Tijuana luxury condo project hopes to attract more San Diego buyers

From Tijuana condo to downtown San Diego, you can walk in 20 minutes

TRD New York TRD WEEKEND EDITION /
Oct.October 22, 2017 01:09 PM

(Toksave/Wikimedia Commons)

Tijuana luxury development, NewCity, is one step closer to completion as its fourth tower wraps up construction, marking a new chapter in the market’s maturity — and, possibly, a new opportunity between San Diego and the Mexican city.

Residents of NewCity can get to a downtown San Diego building in about an hour, according to the San Diego Union-Tribune. With units selling at comparable prices to the Texas city’s market and NewCity’s security and luxury amenities, the developer team is hoping to attract more Americans buyers.

Units are currently selling for between $170,000 to $315,000 depending on size and 10 percent of sales have been to Americans.

The $170 million project, which began in the late 1990s, currently consists of four condo towers — construction on a fifth is slated to begin soon — and will include health care facilities, a spa and soccer field when the 8-acre complex is completed.

[San Diego Union-Tribune] — E.K. Hudson


Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)

Nonprofit plans affordable housing development near Essex Crossing

Nonprofit plans affordable housing development near Essex Crossing
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
JPMorgan Chase CEO Jamie Dimon (Getty, iStock)

JPMorgan wants to invest $700M building rentals in Sun Belt states

JPMorgan wants to invest $700M building rentals in Sun Belt states
(iStock)

Mortgage applications drop despite posting annual growth

Mortgage applications drop despite posting annual growth
Arker Companies principal Alex Arker and 51-19 Beach Channel Drive in Edgemere (Arker Companies; Google Maps)

Arker Companies begins massive redevelopment of former Queens hospital

Arker Companies begins massive redevelopment of former Queens hospital
ButterflyMX CEO Cyrus Claffey (iStock; ButterflyMX)

ButterflyMX raises $35M to grow smart-intercom business

ButterflyMX raises $35M to grow smart-intercom business
76 Schermerhorn Street and 378 5th Street in Brooklyn (Photos via The Symon and StreetEasy)

It’s just one week, but Brooklyn luxury contract signings fell 50%

It’s just one week, but Brooklyn luxury contract signings fell 50%
565 Broome Street and 35 North Moore Street (Photos via 565BroomeSoHo and Google Maps)

Manhattan sees highest number of luxury contracts signed since early March

Manhattan sees highest number of luxury contracts signed since early March
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...