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Doubling down on downtown San Diego, Kilroy Realty will pick up its second full-city block in Little Italy, paying $42 million to buy 2045 Pacific Highway where it plans to erect another office building across from its first full-block project in the neighborhood, 2100 Kettner.
The publicly traded real estate investment trust announced last week that it is in escrow on the site, which is just a surface parking lot away from San Diego Bay. The developer plans to convert the 1.3-acre lot, currently home to a Mobil gas station, into another marquee offering, this time building 275,000 square feet of tech-friendly office space in a five- or six-story tower with panoramic views.
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The low rise at the northwest corner of First Avenue and G Street, constructed by one of San Diego’s most esteemed builders, is the picture of modern office perfection.
Designed with tech worker efficiency in mind, each of the four floors is big and open, with natural light streaming in from floor-to-ceiling glass windows. An inviting, central courtyard and a Peloton-equipped fitness center are ready to compete for employee downtime. A street-level restaurant space opposite the future Campus at Horton could satisfy other cravings. And, despite the building’s short stature, there are still plenty of quintessential urban views to be had. There’s even underground parking.
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