Bosa Buys $33M Mixed-Use Site Downtown SD From Zephyr

Zephyr Partners, a locally-based commercial real estate firm, recently sold The Block, a planned mix-use site in downtown San Diego, for $33 million to Vancouver, B.C.-based Bosa Development.

The Block, according to Zephyr, will be a $250-million mixed-use project, encompassing a 41-story tower and a  21-story residential development. The space occupies a square block in San Diego’s downtown, along the eastern Broadway area, and is one of the last remaining full blocks in the district.

With a total of 750,000 square feet, The Block will have retail and 498 residential units, as well as hospitality amenities.  Zephyr’s co-CEO Brad Termini attributes the decision to sell due to a long-standing relationship with Bosa and the company’s invested interests in downtown San Diego.