Apartment building in Point Loma sells for $7.7 million
A 24-unit apartment building at 1770 Evergreen St. in Point Loma recently sold for $7,695,840. Kidder Mathews' multifamily brokers, Eric Comer, Jim Neil, and Merrick Matricardi represented the buyer, AMG Evergreen Apartments, L.P. with Steve Huffman and George Mazis as principals. The seller, Kathryn Hattox Trust, was represented by Jim Scott of Scott & Quinn Real Estate.
The apartment building was built in 1965 and consists of one-bedroom and two-bedroom units, many of which have views over San Diego Bay and the City skyline. The property will be managed by Altas Management Group, a local company.
Apartment building in Ocean Beach sells for $6.75 million
An apartment building on the coastline in Ocean Beach recently sold for $6,750,000. The buyer, Mills Trust, was represented by Kidder Mathews multifamily investment brokers, Merrick Matricardi, Jim Neil and Eric Comer, as well as Dylan Wright and Chris Saver of ACRE. The seller, William R. Mundt Trust, was represented by Mack Langston and Jan Sachs of Pacific Coast Commercial.
The apartment building at 5101-5107 Narragansett Ave. was built in 1973. It is a three-story building consisting of 16 units made up of studios, one, two and three bedroom floor plans.
"We received over a dozen offers for this one of a kind waterfront property with panoramic views of the Pacific Ocean," said Langston.
"It is uncommon for an oceanfront property to become available on the market," said Matricardi. "This is only the fourth oceanfront apartment building over 10 units to sell in San Diego County in the last 20 years," he said.
Sign-ups underway for teen music camp: Band at the Beach
In its 30th season, and for the first time, the Band at the Beach Music Camp will take place in a new location overlooking the ocean on the campus of Point Loma Nazarene University. Participating music students in grades 7-12 will explore new music, learn from professional musicians, meet new friends, and perform for families at the culmination of the week-long camp that runs July 23-27.
Daily activities include four hours of constant playing (with coaching by the experts), broken down into two hours of group sessions and two hours of sectional sessions. Students learn proper playing techniques on their instruments: style, balance and blending with other sections. A daily lunch break in the college cafeteria, allows students time to make new friends.
"I started the little camp on my patio in 1988, trying to fill in the gaps created by non-existent music programs in City schools," said owner/director Dell Shroeder (Miz Dell). "It was called 'Patio Winds,' then it became 'Peninsula Wind Ensemble,' and finally the name morphed into 'Band at the Beach' after I discovered 'Music in the Mountains' (north of San Diego) and 'Strings by the Sea' (the PLNU summer program). Summer programs keep the kids playing!"
Dell said the camp boasts an elite staff who have been teaching/performing for many years. During the academic year, she teaches private lessons in piano, flute, clarinet, saxophone, bassoon, beginning brass and music theory. She holds a Bachelor of Music Education degree from Florida State University , a Master of Arts in Music and a California Life Credential in Music (K-12) from San Diego State University.
The $300 registration includes lunches, group/section instruction, and a camp T-shirt. Some scholarships are available. The final concert (open to the public) will be 3 p.m. Friday, July 27 at Crill Performance Hall, PLNU, 3900 Lomaland Drive.
To join or not to join, that is the question!
The Point Loma Playhouse will hold its seventh annual "Summer Shakes" acting intensive workshop, 7-10 p.m., July 9-Sept. 2 at 3035 Talbot St. All acting levels are welcome, as participants focus on "Julius Caesar" and Shakespeare's love of slapstick, fight scenes and tender emotion.
