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Subject: Sales Progress at aperture

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Author Messages
Next Door

11/18/2007 9:24 PM Alert 
I noticed that people are starting to move in. What amenities are included with this building? Rooftop deck? Gym? Pool? $HOA?
Re: Next Door

11/19/2007 1:58 AM Alert 
HOA does not include gym or pool. It's high because there are only 86 units splitting the expenses where as M2i have 230 units to split the expenses.
Troy Lee Wells

11/30/2007 10:45 AM Alert 
Posted By n/a on 08/25/2007 8:43 AM
This is a good looking building. I also like the new apartment building around the corner. Does anyone know what type if any retail is going into these two buildings?


I walked by Aperture last night and saw a sign that says a Spicy Pickle is going to be in the North West corner of the building: http://www.spicypickle.com/ I assume the other building you are talking about is Current? There are still no signs as to what retail will be in the building.
Anonymous

11/30/2007 12:11 PM Alert 
Posted By n/a on 08/26/2007 4:50 PM
Asking for a quick escrow so I can move in 1st of October, along with the other "few" people who have dared to purchase :)

Tried to haggle on the price, but they were not going to have a bar of it, however I used [company] as my broker and they give 2% of the standard 3% commission back to you, which I applied to the closing costs, which a slight saving saving. I initially asked if I could save the entire 3% by going into the sales office without a Real Estate agent, but they were not going to have a bar of that (which annoyed me), the Smart Corner people were more than happy to give me 3% off the price if I used them to write the purchase agreement (which is kinda nice).

I only got the upgrades to the unit by using their lender (Wells Fargo), which I have used before for a home loan, and I really like them, plus I got a really good rate, so I was fairly happy all around, still, putting 10% down is scary, especially if the market drops another 5%-10% which I think it will, but I have a need to own a place now as I am moving to SD for work, such is life :)


Dog lover, did you move in as planned yet? If so, how do you like it?
guest

12/20/2007 11:40 AM Alert 
Seems to be people moved in. I looked at a few units and they look great. If nothing else the architecture is a lot better than what I have seen in previous projects around town.
Doubtful

12/20/2007 11:56 AM Alert 
I don't see any closed sales for 1494 Union St.
There are 86 units at the project. How long will it take them to sell out the project at this rate?
ApertureFan

12/24/2007 11:29 AM Alert 
Actually, they've closed about 30 units so far on just about every floor with a mix of one bedrooms, two bedrooms, and a penthouse (11 stories, penthouses 10th floor, 2 stories.) All three first floor units have closed. Spicy Pickle goes in sometime soon I think. Anyone know about the other two commercial spaces?
Anonymous

12/24/2007 1:00 PM Alert 
What is the address of the closed sales. I don't see them anywhere on SDLookup or the SD County Sales database?
M-Ray

12/26/2007 10:15 AM Alert 
Hi, so good to read everyones feedback. I am trying to negotiate at Aperture right now for a 1 bedroom. I like the building but am questioning the HOA cost as there are NO AMENITIES at all! I also have concernes about the asking price. Even though it's a great looking building with a good location and good finishes, have the prices leveled out enough in the area to make it a good buy?? I must buy now as I've moved from OS, any suggestions anyone? I really had my heart set on a pool and gym but the prices of HOA downtown are ridiculous!!
Anon54

12/26/2007 10:24 AM Alert 
I would buy a secondary condo at Discovery, Treo or La Vita instead.

If you want a pool then get one. Treo has the best pool in the Little Italy area in your price range. Discovery has one of the best downtown. La Vita's kind of sucks as it rarely gets any sun. It's good for swimming laps.
tijknha
Posts:21

12/26/2007 10:26 AM Alert 
What are the HOA fees for Aperture?

There are going to be a HUGE number of foreclosures in 2008 that further depress this market. Why don't you rent till 2009 when (I'm guessing) prices should have bottomed out?
Waiting for 2010

12/26/2007 11:30 AM Alert 
I agree that 2008 will be much worse.

1) The 2006 and 2007 foreclosures have not even sold yet.
2) Foreclosures in 2008 will be much worse.
2) 2010 is the earliest foreclosure inventory will clear.

Buy now are your own risk. If you buy now, all the more power to you. BUT don't bitch if your condo drops in value and/or the HOAs sky-rocket due to depleted reserves. I'm so sick of the homeowners crying crocodile tears.

nydave

12/26/2007 12:14 PM Alert 
 I have been looking at the downtown area for about 4 years. I haven't gotten a good feel for what units are renting for. For example what are 2 BDRM's that were selling in the 700k range now renting for? Also what are 1BDRM's that were in the 600k selling point renting for? I don't see how these prices can stay as high as they are. How are any investors making money from rental income?

Thanks to all who reply

Dave
DT Renter

12/26/2007 12:34 PM Alert 
In the best buildings,

1-Bedroom should be $1500 - $2000
2-bedroom should be $2400- $3000

Don't pay more. Look around and drive a hard bargain. You won't get it if you don't ask. If they refuse, move on to the next one. It's easier if you have sibbling or parents you can live with while you negotiate. Don't buy too much furniture (junk) so you move easily. If you have great credit and a good job, you can get the pick of the litter.

Landlords don't like to lower the rents. Ask for something like 1 month free after 6 months of on-time payments.

apfan

02/23/2008 8:00 PM Alert 
This project is in a great location, but it looks like only 2 units actually closed escrow. I noticed the developer is listing some units on the mls. Are they also renting the units out?
Brian

02/23/2008 8:18 PM Alert 
The Aperture listings on the MLS are pretty lousy also. No pictures. Considering the sales progress, there's no need to waste time to go look.
Brian
Posts:2647

03/13/2008 5:21 PM Alert 
This building opened last fall.
SDLookup only shows 2 units having closed.... Where are all the people wanting to live in San Diego at any price?
Brian
Posts:2647

03/13/2008 5:24 PM Alert 
Posted By n/a on 07/25/2007 5:23 PM
This property has been selling better than any other new project DT. I actually missed out on a unit I was interested in. It does have everything going for it- great styling, great location. They told me it will be ready in October. There really is no other new place to buy in Little Italy, and the only resale I would consider is doma-but I prefer to not buy resale if I don't have too- don't like the idea someone else's toenail clippings in my carpet.


Jaimie, what about the unit you missed out on? There should plenty to buy now.
ScottSD
Posts:162

05/11/2008 6:29 PM Alert 
i went to the aperture sales office today and they said that they were at 2/3 capacity.  which is shocking to me because their 2 bedroom range started at $600k.  i looked at the girl like she was crazy.  but i guess i'm the crazy one. 

it has pretty low HOA's because it has 0 amenities.   the spicy pickel is pretty delicious though.
stella
Posts:361

05/11/2008 6:39 PM Alert 
I ran into a friend of mine today that lives across the street at La Vita in a unit that looks at aperture. He told me he thought it was about 30% full. I love Citimark's work but I do discount the 2/3 capacity based on those prices.

Spicey Pickle sounds like a rare cool chain, they are supposed to have a very whole foods type of approach which is refreshing. Nice trend. Haven't eaten there yet though.
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 Forums  >  Condominium Communities  >  Aperture  >  Sales Progress at aperture
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