The Centre City Development Corp. (CCDC) — working on behalf of the city of San Diego, ROEM Corp., Pacific Housing Inc. and Squier Properties — celebrated the grand opening of Cedar Gateway Apartments, a 65-unit affordable housing community for low-income families and individuals, on March 21.
Twenty-three of the apartments provide supportive services for individuals with special needs.
The final component of funding, which enabled the project to go forward, was $14 million in federal stimulus funds through the American Recovery and Reinvestment Act (ARRA).
Cedar Gateway was the first affordable housing project in the state to receive funding from the ARRA program.
In 2009, Cedar Gateway stood on the brink of collapse, as the national financial crisis virtually eliminated affordable housing investment.
“This recession has hit a lot of families and individuals hard,” said San Diego Mayor Jerry Sanders. “Some who were getting by before were devastated to find themselves facing homelessness.”
The $33 million project was financed with a combination of private and public funding, including $8.9 million from CCDC on behalf of the city of San Diego, ARRA, the county of San Diego’s Mental Health Services Act (MHSA) Housing Program, the California Housing Finance Agency, the California Department of Housing and Community Development’s Multifamily Housing Program (MHP), Corporation for Supportive Housing, Citibank, and the CALReUSE environmental remediation program.
Cedar Gateway consists of apartments on seven floors above more than 4,300 square feet of ground level retail space, including the 23 units designated as permanent supportive housing for adults and seniors with mental disabilities.
Centrally located where Balboa Park meets downtown San Diego, residents at Cedar Gateway enjoy access to employment, health services, recreation, museums, the San Diego Public Library, the San Diego Zoo, Petco Park and public schools.
The project is designed to exceed Title-24 standard by 34 percent with the integration of energy-optimizing features, using environmentally-responsible building construction and using sustainable building materials.
Cedar Gateway’s other environmentally sensitive feature includes a 3,500-square-foot eco-roof.
Five-, six- and seven-story segments of the building surround an outdoor atrium, with plantings and seating areas.
The apartments rise above the retail elevations, and feature private balconies and painted concrete siding broken by metal-clad elements, topping off with flat rooflines.
The 23 one-bedroom units designated as supportive housing units rent to households with income levels at or below 25 percent of the Area Median Income (AMI), while the remaining 42 two- and three-bedroom units rent to households at or below 60 percent of the AMI.
The supportive housing units provide very affordable housing with services for previously homeless, disabled adults and seniors.
Each resident of the Supportive Housing will be eligible to receive services and support from Heritage Clinic or the Community Research Foundation.
Supportive housing enables the homeless individuals with disabling health conditions to live more stable, independent lives.
It is a combination of affordable housing and services, which includes mental health, substance addiction, employment and other services.
Expanding the supply of supportive housing downtown is a strategy in the Ending Homelessness in Downtown San Diego campaign, a collaborative effort spearheaded by the Downtown San Diego Partnership and CCDC, in partnership with the United Way of San Diego County, the county of San Diego, the U.S. Department of Veterans Affairs, and the San Diego Housing Commission.
It is estimated that it costs taxpayers anywhere from $35,000 per year to $150,000 per year to sustain a person in homelessness, whereas it costs from $13,000 to $25,000 per year to provide a permanent, stable place to live with appropriate services that enable them to remain housed.
Invite your friends over to watch the ballgames at Petco Park from the comfort of your living room & private balcony.
This penthouse level unit is beautifully appointed with new rich hardwood floors, stainless steel appliances & wrap around windows.
With 2 bedrooms & 2 baths, this property offers the convenience of 2 parking spaces & a spacious storage area. ICON’s resort-like amenities make this opportunity too good to miss at just $725,000!
Located in Downtown San Diego’s East Village – home to many artists, studios, galleries and shops – this area has been dubbed the SoHo of the West!
ICON’s amenities include: The ICON Skybox on the 26th floor, a fully equipped community room, large and spacious fitness center, a theater room, and 24 hour Community attendants and security.
The Skybox allows residents to look down into PETCO Park and barbecue as they watch the game. Or the Skybox can simply present spectacular view of the San Diego Harbor, Downtown cityscape, Balboa Park, and beautiful Coronado.
Click here to view a virtual tour!
This highly desirable SW corner unit is available for sale at the Mark!
With great city views and a peek of San Diego Bay, this 1 bedroom/1 bathroom with large balcony is a terrific choice for city living. This home is priced from $399,000 to $425,000.
This residence boasts Floor to ceiling windows and 10ft ceilings add light and sense of space.
Click here for floor plan! Experience Petco Park, the Gaslamp District, and entertainment at your doorstep.
Live, work, and play in downtown San Diego!
The Mark is renowned for excellent management and concierge service, quality construction and amenities, and great location and accessibility to all downtown’s restaurants, entertainment and sports.
