Welcome to San Diego Blog | December 3, 2020

City to sell East Village site for $8.5M; developer planning office campus

Kilroy Realty will buy a 20,000 square-foot, partial downtown block from the city of San Diego for $8.5 million. The acquisition will allow the firm to expand an in-the-works office project, ideally appealing to technology and life science companies who want more space for their workers in a post-COVID world.

Tuesday, City Council members voted unanimously to approve the deal for the site known as Popular Market at 951 Park Blvd. in East Village. The transaction, which is now expected to close in early 2021, will require the city to deposit proceeds into a fund reserved for subsidized housing projects.

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Written by: Mia

Categories: East Village

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