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SAN DIEGO—The Park, Bankers Hill has set the record for the highest-price home sold in that submarket, and its developer Zephyr's CEO Brad Termini tells GlobeSt.com there will always be a market for the best of the best. The penthouse at the property recently sold for $5.9 million, the highest-priced sale in Bankers Hill's history.
A 14-story luxury residential building with 60 homes and two street-level retail spaces, located directly across from Balboa Park, the Park is, according to Zephyr, San Diego's first true homage to Central Park-esque living and is attracting buyers from New York in anticipation of the building's completion in the fourth quarter of the year. We spoke with Termini for an update on the project and what developers of other luxury projects can learn from it.
GlobeSt.com: Why do you believe The Park, Bankers Hill set the record for the highest-priced home sold in Bankers Hill?
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
