According to the sales team at Sapphire Tower in the Columbia District, as of May 19, 2010, this new construction condo building is 70% sold out. Using my high level math skills, that means they have just 30 units left for sale of the total 97. I’m not surprised that their inventory keeps dwindling considering their location, the limited number of units per floor, and their fantastic pool deck. And views! Oh, and did I mention that the building is FHA-approved which means you can put down as little as 3.5%?
In a related story, on June 22, 2010 (tentative), the San Diego City Council will meet as the Redevelopment Agency to approve the bids for construction of the Quiet Zone (www.quietzonesd.info). Approval of a Quiet Zone so that trains are not required to blow their horns should no doubt serve to further increase the value of this building and really all of downtown San Diego. I’ve lived in the Marina District downtown for 10 years and they’ve been promising this since the day I purchased my condo. But now I think they are really close to making some actual progress.