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Real Estate/Development

Oct. 10, 2015

Apartments likely to be built on Cortez Hill lot

MS North Park Properties Inc./Beech Street Inc. of San Diego purchased the property at 1450 2nd Ave.

A dated office building in Cortez Hill will likely be redeveloped into a multifamily residential project.

MS North Park Properties Inc./Beech Street Inc. of San Diego purchased the property at 1450 2nd Ave., San Diego, 92101 for $12.2 million in a sale recorded at the end of September.

CBRE had listed the property (assessor's parcel 533-423-12-00) as 1st & Beech, a residential development site in the Cortez Hill area of downtown, with the potential for a project ranging from ...

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