SDCal beat me to it. At least we know that someone else in San Diego is sick of the stupidity.
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Looks like Ballpark Village is getting a unit increase (and a slight sqft decrease):
http://www.civicsd.com/meetings-and-...l-meeting.html Original unit count: 622 New unit count: 720 Original sqft: 1,016,209 New sqft: 1,004,810 Whatever, that's over 100 more units. :D |
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I tweeted the port about the nevp and this was the response.
Port of San Diego @portofsandiego Sep 23 @---- We should be making an official announcement soon, but we expect it to be by the end of the year. |
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On a side note, I just drove north on the 5 from the south bay (I rarely go south of DT) and was pleasantly shocked at the enormous size of 15th/island. This is an absolute game changer for the East Village. :tup: |
Ballpark Village Bust...
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Since the developer is adding 100 more units, each unit is going to be super small. The square footage of the tower did not increase (but amount of parking did decrease), just the amount of units. I heard because of that a lot of the units are losing the planned patios for juliet balconies because they need that square footage for more indoor space. Outdoor space is essential in SD, right?!?!? I live in the East Village and I feel the whole neighborhood is turning into rentals. 13th and Market is brand new, 15th and Market just opened, Urbana is under construction, same with 688 lofts and of course the high-rise going up at 15th and Island. That is over 2500 new rentals and no new condos to sell. This city needs more condos yesterday, the inventory for sale is super low. Not sure what developers are waiting for?!?! It is not like you break ground and finish a high-rise in months. By the time Ballpark Village would be complete, I bet they would be close to 100% sold - especially because the last condo building finished was Bayside in 2009. I am all for development and lots of it..as tall as you can build it with as many condos/apts you can get in there (including convention center expansion and downtown stadium), but not when it doesn't make sense. The developer created this amazingly beautiful project and then ruined it with 500sqft 1 bedrooms, 800sqft. 2 bedrooms and 1000sqft 3 bedrooms. Thats tiny!!! I think San Diego deserves better and that we shouldn't just build projects "because it is better than what is there." |
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With regard to EV, it's probably a case of timing and economics. Apartments probably pencil out better due to the lower cost of land (as opposed to Marina, etc.). As well, there is still land availavble. I imagine that as the area has cleaned up a bit, more condos will go in soon. Regarding apartments and downtown, I am glad to see so many apartments. Rentals likely mean younger residents and possibly more street life, etc. |
I think this article from SDDT pretty much explains why building condos right now has been considered risky:
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In the meantime, we need to build as many apartments as possible. The rental market is on fire, and we need supply to keep rents from growing exponentially. |
Good article SDfan, very eye opening so now we know why condos aren't being built. I just hope BOSA gets moving on his Broadway tower soon that will really make a huge addition to the waterfront with what looks to be world class architecture.
While 15th and Island is nice I'm kind of ready for other projects to get going I thought Ballpark Village would have broken ground by now. It will really compliment 15th/I very well because now it is just kind of out there on its own. I'm crossing my fingers for a 450 to 500 footer at the Library Towers site as well. That will give East Village a really nice cluster of talls. Was at Blue Sky yesterday Swinerton Sign is up but no activity. We need some other projects to come online like 11th and Broadway. |
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I hope 11th and Broadway is eventually completed. The company, Pinnacle, is behind the projects and 15th and Island. If they market to more of a middle class clientele (versus all the "luxury" complexes going up) they could have a hit on their hands. I read an article somewhere about the rental market in SD though, I think in the daily, and I guess a lot of real estate professionals are getting worried about over-saturation of the market downtown. Demand for apartments is huge in the region, but concentrating all of our efforts in one area can be detrimental. They also said the uptown, north park markets are on fire and that new development would ease the demand there but given all the restrictions things are unlikely to change. That's probably the most frustrating thing for me personally, given the illogical reasons for not building up in the urban core. :sly: |
I agree we are lagging on towers right now, so many are approved and ready to go but no activity is moving forward. Good luck with Pinnacle focusing on middle class when was the last time a high rise tower wasn't branded as "luxury"? I wish there were more towers that were middle class oriented, we shall see.
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Does anyone know when the 2nd tower at 15th & Island is to start construction?
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Anyone know when Ballpark Village breaks ground?
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Spoonman: Last I heard they wanted to break ground sometime this winter or early next year on BV.
StaplesLA: Don't quote me on this but I believe that Pinnacle plans to break ground on tower 2 in 2016 sometime, I could be wrong though. |
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This may be the silver bullet that helps the city take a stand against NIMBY's.
http://voiceofsandiego.org/2014/09/3...es-with-teeth/ |
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