Cortez Hill

One of the city’s oldest residential neighborhoods, Cortez Hill’s namesake, The El Cortez Hotel, is perched on a hillside. Historic and restored, it is now home to condominiums. Dotting the surrounding area are apartments, modern loft buildings, row homes, town homes and original Victorian Style homes with expansive views of Balboa Park, the bay and the ocean; the beauty of lavender jacaranda trees framed by San Diego’s blue sky and big bay. With a birds eye view of the urban scene below, Cortez Hill is quiet yet not far from the city’s hustle and bustle-it’s the best of both worlds.

Schools, churches and a pedestrian-friendly environment now characterize Cortez Hill. Shops and sidewalk cafes line Fifth and Sixth Avenues with Ash Street providing a gateway to the waterfront. The intimate neighborhood feel, diverse housing opportunities, proximity to downtown’s core and Balboa Park, along with its waterfront and mountain views makes Cortez Hill a desirable, hilltop neighborhood.

Aria

Aria is centrally located and is close to restaurants, shops, businesses, recreation and entertainment Downtown San Diego has to offer, without the noise some areas in Downtown San Diego.  Aria was developed by The Anka Property Group, an award winning Australian property development group specializing in innovative commercial, retail and residential projects including hi-rise condiminiums and brood based community neighborhoods. Inspired architecture, enormous outdoor terraces, state of the art security, and ample parking and storage are a few of Aria’s appealing features.  A great location and opportunity.

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Cortez Blu

Cortez Blu: on the corner of 8th Avenue and Ash Street in Cortez Hill.  This complex offers 67 Condominiums that are available with the options of either 1 or 2 bedrooms. Cortez Blu is a 20 story tower and is a Project developed by K. Hovnanian and designed by the Architectural Firm Martinez and Cutril.  Set atop of Cortez Hill, one of San Diego’s oldest neighborhoods, still lined with Victorian-style homes.  San Diego Zoo and Balboa Park are some of the nearby landmarks and this elevated neighborhood provides breathtaking views of the city and ocean.  Cortez Blu is the prime place for living in Downtown San Diego yet away from the hustle and bustle.

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Discovery

Discovery: is located on the corners of Beech and 8th Street at the top of Cortez Hill.  Discovery is a luxury high-rise of concrete construction and was built by BOSA in 2002.  Surrounding landmarks include Balboa Park and the historic El Cortez.  Building amenities are luxury, as it has one of the best roof decks and one of the best lap pools (10th floor) in all of downtown.  Investment opportunities and selling features include: 1- and 2-bedroom floor plans, ability to buy more square footage relative to other downtown neighborhoods, most units have very nice views and contemporary appointments, it’s a quiet residential neighborhood with access to some of the busier areas of downtown, and it’s one of the top five luxury high-rises in all of downtown.

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Solara Lofts

The Solara Lofts:  the newest loft properties to be delivered to the Cortez Hill neighborhood.  The developer of this project is 1515 Partners LLC.  This very unique project is an eight story office building that was converted into 77 loft style condos.  The result is an environment with one of a kind appointments and floor plans.  Solara Lofts is perfect for the upscale loft concept.  All of the floor plans are street facing, as there is no interior courtyard.  The developer is offering very unique concepts to separate the open loft spacing with sliding glass and wood doors.  All the appointments have been well thought out, from the large functional windows, to the bathrooms, and the storage space within the units themselves. Solara lofts also features guest parking, and spa like complex amenities for use by the homeowners.  There should be a-lot of room for the prices per square foot to rise in the coming years.  Right next door, the developer has proposed the construction of a 23 story Tower called Solara Tower.  This tower will feature common areas and pool/spa amenities that will be accessible to both buildings.  Potential investors should watch the final approval of this tower very carefully, as it should significantly add the already unique and valuable urban homes at the Solara Lofts.

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The Mills at Cortez Hill

The Mills at Cortez Hill,  two buildings, one located on the corners of 6th and Cedar, and the other located on the corners of 7th and Cedar, in the Cortez Hill neighborhood.  Both buildings are mid-rises made of steel-frame/wood construction and were completed by Skandia Real Estate Group in 2004.  The Mills is within walking distance to Balboa Park, close to Little Italy and Southern Hillcrest.  Monthly HOAs are moderate relative to other downtown complexes and amenities include a gym, pool table, and three levels of underground parking.  Investment opportunities and selling features of the Mills include: the building being moderately priced, some of the unique floor plans include street-level town home units and top floor contemporary loft units, the building features a historical landmark community center, the ground floor of the complex features World Market (natural market & deli), and the community within the complex is very close nit.  Some of the units, however, are close to the S-curve of the 5-freeway causing noise issues that need to be closely analyzed.  The Mills is a great

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