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The ‘Property Bros’ Building the 20 ADUs on Point Loma Avenue See OB As a Cash Machine

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The Callen Report By Kate Callen You may see Ocean Beach as a beloved coastal village with a timeless Main Street and a storied history. Shawn DiMartile and Mike Tighe see it differently. To them, OB is a cash machine. And they intend to pull as much money out of it as possible. OB has dealt with aggressive builders before. But the battle over the 4705 Point Loma Avenue project, which goes before the San Diego Planning Commission next Thursday, August 29, is particularly insidious because it has been fueled by Todd Gloria’s grab-it-and-sell-it land use policies. DiMartile and Tighe are the founders of Takeoff Capital, the real estate investment firm behind the project. In a one-hour investor webinar available on Vimeo, they sang the praises of Gloria’s “Complete Communities” program, and they commodified the many charms of life in OB. “The Point” will be a 3-story, 20-unit complex.

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