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or Information PRESS RELEASE
41-1043
1/15/03

Contact: The Grande
Gale Tobin
(619) 281-6641

PLAN "E" AT THE GRANDE SHOWCASES
SPECTACULAR SAN DIEGO BAY VIEWS IN THREE DIRECTIONS

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As sales continue to accelerate at The Grande at Santa Fe Place, flooplan style "E" is emerging as a buyer favorite, reports the builder, BOSA Development (California) Inc. Plan "E" homes are located on the west side front of the 39-story tower facing San Diego Bay, and floor-to-ceiling windows on three sides capture dramatic vistas of the waterfront from the Coronado Bridge, to the Star of India and towards the twinkling evening lights in the north. The two-bedroom plus den-two bath floorplans measure 1,944 square feet and are available on floors 3 to 34. Additional highlights of this plan include a dramatic fireplace, two expansive balconies, a nook and a dining room.

"The Grande at Santa Fe Place is the closest project to the waterfront in the North Embarcadero area, and Plan "E" maximizes the bay views," said president Ryan Bosa. "Buyers have responded favorably to the design of the homes which incorporates floor-to-ceiling windows. There is nothing that compares to these views.

At present, one-bedroom units priced from the mid-$400,000s are still available. Two-bedroom units are priced from the mid-$500,000s, and two-bedroom-plus den units from the mid $700,000s. Two- and three-level townhomes start at $563,000. Five of the twelve penthouse units on floors 36 to 39 are still available and priced from $1.158 million to $2.035

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million. One final opportunity remains to combine units to create a 3,777-square-foot home. Completion of the South Tower is anticipated by fall 2004. Construction on the twin North Tower will begin in mid-year, with sales beginning late this summer.

Buyers will enjoy the opportunity to choose from stunning contemporary design elements and color schemes. Among the quality amenities are exquisite cherry, walnut or zebrawood cabinetry, Monogram, Dacor and Bosch professional quality appliances, Kohler fixtures and faucets, flooring in hardwood, limestone, marble and rich carpeting, granite countertops, and seven-foot interior doors. Each home offers a cozy gas log fireplace, subterranean parking and additional out of suite storage. The innovative triangular shape of the tower affords each home a private, entertainment-sized balcony with city, bay and sunset views.

Classic and contemporary elegance blend in the soaring contours of The Grande's spectacular lobby where a 24-hour concierge will attend to residents' needs. The workout room contains state-of-the-art fitness equipment, a sauna and steam room. Unique to The Grande is the amount of outdoor space dedicated to residents' private enjoyment. Gardens, tree-lined courtyards, a spacious deck, an 80-foot-long pool and spa create an oasis of relaxation.

LBuyers also like the idea of a visitors' suite that will be available for guests of residents,L says Bosa. LThere is one suite available per tower.

Just moments away are Horton Plaza, Seaport Village, the Gaslamp Quarter, Embarcadero Marina Park, the new Padres stadium, theaters and the symphony.

"Our buyers are justifiably excited about the prospect of living an elegant, sophisticated
lifestyle at The Grande," Bosa noted. "They tell us they can't wait to move in."

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In addition to The Grande at Santa Fe Place, BOSA is marketing Park Place at Harbor
Drive and Kettner Boulevard. Five homes remain for sale in the 30-story tower, which will be
available for mid-April move-ins. Prices start at $1,275,000.

For more information about The Grande at Santa Fe Place, visit the Web site at
www.thegrandesandiego.com, or phone (619) 239-2339. Sales for both The Grande and Park
Place are being handled out of the BOSA sales center at 121 W. Market Street in the company's
Horizons Marina District high-rise at the corner of Market Street and First Avenue downtown.
Hours are 11 a.m. to 5 p.m. daily.