A rare by-right development opportunity in the heart of downtown at 345 B Street. • 0.35 AC (15,063 SF) site in the CCPD-Core zoning district. • Eligible for Complete Communities Tier 1 – unlimited FAR and height potential. • Flexible zoning allows multifamily, mixed-use, or commercial development. • Assemblage potential to ~0.92 acres with adjacent California Theatre site. • Steps to Gaslamp Quarter, East Village, and Civic Core. • Straightforward entitlement path and streamlined redevelopment process. • Surrounded by major employment, education, and tourism drivers – UCSD, Naval Base San Diego, Convention Center, and San Diego International Airport. • Fully entitled 301-key upper-upscale hotel with ~50K SF office and ~10K SF retail plans (optional to use, modify, or re-entitle).