At the Mark, you’ll find a state of the art exercise room; not to mention lap and hydrotherapy pools, spa, outdoor shower, grilling areas, restrooms, as well as a Zen-inspired courtyard.
Additionally, the Mark offers three elevators, 24 hour lobby attendant, security and much more.
People who live here enjoy the fact that in just a short walk, you can be at Petco Park or all the shops, restaurants and galleries nearby.
Start with “Stunning”
…and add all the adjectives you know to describe the views and location of this incredible Electra residence.
Don’t let the perfect condition and model-home interior fool you – it is remarkably priced and ready to welcome you home!
This spacious floor plan includes 2 bedrooms & 2 baths on either side of the unit and 2 large balconies.
The den has gorgeous city and water views and can easily be converted for even more expansive views.
The Master is generous in size with access to the west facing balcony and boasts a large walk-in closet and gleaming marble bath.
Electra is one of downtown’s most iconic towers built within the historic SDG&E building.
Luxurious amenities, wonderful walking location to waterfront, Little Italy, Gaslamp and Petco Park. Downtown just keeps getting better and better!
This home is currently offered for sale at $899,000
Parking 91/92(p2) tandem | Storage m230(p2)
Amenities:
24 hour attendant in Electra’s stylish port cochere entryway Read the rest of this entry »
Discover Discovery at the Top of the World! 
This is how you’ll feel when the sweeping views from the Coronado Bridge, ocean, bay and Balboa Park are displayed before you from this elegant pied a terre on Cortez Hill.
Enjoy penthouse privileges with only 4 units per floor and no common walls for maximum privacy.
The west facing living room and den feature floor to ceiling glass with stunning views in all directions day and night. Click here for floor plan!
The kitchen features granite counters, gas cook-top and walk-in pantry.
The Master is a lovely, soothing room to relax with views of Balboa Park and walk-in closet.
The bathroom is upgraded with expansive walk-in shower with dual shower heads.
The second bedroom has been upgraded with glass French doors to open to the Master or close for privacy.
Ideal Master Retreat or nursery?
For urban living with less noise and traffic, but ease of access to everything downtown has to offer, you will want to call this home.
Fabulous common amenities include staffed lobby, concierge service, security, fitness center, sauna, steam, BBQ area, pool/spa, business center and meeting room and separate bike storage areas.
This unit comes with side by side parking on the first level and convenient access to additional storage area. Parking: side by side 285/286 & Storage N-156.
This home is priced at $799,00. HOA fees are $701.23 per month. Check out the virtual tour!
Read the rest of this entry »
Ruocco Park, construction of Downtown San Diego’s newest park is progressing!
Ruocco Park San Diego View From Park Place Balcony
The construction of Ruocco Park began a couple of months ago and is scheduled to be completed by the end of 2012. Ruocco Park is located on 3.3 acres along the San Diego Bay waterfront on the North side of Seaport Village. Ruocco Park with be a beautiful green space with lots of trees, ornamental horticulture, and art.
Most residents living at Park Place, 700 W Harbor Dr San Diego CA 92101 will have a view of the park. A portion a building called Harbor Seafood Mart was demolished to make room for the new park. Demolishing the building enhanced the view for Park Place residents. The photo was taken 1/17/2012 from a balcony of a South facing Park Place condo. Park Place is a 30 story high-rise tower, with 178 condos, built in 2003 by Bosa Development. Bosa also built Discovery, Horizons, The Legend, Electra, The Grande, and Bayside. Park Place is one of the most desired Downtown San Diego condo buildings because of the quality of construction, floor plans, location, and amenities. Amenities at Park Place include 24 hour lobby attendant/concierge, 24 hour security, Guest Parking, fitness center, community lounge with pool table, full kitchen, and wide screen tv, pool, hot tub, and BBQ area. CLICK HERE TO SEE ALL PARK PLACE CONDOS FOR SALE.
Beautiful 2 story Downtown San Diego Marina District Penthouse For Sale at Horizons Condos!
Stunning 3 bedroom 3 bath 2 story Horizons Penthouse with 2488 square feet!!! If you’ve been looking for a 3 bedroom condo in one of Downtown San Diego’s luxury high-rise buildings, you know they are rare!
This 2 story condo is located on the 20th/21st floors, and is very unique with floor to ceiling glass and open atrium which creates a dramatic impact upon entry.
The floor plan is very open and works well for entertaining. The dining room is spacious, boasting 2 walls of floor to ceiling windows offering incredible views of the Downtown San Diego skyline and San Diego Bay.
There is also a bedroom and full bath on first level, perfect room for guests. There is a beautiful curved staircase leading to the 2nd level. The loft area on the 2nd level looks out over the living room and with the 2 story glass wall in living room, there are great water views. Asking price $1,250,000-$1,350,000.
