Andrew Hamlin 11 a.m., Dec. 6
A New Plan for Survival at the Vantage Pointe in the East Village District in Downtown San Diego!!
The Vantage Pointe’s Canadian developer is now seeking state approval to change the marketing strategy to be able to improve the plan to bring new residents into the largest condominium high rise in Downtown San Diego. The developer wants to divide the 40 story Vantage Pointe in the East Village/Ballpark District into 5 residential projects. In May, Vantage Pointe returned deposits to nearly 300 original buyers and this is also when the decision was made for the new marketing plan. Read our former blog Downtown San Diego’s Vantage Pointe is Returning Every Buyer’s Deposits.
Last week the 679 unit Vantage Pointe project opened to a group of selected buyers and real estate brokers who were able to see model units, the grand lobby, lap pool, gym and sun deck.
The plan is to rent 244 homes in the central part of the building. Before doing that it must first pass muster with the California Department of Real Estate before individual Condos can be sold.
Vantage Pointe is working on getting FHA and VA approved and its just a great opportunity for the first time homebuyer to invest in homes for sale in this growing infrastructure with a cement building and quality construction.
It is interesting that Lori Weisberg at the Union Tribune is mentioning in her article, Vantage Pointe project: a new plan for survival, that sales of new Condos for the first 6 months of 2009 were down 52% compared with earlier year, resales condos a 13% increase, according to MDA Dataquick.
92101 Urban Living revealed totally different numbers. Read more in our former blog Downtown 92101 Q2 Condo Sales Reveal that the Developer Wars Continue.
Located in Downtown San Diego’s East Village District on the North side of B Street, between 10th & 11th Avenues. Ten Fifty B will be a 23 story high rise mixed use project with 229 Studios, 1, 2 & 3 bedroom units and approximately 14,000 square feet of retail space on the north side of B Street.
6 years ago when the developer started the Vantage Pointe project Downtown San Diego were still booming and housing prices were on the rise.