SAN DIEGO—San Diego-based real estate development and investment company Zephyr has sold The Block, a 60,000-square-foot mixed-use site on Broadway between 7th and 8th Avenues to Vancouver-based Bosa Development.

The property – one of the last remaining full blocks of available property downtown – was acquired by

Zephyr in June 2014. The firm obtained approvals to transform it into a mixed-use development to include a 498-unit, 41-floor and 21-floor tower housing residential and retail space. Zoning of the site allows for development up to 720,000 square feet.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.