San Diego Port Launches Plan To Redevelop Site, Seaport Village

The San Diego Unified Port District launched its plan this week to redevelop a 70-acre site on the downtown waterfront into a world-class, mixed-use development. The Port's 24-page RFP calls for exceptional architecture, a variety of shops, restaurants, a hotel and public areas with strong connections to the water’s edge. The developer would need to find ways to better link the site to the downtown city grid, according to the San Diego Union-Tribune.

The site includes the 13.2-acre Seaport Village (above), a collection of more than 50 shops and 17 restaurants operated by Carlsbad-based Terramar Retail Centers (which will lose that lease in 2018 after failing to reach an agreement with the port). It also includes Terramar's The Headquarters in the redeveloped San Diego Police Department building; G Street Mole, home to the Fish Market Restaurant and American Tunaboat Association; the Chesapeake Fish Co; and Tuna Harbor, the commercial fishing docks. The port board has mandated that existing commercial fishing facilities be retained.

The Port’s main priority is increasing development potential and ground rent. The port collects $2.5M annually in rent for Seaport Village. The Save Seaport Village grassroots campaign is seeking to support existing tenants. Port chairman Marshall Merrifield says it would be unfair to bidders to carve out a portion of the village to retain certain tenants, but encouraged them to propose their own plan or partner with a developer. Potential developers must submit proposals by May 2. [SDUT]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Diego Newsletters
Related Stories

Republican Midterm Convention Could Fill More Than 5,000 Hotel Rooms In Dallas

Private REIT Closes $650M Refinancing Of 549-Property Daycare Portfolio

Buc-ee's Convenience Store Star Fades As Visits Slip

EXCLUSIVE: Georgia-Pacific Scraps Conversion Plans For Its Atlanta HQ

Retailers Charging Ahead With EV Stations Despite Policy Pullback

Suburban Chicago Shopping Center Sells For $122M In Major Retail Deal

Union Contracts Expire At 46 Chicago Hotels, With Potential Strike Looming

Westfield Montgomery Pays Off $350M Loan As New Retailers Expand In Mall

Partners Capital Sells Austin Shopping Center, Citing Strong Investor Appetite

Hines Doubles Down On UK Retail Parks With £167M Portfolio

Atlanta Developer Plans $343M Mixed-Use Project In Downtown Durham

Northmarq Hires Prominent Houston Retail Team Away From CBRE