San Carlos has been completely upgraded and is listed as a “hot home” on Redfin. It’s close to Mission Trails Regional Park and priced at $399,000. See it on Sunday, February 21, from 1 to 4 p.m.

 

News Bites

 

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San Diego real estate news and gossip, from businesses opening and closing around town, to the neighborhoods that are buzzing with construction and which homes and buildings are being sold and where. Parklets, placemaking, lofts, design, cool workspaces, cool living spaces, big buildings, and tiny homes are things we find fascinating, especially right now in San Diego. The cranes are back in the downtown skyline, and so are many of our sources in the real estate industry, so you might see a heavy bent towards the urban neighborhoods here. But we see you up there, Torrey Pines Mesa. We know about your new companies, institutes, and hidden foodtrucks in office parks and cool cafes on the bluffs. And Del Mar and Carlsbad and everywhere in between. If you see a “For Sale” sign or a “coming soon” sign that we should know about, or just have a question about a building or a place, send an email our way.

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