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SAN DIEGO – A 20,000-square-foot parcel of land in the Bankers Hill neighborhood of San Diego has sold to R Fifth & Nutmeg, c/o Colrich for $5.3 million. The land is located at 2665 5th Ave. The buyer plans to develop an upscale mixed-use project that would include 45 luxury condos with 7,500 of retail space. The seller was Nutmeg & Olive LLC, c/o The Cathedral Church of St. Paul. The transaction was handled by Victor Krebs of Colliers International.