Reven Capital plans to tear out everything inside of the building, including its major systems, but keep the building standing and turn it into apartments.
Category: 101 Ash St.
In 2016, San Diego leased a downtown high-rise, hoping to house its workers in the towering office space. It’s been a disaster ever since.
Renovating the space blew past cost expectations and eventually forced city workers to evacuate after construction inadvertently disturbed asbestos in the building. The city is now tied up in lawsuits over what officials knew about the state of the building and when they knew it, and the transaction itself is now the subject of a criminal investigation.
