Costa Mesa condos restart sales, again
June 4th, 2010, 12:00 pm · · posted by Jon Lansner
Pacifica at Newport Plaza, a 32-unit condominium project in Costa Mesa, is hosting another “opening” on Saturday with 15 units remaining to be sold.
The project, at 401 Bernard St. near the Triangle Square shopping area, features 2-bedroom, 2-bath units that go 1 or 2 stories up to 1,792 square feet. Prices run from “the $400,000s.” According to a press release, Saturday’s “grand opening” features food and prizes. Pacifica units “include Kohler® plumbing fixtures, granite kitchen countertops, Sub-Zero built-in refrigerators, natural stone flooring and designer selected carpeting and finishes.” (Click on photos above for larger views!)
This hasn’t been an easy sale in the heart of Costa Mesa. In the summer of 2008, lethargic sales were reported by the Daily Pilot shortly after the project opened. A Pacifica Facebook page speaks of a August 2009 “grand reopening” and then “Bank Liquidation pricing” in November 2009.
Such troubles are common. For example, Lennar just relaunched its Astoria condos in Irvine with 25 percent price reductions.