The Globe San Jose opening, again?

Posted by Danielle & David Contreras on Wednesday, October 31st, 2007 at 11:56pm.

One of the most talked about condos in the downtown market has been The Globe Development on South 2nd street. The development being built by the CIM Group right next to Zinattos Market. CIM is also developing the newest High Rise Tower 88 located next to the San jose Repertory Theatre.

As many of you might know The Globe opened their sales office for a short time. In a trailer across the street from Zinattos they had began pre-selling what is to be one of the downtown San Jose's premier new condominium communities. The project seemed like it was right on track to start selling in April with escrow closings right around the corner. Then this spring, just like a chocolate factory all doors where closed to the outside world. A simple note at the door read, "The Globe Sales Gallery is Temporarily Closed and Will Re-Open Soon".  Well, it is now November and if you have the golden ticket you too may be able to buy one of these new luxuries urban homes.

Although the last I have heard the developers CIM Group may not be ready to start selling so fast. The original plan had called for 34 units to be rentals and 44 units to be for sale. As it turns out there is now an idea that the units might all be rentals. The Silicon Valley has long been making apartment units condos but is this new trend in this new real estate market, turning condominium units into apartments?
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