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Northern neighbors reshaping Downtown: Canadian firms play big part in high-rise condo construction.

Publication: San Diego Business Journal
Publication Date: 24-FEB-03 		Format: Online - approximately 983 words
Delivery: Immediate Online Access

Article Excerpt
Sure, the weather's a lot warmer, but Canadian developers that have aggressively pursued condominium projects in Downtown San Diego say there's more to the city than sunny skies.

Almost all of the high-rise condominium construction -- planned, under construction, and completed in Downtown in the past five years -- is the result of Canadian investment in the city.

Like Vancouver, British Columbia, 10 to 20 years ago, the Canadian builders contend San Diego is ready and able to support the new urban towers they are building.

Nat Bosa, president of Vancouver-based Rosa Development, plans for his company to have a long-term presence in San Diego.

"The economy is faring better than most parts of the United States," Rosa said. "It's a stable market. I think it will be like that for quite a long time."

Almost 9,000 condos and apartments are planned or under construction in...

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