The Electric Laundry Building
1460 Island, a +/- 27,878 square foot development site in the East Village area of downtown San Diego. Designated a Neighborhood Commercial zone, the site allows for residential or commercial development, with an active first floor commercial requirement. Additionally, the Fine Grain overlay emphasizes the importance of connecting the project with the livelihood and consistency of the pedestrian friendly neighborhood. The site is strategically located in the Park East district of East Village, in a rapidly transforming area of downtown San Diego. The existing building contains architectural distinctions and could be adaptively reused into creative office/retail or elements could be incorporated into a new project design. A portion of the site, the "Electric Laundry Building" contains a historical designation and a fault line. A maximum FAR of 10.0 and a minimum of 3.5 allows for a myriad of development options.
Located in downtown San Diego's dynamic East Village submarket, 1460 Island is just 4 blocks to PETCO Park and the new San Diego Library and easy walking distance to the Gaslamp District. Additionally, positioned just 5 blocks west of Interstate 5 and 94, the site provides immediate freeway access to all of San Diego.
Downtown San Diego is home to such attractions as PETCO Park, home of the San Diego Padres, Seaport Village, Embarcadero, the Cruise Ship Terminal, USS Midway Museum, Balboa Park, San Diego Zoo, San Diego Convention Center, San Diego City College, and the Gaslamp District. Downtown currently has 44,022 residents, 6,192 businesses and over 92,000 jobs with major employers the City of San Diego, County of San Diego and Sempra Energy. The City anticipates a tripling of downtown's population and doubling of downtown's work force over the next 20 years.
Downtown San Diego is a vibrant 24/7 community and one of the most soughtafter development areas in the nation. All of the current development activity is concentrated in East Village and Little Italy. 1460 Island's East Village location with walkability to employment, amenities and the bayfront along with easy access to the freeways and the San Diego Airport, make this a very appealing development opportunity.
- Street Address - 1460-1490 Island Avenue, San Diego, CA 92101
- Parcel Number - 535-166-18-00
- Site Area - +/-0.64 Acres gross (approximately ±27,878 SF)
- Zoning - CCPDO-District NC
- FAR - Base minimum FAR is 3.5; Base Maximum FAR is 6.0; Maximum FAR (with bonuses) at 10.0
- Location Approximately - +/-27,878 SF on the NWC of 15th & Island located in the East Village neighborhood of downtown San Diego