The 13th and E property is very flexible and can accommodate residential, office, educational, retail and mixed use. The development foot print is approximately 20,000 square feet. The zoning in downtown San Diego is not constrained by the number of units but by the FAR. The base FAR is a minimum of 3.5 and maximum of 10 FAR. (The FAR can be further increased using density bonus law.) Included in this offering memorandum are two residential concepts. Concept 1 is a 24 story,
216 unit apartment building and Concept 2 is a 8 story 154 unit apartment building. 13th and E is located in the East Village area of downtown San Diego. This area has received an enormous amount of attention over the past few years. We have seen
some of the most nationally recognized apartment builders including Lennar, TCR,Richmand Group, Mil Creek, Alliance, Liberty National, Pinnacle, Holland Partners, JPI, Equity Residential, Lowe Enterprises, make significant investments, all within
one-half mile of the subject, in the East Village area. Now we are seeing the area being noticed by premier office developers such as Kilroy Realty and Lowe. Kilroy Realty recently acquired portions of two blocks directly north of the subject
that can accommodate up to 1 million square feet of office development. Lowe https://lowe-re.com/buildings-beyond/superblock/ is working on a SuperBlock directly east of the subject that will be a 17 story, 550,000 SF office development.
