Newmark, as exclusive advisor to the Seller, is pleased to present the opportunity to acquire the fee simple interest in Park & Broadway, Downtown San Diego’s last multi-block residential development opportunity located in the East Village neighborhood of San Diego, California.
Comprised of two full city blocks, totaling 2.8 acres, Park & Broadway, offers exceptional development optionality which includes a phased approach as well as the potential delivery of different product types (podium, wrap, type 1) on the respective parcels.
Situated in the center of San Diego’s largest, and most dynamic urban enclave, Downtown’s East Village consists of 130 blocks and is home to over 700 hundred businesses and much of the City’s most sought after shopping, dining, and night life venues. The urban village is an enticing blend of downtown living, a thriving cultural scene, and an abundance of nearby employment opportunities that is unmatched anywhere else in the City.
Park & Broadway offers a clear path to development, extremely attractive demographics and truly rare multi-block residential opportunity in the center of San Diego’s most dynamic urban environment.
ONE-OF-ONE MULTI-BLOCK OPPORTUNITY
Park & Broadway represents an exceedingly rare opportunity to acquire two (2), shovel ready development blocks in East Village that can accommodate a variety of executions and by right development of up to 1.2mm square feet before density bonuses.
LAND AREA: 120,661 SF
ZONING: CCPD-NC
F A R (prior to density bonuses): 10.0
TOTAL PARCEL SIZE: 2.8 Acres
Parcel Nos.: APN: 534-341-10, APN: 534-341-11, APN: 534-342-14