Behind Bankers Hill’s Luxury-Condo Renaissance

Termini: “Great things are happening in many parts of San Diego, but I think the renaissance in Bankers Hill is uniquely different because it’s being driven by a diverse group of national and international buyers who are recognizing the unparalleled lifestyle advantages available in the neighborhood.”

SAN DIEGO—People want to live in amenity-rich, walkable environments, and Bankers Hill’s Balboa Park is one of them, Zephyr’s co-CEO Brad Termini tells GlobeSt.com. As a result, the firm reports that the luxury-condo market is back in this submarket, as evidenced by developments currently under construction and recently completed there, including Zephyr’s the Park, a 14-story, 60-unit residential building with two retail spaces, slated for completion in 2017; ColRich’s Vue on 5^th, a seven-story, 45-unit luxury-condo project, with pricing for 40 single-level flats starting in the $700,000; Icon Properties’ 41 West, a 10-story building, featuring 41 two-bedroom condos, and a 3,000-square-foot retail space; and Alliance Residential’s Broadstone Balboa Park,  a seven-story, 100-unit midrise building offering a mixture of historic bungalows, row houses, studios, one- and two-bedroom units and penthouse lofts.

We sat down with Termini for an exclusive chat about the resurgence of luxury condominiums in this area adjacent to the core of Downtown San Diego.