**California Theatre in San Diego Listed as Redevelopment Opportunity**
CBRE has been retained to market and sell the historic California Theatre site, a prime redevelopment opportunity in downtown San Diego. Located at 1122 Fourth Avenue near the Civic Center, the property spans over half an acre and is positioned for immediate redevelopment.
CBRE brokers Jason Kimmel and Kevin Nolen are leading the listing for the site.
The California Theatre project is considered a strategic, by-right redevelopment opportunity. It comes with several favorable conditions already in place — the historical requirements have been fully satisfied, the site holds a valid Site Development Permit with no expiration, and there is no opposition from the Save Our Heritage Organization to proceed with demolition and redevelopment. Additionally, the property benefits from an expedited path to demolition and redevelopment.
“This site represents a rare opportunity to leverage existing planning approvals to reshape a pivotal block in downtown San Diego on an expedited development timeline,” said Kimmel. “The California Theatre’s redevelopment will be key in advancing the City of San Diego’s long-term vision for the Civic Center district and support continued investment in the downtown core.”
