May 02, 2016
Amidst a slew of multifamily residential construction in Bankers Hill, one project literally stands out. The Park condominium tower will rise 14 stories above Sixth Avenue and Palm Street, offering unobstructed views of Balboa Park and the San Diego Bay from penthouses featuring sophisticated design elements and high-end finishes. With pricing starting at $1.4 million, The Park’s 60 condominium units will be among the most expensive in San Diego.
We are shooting to exceed all expectations when compared to other luxury offerings, said Brad Termini, CEO of Zephyr Partners, the development firm behind the project. It’s really the perfect combination of location, design and quality that’s really unmatched.
Slated for completion in April 2017, The Park will comprise 52 units in a glass-and-marble tower and eight townhomes facing Balboa Park. Ranging from 1,600 to 4,200 square feet, the interior spaces will feature d’cor by acclaimed interior designer Lorena Gaxiola. Design elements such as DuChateau wood floors, Caesarstone quartz countertops and Boffi Italian cabinets will accentuate the modern architecture.
Designed by the architectural firm DIALOG, each unit will incorporate outdoor spaces with an average of nearly 500 square feet. The tower units will feature expansive balconies with stone fireplaces and outdoor-living furniture with seating for at least eight guests.
Every residence in the tower is a corner unit, and each of the four condominiums per floor have direct elevator access.
The two-story townhomes, meanwhile will each envelop a small courtyard, accessible via a folding glass wall.
The shared amenities include a lounge with private wine lockers, a state-of the-art gym and indoor/outdoor yoga center.
While the building offers first-class comforts, Termini said that Balboa Park with its options for recreation, dining and performing arts is the biggest draw.
We could build all the new bells and whistles but there’s no amenity like having Balboa Park at your doorstep, he said.
Having broken ground in late September, construction of the underground parking structure is nearing completion. General contractor Balfour Beatty Construction plans to pour the concrete for the street-level slab in late May.
That’s when everybody gets to see what we’re really doing out there, said Dan Dumke, vice president for commercial-sector operations in Balfour Beatty’s California division.
Upon completion, the building will contain 2,000 tons of steel, 30,000 cubic yards of concrete and 68,000 square feet of glass. With the glass glazing, the exterior facade will feature Volakas marble quarried in Greece and milled in Texas.
The level of finishes and quality of the materials used in the building is unlike anything done, Termini said. Every element of the building is meant to exceed expectations.
A dozen units have been sold so far, with move-ins expected to begin next summer.
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