Anchor ads are not supported on this page.

4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Former Metro VW Site Bought By Developer

A grant deed recorded on May 10, 2011, confirmed the transfer of property at 1902 Kettner Boulevard, former home of the Metro Volkswagen dealership. The new owner of record is Broadstone Little Italy LLC, who lists a mailing address in Phoenix, AZ. The indicated new assessed value of the property is $17,000,000, $1 million less than the seller, Kettner & Grape LLC, paid in June of 2005.

The Centre City Development Corporation’s website states Broadstone Little Italy is a six story mixed-use development to be built on the site at the southwest corner of Kettner and Grape. It’s slated to house 201 units consisting of 195,308 square feet of residential rental space and 9,414 square feet of retail, in addition to 321 parking spaces. An estimated completion date has yet to be established.

Land acquisition cost was close to $298 per square foot. Ten residential units sold within ¼ mile of the development in the last 90 days have fetched an average $320/ft. Commercial properties, including office condos and retail storefronts within ½ mile, are available for purchase at $225-340/ft. and for rent at $8-9/ft.

The development’s architect, Carrier Johnson + Culture, has no information regarding the project available on their website. The firm, with offices in San Diego and Orange County, has been involved in such projects as Thomas Jefferson School of Law, the Village Walk shopping center in Eastlake, and Fenton Marketplace, housing Ikea and Costco in Mission Valley. The site also touts the firm’s involvement in redevelopment of Old Police Headquarters, a WPA-era building near Seaport Village whose “completion is expected in 2008.”

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

WAV College Church reminds kids that time is short

College is a formational time for decisions about belief
Next Article

Jazz guitarist Alex Ciavarelli pays tribute to pianist Oscar Peterson

“I had to extract the elements that spoke to me and realize them on my instrument”

A grant deed recorded on May 10, 2011, confirmed the transfer of property at 1902 Kettner Boulevard, former home of the Metro Volkswagen dealership. The new owner of record is Broadstone Little Italy LLC, who lists a mailing address in Phoenix, AZ. The indicated new assessed value of the property is $17,000,000, $1 million less than the seller, Kettner & Grape LLC, paid in June of 2005.

The Centre City Development Corporation’s website states Broadstone Little Italy is a six story mixed-use development to be built on the site at the southwest corner of Kettner and Grape. It’s slated to house 201 units consisting of 195,308 square feet of residential rental space and 9,414 square feet of retail, in addition to 321 parking spaces. An estimated completion date has yet to be established.

Land acquisition cost was close to $298 per square foot. Ten residential units sold within ¼ mile of the development in the last 90 days have fetched an average $320/ft. Commercial properties, including office condos and retail storefronts within ½ mile, are available for purchase at $225-340/ft. and for rent at $8-9/ft.

The development’s architect, Carrier Johnson + Culture, has no information regarding the project available on their website. The firm, with offices in San Diego and Orange County, has been involved in such projects as Thomas Jefferson School of Law, the Village Walk shopping center in Eastlake, and Fenton Marketplace, housing Ikea and Costco in Mission Valley. The site also touts the firm’s involvement in redevelopment of Old Police Headquarters, a WPA-era building near Seaport Village whose “completion is expected in 2008.”

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Luxury apartments rising at Texas Street and Howard

How high will the rents be?
Next Article

Golden Hill post office becomes residential

Multistory structure added to back of lot
Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories Fishing Report — What’s getting hooked from ship and shore From the Archives — Spotlight on the past Golden Dreams — Talk of the town The Gonzo Report — Making the musical scene, or at least reporting from it Letters — Our inbox Movies@Home — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Theater — On stage in San Diego this week Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close

Anchor ads are not supported on this page.

This Week’s Reader This Week’s Reader