600 B Street Ownership Attempting to Convert Former City Office Space to Hotel
As a result of being only 45% occupied for more than a year, the ownership of 600 B Street (currently with Bridgepoint on the building top sign) is trying a new strategy: Convert the lower half of the building (formerly occupied by the City of San Diego for 20+ years) into a hotel! They are currently marketing it for an outright sale with the draw being the office-to-hotel conversion. The challenge will be keeping the remaining tenants (and attracting new ones) if a lower-building conversion were to happen, as it will certainly change the make-up of the project. Maybe call it the Best Western Building? Super 8 High-Rise Hotel?
Bids Submitted for 7th & Market Development
The three finalists for the downtown city block bounded by 7th, 8th, Market and Island (just north of Sempra’s new headquarters) have submitted their multi-use (residential, hotel and office) development plans! The finalists include: Cisterra (developers of Diamondview Tower and the new Sempra headquarters building directly to the south of this site); Douglas Wilson Companies (developer of The Mark condominium tower directly to the east of the site); and Robert Green & Co. (developer of at least two Montage Resorts). Civic San Diego will be reviewing the submissions and will recommend a winner to City Council soon. Regardless of who wins, any of the three projects will be great additions to downtown!
Jason Hughes is chairman, CEO, and owner of Hughes Marino, an award-winning commercial real estate company with offices across the nation. A pioneer in the field of tenant representation, Jason has exclusively represented tenants and buyers for more than 25 years. He writes about topics in commercial real estate from a tenant’s perspective on his blog, Downtown Dirt. Contact Jason at 1-844-662-6635 or firstname.lastname@example.org to learn more.