The 8-week workshop culminates in two public performances over Labor Day weekend in Westminster Park, 3598 Talbot St. Tuition for new members is $195, returning members $175. Point Loma Playhouse is a registered 501(c)(3) non-profit community theater. (619) 800-5497. pointlomaplayhouse.com
Benefit concert for Music at Dusk, June 24
Tremble Clefs is a nationwide choral program for people with Parkinson's that focuses on the therapeutic results of vocal exercise, the joy of singing and community performances. The San Diego Tremble Clefs (trembleclefs.com) will offer a benefit concert, 4 p.m. Sunday, June 24 at Westminster Presbyterian Church, 3598 Talbot St., performing a variety of music, from Broadway to country, traditional and pop. All donations will fund the Music At Dusk series, which begins at 6:30 p.m. Monday, July 23 with Billy Hawkins and continues Monday evenings through Aug. 13 with Fred Benedetti July 30, Patterson Band Aug. 6, and Peter Sprague Aug. 13. Tickets: (619) 223-3193. westminstersd.org
Avocado 'museum' pops up at Liberty Station
Custom-built from 16 shipping containers, the 6,700-square-foot "The CADO," is a new pop-up museum of sorts, dedicated to engaging visitors in all the delightful aspects of the pear-shaped fruit known as the avocado.
Each of the seven exhibits builds on the one before it.
Find it on the South Promenade of Liberty Station in Point Loma, 2850 Roosevelt Road. It's open 10 a.m. to 8 p.m. Tuesday-Saturday, 11 a.m. to 7 p.m. Sunday, through August.
The CADO is sponsored by The California Avocado Commission and was created by & Boom Unlimited. Get tickets ($27) at thecado.co — As they say, "Missing out is the pits!"
Liberty Station arts tenants raise concerns
Complaints from a growing number of tenants at Liberty Station have raised questions about the NTC Foundation's stewardship of 80 acres of City-owned property and, more specifically, the 26 historic buildings it is charged with preserving.
The tax-exempt organization was created by a vote of the San Diego City Council after redevelopment of the former Naval Training Center was approved in 1999. The nonprofit was set up to renovate and preserve some of the most treasured structures in Point Loma, dozens of Mediterranean-style buildings that for decades helped ready almost 2 million sailors and recruits for combat.
It also was designed to promote the arts through a civic and cultural center serving the broader community of painters, dancers, sculptors and other creative forces, along with their patrons. Now many longtime tenants say the foundation has veered from its mission by putting commerce above the arts.
Among other complaints, artists say the charity charges excessive rent and retaliates against those who speak out. They are frustrated that the board of directors meets in secret and declines to release agendas or minutes.
Foundation officials, who offer discounted rents to nonprofit groups, reject the notion that they are not supporting the arts. President/CEO Lisa Johnson said her lawyers determined that the foundation does not have to invite the public, or tenants, to board meetings. She said tenants have many opportunities to provide feedback to senior staff and to board members.
Even though the foundation controls the public property under a 55-year lease, San Diego officials do not audit the nonprofit and play no role in overseeing the community of art schools, dance studios, niche museums and other culture-oriented programs, City officials said. Instead, they monitor the agreement to make sure the foundation complies with its lease.
A former board member said artists have a legitimate grievance about getting priced out of their studios and galleries. The same thing happened in the Gaslamp Quarter and other neighborhoods that are now trendy.
The NTC Foundation was incorporated as a public-benefit charity in June 2000, the same week San Diego officials inked a deal with The Corky McMillin Cos. to remake the Navy training ground abandoned by the Department of Defense in the 1990s. The NTC Foundation borrowed millions of dollars to pay for renovations, which continue to this day. It also created a litany of limited partnerships and LLCs, eligible for a historic tax credit program administered by the U.S. National Park Service.
So far, 16 of the 26 buildings under the foundation's jurisdiction have been renovated. All told, the arts district has nearly 100 tenants, including museums, galleries and studios. It draws more than 500,000 visitors a year, claims an economic impact of $41 million and supports more than 700 jobs, the foundation said.
Renovations were made possible with borrowing and other financial arrangements between related entities and wholly owned subsidiaries and commercial lenders. The loans and credits have created a complicated financial outlook for the foundation.
According to its most recent federal tax filing — required to be made public in exchange for a federal tax exemption — revenue declined from $9 million in 2015 to just over $3 million in 2016. Over the same period, salaries nearly doubled to $663,000 and expenses rose from $2 million to $3.9 million.
— Jeff McDonald, The San Diego Union Tribune. To read this story in its entirety, visit bit.ly/stationtenants