51
SAN DIEGO – A 15,400-square-foot parcel of land in the San Diego submarket of La Jolla has sold to SARE Investments (c/o Colrich) for $2.9 million. The parcel is located at 5702 La Jolla Blvd., in the Bird Rock neighborhood.
The buyer plans to develop a high-end mixed-use project on the site. It will feature ocean-view condominiums, 5,500 square feet of ground-floor retail and a rooftop deck. The property had been fully entitled by the seller, the Krambs Family Trust. The off-market transaction was executed by Victor Krebs of Colliers International.