In January 2008, downtown San Diego will have a new building claiming the status of being the tallest residential tower in downtown, called The Electra. The Electra condos will be 43 stories high with 248 condos. One of The Electra condos most distinguishing features aside from its height will be its 60 foot atrium styles "social lounge"/lobby, a first for San Diego. Other amenities include: business center, private meeting room, gym, 24-hour concierge pool, spa, sauna, steam room barbeque, 5th floor roof deck outdoor fireplace lounge & garden.
The Electra condos got their name from the site they are built on which used to be a San Diego Gas and Electric (SDG&E) power plant facility dating back to 1911. All of the units offered by the developer for sale in 2005 were sold out with in a week's time. Demand has been and continues to be very strong for the high quality view condos downtown. Prices ranged from $500,000 to $2,500,000 when sold by the developer, with floor plans ranging from approximately 700 - 1,800 square feet. There are six units per floor up to about the 30th floor, than only five up to the 40th floor and then the top three floors only have three units per floor.
Electra is located in downtown "Columbia" neighborhood at the intersection of Broadway and Kettner Boulevard. Its easy to pick this building out on the skyline because of its height and also from up close you will notice the original façade of the SDG&E building was preserved and its original windows are now the windows of the lower floor condos, often two story town home floor plans.
The is a great building for people seeking the highest quality of finishes, because this building really does raise bar and set a new standard by which all others will be measured. Not to be overlooked are the magnificent city and bay views available from these condos, expect the premium view units to have a market value almost twice that of their similar sized floor plans and the lowest floors with out the special and panoramic views.