Port of San Diego Commissioners voted in favor of the transaction, starting the clock on a process that should see the Navy's leasehold formally terminated before the end of the year. The Navy will then have up to four years to vacate the property
The United States Navy will give up its 3.4-acre property at 1220 Pacific Highway, voluntary ending its 100-year lease of real estate opposite San Diego’s cruise ship terminal decades ahead of schedule. In exchange, the Navy will receive $5.75 million in products and services from the Port of San Diego.
Sandwiched between the Wyndham San Diego Bayfront hotel and the Lane Field hotels, 1220 Pacific Highway is home to dated, one- and two-story, low-rise buildings that the Navy uses for general administrative space. The waterfront Navy site at 1220 Pacific Highway is home to approximately 93,000 square feet of general office space spread across a collection of dated, one- and two-story buildings.
“We’re just so happy that we got to a that meets our requirements, as well as meets your plans to redevelop that area for the local San Diego community,” Capt. Laurie Scott, the commanding officer of Naval Facilities Engineering Systems Command Southwest, told commissioners., the Navy’s lease will automatically terminate after a 60-day due diligence period that starts on Oct. 13, when the agreement is executed.
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