CLICK HERE TO SEE PHOTOS
Horizons, is a twin tower with 25 stories, built in 2001 by Bosa Development. Bosa Development also built Discovery, Park Place, Electra, The Grande North, The Grande South, and Bayside. Horizons has great amenities… lobby attendant, 24 hour security, 17 Guest Parking, pool, spa, sun deck, BBQ area, community room, and fitness center.
CLICK HERE TO SEE ALL HORIZONS CONDOS FOR SALE
CLICK HERE TO READ ABOUT THE 2007 SQUARE FOOT PENTHOUSE ON SOUTHWEST CORNER OF HORIZONS
A Must Read for Prospective Homebuyers
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In the 1960s Lyndon Johnson illustrated a correlation between homeownership and accountability by stating “owning a home can increase responsibility and stake out a man’s (or woman’s) place in his community…
The man (or woman) who owns a home has something to be proud of and reason to protect and preserve it.” More than 50 years later, this statement still holds true.
Appreciation – Making the decision to buy a home at the current rates will almost ensure your home’s appreciation in the future. Mortgage rates are near historic lows and home prices in many parts of the country are down. This is the perfect recipe for home appreciation. Further, many foreclosed homes are available for a fraction of the original cost. Once the market rebounds, this can translate to a higher profit if one decides to sell.
Property Tax Deductions – For income tax purposes, real estate property taxes for a vacation home and first home are fully deductible. The IRS Publication 530 provides detailed tax information for first-time home buyers that may answer many questions about what deductions homeowners are eligible for.
Preferential Tax Treatment – If you own your home for more than a year and receive more profit than the allowable exclusion after the sale of your home, the profit will be considered a capital asset. Capital assets are given preferential tax treatment.
Equity Building – Many factors such as credit qualification, loan flexibility, and annual percentage rate (APR) contribute to the final decision of what type of mortgage loan best fits your goals (FHA, conventional, adjustable rate mortgage, HARP). Yet, a new trend being used by some homeowners is to actually add money to their monthly payment to decrease the principal balance of their loans at a much faster pace. This trend is called equity building.
Equity builders usually select a home loan with a lower interest rate (and a shorter term loan such as a 15-year fixed) to help build equity faster. This rapid payment process allows borrowers to: pay off the principal balance faster, lock in near-record-low interest rates, shorten the length of their home loan, and own their home faster while paying substantially less mortgage interest.
Pride – Homeownership offers many benefits to many different types of people. For some homeowners, playing your music as loud as you want and painting the walls the color of your choice is a perk. No matter who you are, homeownership is a large purchase, a major financial commitment, and an adventurous journey that’s sure to bring you pride!
The median list price in SAN DIEGO, CA this week is $275,900. The 871 properties have been on the market for an average of 134 days (Condos & Townhomes).
Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
Supply & Demand: In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.
The median list price in SAN DIEGO, CA this week is $275,900. The 871 properties have been on the market for an average of 134 days (Condos & Townhomes).
Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
Supply & Demand: In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.
FOR MORE INFORMATION ON DOWNTOWN, SAN DIEGO SALES, VISIT WWW.BROADCASTSANDIEGO.COM
Market update information provided by Pickford Escrow 1.2.12
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Port of San Diego Big Bay Balloon Parade
“America’s Largest Balloon Parade”
Port of San Diego Big Bay Balloon Parade “America’s Largest Balloon Parade” Presented by San Diego County Credit Union;A Bridgepoint Education Holiday Bowl Production.
When: Wednesday, December 28, 2011
Time: 10:00 a.m.
Where: Downtown San Diego
The scenic, bayside streets of downtown San Diego will come alive with the 2011 Port of San Diego Big Bay Balloon Parade, presented by San Diego County Credit Union – a Bridgepoint Education Holiday Bowl Production. Purchase Your Tickets Today!
 As always, this exciting family event brings together world-class marching bands, magnificent floats, entertaining drill teams, and a procession of enormous balloons-more than any other parade!
Over 100,000 street-side spectators will enjoy the parade along with a nationwide television audience.
Click here for a copy of the parade route!
Parade festivities will begin in the television area with the finals of the 15th annual Wienerschnitzel Wiener Nationals and the Bumble Bee Foods 5K. After the parade, activity will continue on Broadway Pier with games, entertainment at the annual Family Festival, sponsored by Amtrak. Click here for more on the Family Festival.
The parade telecast is produced by Cox Communications and can be seen locally on Channel 4 San Diego. The parade will also be televised nationally. Click here for Parade FAQ’s.
You can be in the Parade!
Volunteer
To volunteer for the 2011 Port of San Diego Big Bay Balloon Parade, click here!
Parking
Reserved disabled parking will be available to parade attendees by the ConVis International Visitor Center, located at the corner of Harbor Drive and Broadway. Please be advised that Harbor Drive will be closed at 7:45 a.m. and the San Diego Police Department will be checking for proper placards. No cars will be allowed on Harbor Drive after 8:30 a.m. so please arrive early.Purchase Your Tickets Today! Read the rest of this entry » |
