Monday, September 28, 2009

San Jose high rise condos

Most of the new downtown San Jose condos in the recently build high-rise residential towers Axis, The 88, Three Sixty Residences and City Heights remain less than half sold, despite the historically low interest rates and the fact that developers were forced to drop their prices. Perhaps now is the time to put new condos on the real estate market as rental condos like it was done recently for Skyline at Tamien homes.

Axis
Developer : KT Properties
Address : 38 N. Almaden Blvd. , San Jose
Floors: 22
Units: 329
Penthouses: 16
Prices: From the high $300,000s to $2 million
HOA Fee : $350 - $500
Units sold since opening September 2008: 75

The 88
Developer : Wilson Meaney Sullivan
Address : 88 E. San Fernando St. , San Jose
Floors: 22
Units: 197
Penthouses: 8
Prices: From the high $300,000s to more than $1 million
HOA Fee : $500 - $700
Units sold since opening in May 2009: 48

Three Sixty Residences
Developer : Mesa Development
Address : 360 S. Market St. , San Jose
Floors: 23
Units: 213
Penthouses: 6
Prices: $400,000 to more than $2 million
HOA Fee : $595 - $800
Units sold : 90

City Heights
Developer: Barry Swenson Builders
Address : 175 W. St. James St., San Jose
Floors: 16
Units: 124
Penthouses: 8
Prices: $310,000 to more than $1 million
HOA Fee : $375 - $450
Units sold since opening in January 2008: 65

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