Ian Anderson

Ian Anderson is a Reader contributor. See staff page for published articles.

Comments by whiskycritic

If they build it, you can retire early

I tried to figure out what the worth of such property should be, but considering undeveloped property in Point Loma only usually exists as a hypothetical, the real estate savvy people I reached out to didn't feel comfortable speculating. The math says it went $40/sq ft for the undeveloped property, with construction costs adding near $75/sq ft, meaning the post construction investment for Monarch would be $115/sq ft at ~$47 million. If they turned around and sold it for double that (a simplistic estimation, I know), that would raise it to $230/sq ft. Looking as sites like trulia.com and zillow.com, I see single family homes in the PL area on the market for closer to $400/sq ft. Not scientific or reliable, but safe to assume it's a pretty reliable long term investment for Monarch, with rental income likely to hover in the $4 million range annually, presuming an average rent of $1800/month (which seems to be the figure going around currently). Perhaps more telling is that SDUSD would have sold the Barnard St. property for as low as $10 million (< $22 sq ft). Clearly the Mission Beach property proved more valuable, at closer to $190/sq ft. Again, all I can do is simple math, which is why I left this stuff out of the article. Valuation's best left to people above my pay grade, and presumably above those of school board members too.
— November 8, 2014 11:53 a.m.

Fish Bucket holds a lot of swai

On the other hand, it's a comfort to know swai probably isn't in the [half of Southern California seafood that's mislabeled.][1] [1]: http://oceana.org/en/news-media/press-center/pr... I wouldn't want to see it turn up at Ironside or Juniper & Ivy, but think it worked here as a fishstick, with crisp breading and lots of dipping sauce. Actually, I might be curious to see what Blais would come up with, swai-wise.
— October 22, 2014 5:45 p.m.

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