The US Navy is continuing to vacate prime property in San Diego that has been coveted for decades by developers.

The Port of San Diego Commissioners voted this week to approve an agreement with the Navy to terminate its 100-year lease on a 3.4-acre piece of property in proximity to San Diego Bay, currently occupied by three two-story buildings.

The parcel and the low-slung buildings, located on 1220 Pacific Highway, are both property of the Navy.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.