Real Estate Newsline
Top real estate headlines delivered monthly.
- Downtown Site Gets Bid For 383 Units.
- Bye Empty Nest. Millennials Living At Home.
Downtown Charger Site Gets Apartment Proposal
A $1.8 billion stadium-convention center measure is headed toward the Nov. 8 ballot, but that’s not stopping a Texas developer from seeking approval for a 383-unit, 7-story apartment building in the middle of the downtown site.
The Modera San Diego location would be at the southeast corner of 14th and K streets – within the borders of the Charger’s proposed plan – and one of a handful of privately owned parcels of land the city would have to acquire to make room for the stadium-convention complex. The Charger’s current initiative does not affect submissions of private development applications to Civic San Diego, the city agency responsible for downtown development. The apartment project, however, is already up against criticisms for it’s design and incompatibility with the existing MTS bus yard. Read more.
32.1% of 18-34 Year Olds Living With Parents
In 2014, for the first time in more than 130 years, adults ages 18 to 34 were slightly more likely to be living in their parents’ home than they were to be living with a spouse or partner in their own household.
According to a recent Pew Research Center analysis of census data this turn of events is fueled primarily by the dramatic drop in the share of young Americans who are choosing to settle down romantically before age 35. Other factors include changes in educational attainment and employment, rising apartment rents and heavier student-debt loads. Read more.
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