CFAH

Radiance At Mission Bay Model (www.SocketSite.com)

Another “plugged in” tipster attends the sales office grand opening for Radiance At Mission Bay and forwards a picture of the model, representative pricing, and mention of a flashy new website (features, floor plans, and amenities). From our tipster:

#310 – 1419sqft – $1,165,000
#317 – 1176sqft – $1,181,000
#409 – 1056sqft – $992,000
#410 – 1392sqft – $1,218,000
#510 – 1988sqft – $2,230,000
#602 – 1529sqft – $1,619,000
#607 – 1758sqft – $1,643,000
#704 – 1697sqft – $2,200,000
#804 – 1525sqft – $1,800,000
#905 – 961 sqft – $956,000

Also noted (but unconfirmed), “…from their availability chart, they look to be at least 50% reserved for the 99 unit complex. Mind boggling…” That being said, do keep in mind that these reservations are $10,000 fully refundable deposits (they should be moving to non-refundable deposits/purchase contracts in mid-April).

With regard to the two 16 story phase two towers, we reference another reader’s recent comment: “The builder has already stated if sales are weak [in the midrise buildings], he won’t build the second phase until the market picks up again.”