SAN DIEGO—ThePark, Bankers Hill has set the record for thehighest-price home sold in that submarket, and itsdeveloper Zephyr's CEO Brad Termini tells GlobeSt.com there willalways be a market for the best of the best. The penthouse at theproperty recently sold for $5.9 million, the highest-priced sale inBankers Hill's history.
A 14-story luxury residential buildingwith 60 homes and two street-level retail spaces,located directly across from Balboa Park, the Parkis, according to Zephyr, San Diego's first true homage to CentralPark-esque living and is attracting buyers from New York inanticipation of the building's completion in the fourth quarter ofthe year. We spoke with Termini for an update on the projectand what developers of other luxury projects can learn from it.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
