This is San Diego: Balboa Park. Padre’s Baseball. Beaches for miles. Shops and cafes and historical churches. All these things and more. Here, you’ll find footsteps of the first settlers of San Diego, demonstrated by ancient architecture. Notice the modern high-rise condominiums, sophisticated mid-level complexes, and the Victorian architecture. Given its all-encompassing atmosphere and proximity to the I-5 freeway, Cortez Hill’s location is ideal for both pedestrians and automobiles. This magnificent district was named after its feature attraction, the El Cortez Hotel. With new housing projects developing, the Cortez neighborhood rebuilds itself and transforms into one of the best housing projects area in the city of San Diego. Furthermore, the high-value housing and parking projects upgrade the aesthetic of the neighborhood.
Project 6th & A
First, this gigantic project includes a 43-story, 401-ft tall residential tower. It comprises of 389 units & 5746 square feet of commercial space. When completed, it will create around 33 affordable houses and 433 parking spaces. These 33 affordable homes are reserved for tenants with low-level income. In addition, the podium level (Level 8) provides 11,700 square feet of common outdoor space. This open space contains amenities such as pool, a public space for pets on the eighth floor, and a drainage section connected to the sewer system. The development sits on the north side of A Street, between Sixth and Seventh avenues. The project boosts affordable houses in the area. The proposers of this massive project are Malek Investment Group, LLC.
Not only will the new 6th & A project generate massive housing opportunities, but it will also create jobs. According to the estimates made by the CivicSD, this project will create 408 construction jobs and 35 permanent jobs.
Project 800 Broadway
Another mega housing project comes in the form of a 40-story, mixed-use, development project with 384 dwelling units, approximately 21,000 square feet of retail space, and 358 parking spaces. The developer plans to include 34 affordable units. The Minto Investment Group, LLC proposed the project. Located between 8th & 9th avenues in the East Village neighborhood, the 800 Broadway project spreads across 20,000 square feet of land.
Along with generating a massive housing opportunity, according to the estimates made by the CivicSD this project will create approximately 413 construction jobs and 94 permanent jobs.
From the massive housing redevelopment projects and positive support from the CivicSD, economists predict the area to become a significant hub for residential and commercial activities. If you are planning to buy a condo in downtown San Diego but not sure where to start, contact Claudette Cooper at (619) 825-1974 today.