Builder & Developer Magazine - JUNE 2005 -
[Cached Version]
Published on: 6/1/2005
Last Visited: 6/28/2005
,From a business philosophy, builders and developers create value,, says Jay Kerr, president of Centex Homes , San Diego division. ,We start with that as a premise.
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Located in the East Village on the corner of Market and 15th Street, Kerr says Element is more of a pioneering project than Nexus. ,The East Village is at the forefront of a huge transformation; the whole neighborhood is about to change,, he says.
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,For our demographics, we have a broad range , homebuyers from 25 to 55-years-old,, Kerr says. ,We,re seeing singles, young couples, investors, and second-home and move-down buyers., The only demographic Downtown San Diego isn,t attracting is children. ,Families are still moving out to the hills., However, that might change, Kerr says, as the area,s school system catches up with the new affluence.