Pacific Coast Commercial (PCC) is pleased to present a 2.94 acre ground up development opportunity located in San Diego’s Clairemont neighborhood, a well located suburban community located just 10 minutes north of Downtown San Diego and just minutes from Mission Bay Park. The property currently consists of three office buildings with a mix of retail and professional tenants with short term leases. The development opportunity consists of four legal parcels totaling approximately 2.94 acres. Net developable area to be determined based on negotiations with adjacent townhome project pursuant to existing Shared Parking Agreement. The property is in Tier 4 of San Diego’s Complete Communities Housing Solutions (CCHS), which is a San Diego initiative that aims to increase the production of housing across all income levels in areas considered Transit Priority areas. This is an “opt in” program that utilizes affordable housing density bonus and provides increased density based on the CCHS assigned FAR. The program also offers other incentives such as reduced impact fees, and ministerial project approval in exchange for affordable housing at various income levels. The site offers a central location with great access to major employment and education hubs and is in close proximity to the recently completed Blue line light rail trolley service which offers access to UCSD to the North and Downtown San Diego to the South. The Balboa Avenue Trolley Station is located just one mile to the west of the property. This site offers a developer the unique redevelopment opportunity to build a multifamily project in a mature, well located in-fill site near the coast with favorable zoning that could offer a ministerial approval.