SAN DIEGO | Boom Rundown, Vol. 2

[Leo the Dog]

Originally Posted by spoonman

The name of the hotel is "Pier South". I believe it is opening by the end of this year. Cohn Group will run one of the restaurants.

Here is the website, and the latest news story.

http://imperialbeach.patch.com/groups/ib-taking-pictures/p/pier-south--sea-180-opening-soon

http://imperialbeach.patch.com/groups/business-news/p/big-lines-form-at-pier-south-job-fair-sea-180

http://piersouthresort.com/

Thanks! I wonder what the hold up has been? So much potential in IB.

[SDfan]

Originally Posted by SDCAL

This is out of date news, but don't think anyone reported it here.

San Diego, as of this past June, FINALLY has a direct flight to Miami.

This will really help link us to the Caribbean and Latin America.

http://sdbj.com/news/2013/mar/04/american-airlines-debut-direct-local-flights-miami/

Yay!

[spoonman]

Originally Posted by SDfan

I had read years ago that the 905 would be turned into an interstate eventually. Anyone familiar with this?

I read the same.

Mello: You're right that there still is some develop-able land left. What I'm pointing to is that the end of developing mass tracks of land for subdivisions has already started coming to an end. We know this, just like everyone else in SD knows this. We have started seeing a lot more infill development, and that will start accelerating once these last open parcels become filled out.

I believe with the expansion of the border crossing, freeway, and airport terminal, the open space near Brown Field and the prison will most likely continue to be zoned and aggressively developed as distribution/commercial/heavy industrial.

My understanding is that the cross-border airport terminal will have all of the things normally associated with an airport, such as rental car facilities and other transportation infrastructure. That may also be the terminus for the South Bay BRT line, but I am not sure.

[mello]

370 acres for a university... Was thinking that was pretty small then I just read that Cal State San Marcos is 340 acres. It will be interesting to see how all of that land down there is divvied up over the coming years because there still looks to be a substantial amount left.

I do remember a developer had a proposal to build a bunch of 8 to 13 story condo towers on those hills just above the San Ysidro crossing years ago and he touted the epic views they would have, guess that project was obviously shelved.

[Erip]

Originally Posted by spoonman

According to this article from last year, the land for the university has been acquired.

http://www.utsandiego.com/news/2012/Jul/18/survey-says-build-new-south-bay-university/

The plans for the university are incorporated in this larger Millenia development, to include 3000 multi family residences, commercial and tech development, parks, library, etc. It sounds very impressive and has broken ground: www.utsandiego.com/news/2013/Sep/27/tp-millenia-project-to-bring-jobs-housing/

[Erip]

Here's a good collection of South Bay Area developments with handy maps: http://scedcvisioning.wordpress.com/project-updates/

[Erip]

With Broadstone well underway, and now Mandarin house closing to make way for redevelopment, has anyone heard anything on the status of the St. Paul's cathedral condos? http://www.stpaulcathedral.org/chapter-master-plan

[spoonman]

Originally Posted by Erip

With Broadstone well underway, and now Mandarin house closing to make way for redevelopment, has anyone heard anything on the status of the St. Paul's cathedral condos? http://www.stpaulcathedral.org/chapter-master-plan

I dug around a little, and the project was approved (13 & 15 story buildings), but the latest was that the church was looking to sell the land and approved status, etc to a developer so that it could be built.

[tyleraf]

Hopefully those Cathedral Towers get going soon. They will be good for bankers hill. Also I'm looking forward to seeing the design of the mandarin house.

[spoonman]

Originally Posted by tyleraf

Hopefully those Cathedral Towers get going soon. They will be good for bankers hill. Also I'm looking forward to seeing the design of the mandarin house.

There was a design floating around the internet (shown below), but I don't know if that is an old design.

What happened to the project after Graham Downes was killed? Is it being redesigned?

[Chapelo]

http://www.utsandiego.com/news/2013/oct/29/irvine-jolla-centre-construction/

UTC to get a new 14-story high-rise
by Roger Showley

The Irvine Co. announced Tuesday its first high-rise construction project in San Diego.

Grading has begun on a 14-story, 306,000-square-foot speculative office tower in the University Towne Centre area.

Estimated at about $92 million, La Jolla Centre III, designed by New York’s Pei Cobb Freed & Partners, is expected to open in 2015 and include more than 1,200 parking spaces. The building in La Jolla Centre will be located at the southwest corner of Judicial and Executive drives.

"The UTC market hasn't been this strong in years, and it's the right time to do it," said John Turner, Irvine's San Diego regional vice president.

It will be the first high-rise Irvine has built in San Diego since expanding from its Orange County base 30 years ago. Irvine previously focused on building low- and mid-rise office campuses.

La Jolla Centre III will include a food service space, fitness center and outdoor WiFi-serviced work space.

"It's going to be a beautifully landscaped area," Turner said, designed for working and meeting.

The garage will include 1,215 spaces in five levels immediately south, producing an overall parking ratio of five spaces per 1,000 square feet , when the industry norm is usually three or four per thousand. Irvine did not disclose the project cost, but Eric Northbrook, executive director of the Cushman & Wakefield brokerage, placed it at about $91.8 million for the office building and parking.

Northbrook said gross rents would have to rise from their present $3.50 to $4.25 per square foot per month to justify new construction on a top-quality building.

Still, there are pockets of opportunity, particularly downtown, where high-tech starter firms populated by young workers, have been increasingly relocating.

"I think downtown's got a lot of value," he said.

Mission Valley is attractive, although it lacks many Class A spaces, and eastern Chula Vista looks promising but not in the near term.

"It's all about employment growth," he said.

Turner said the reason to build now in UTC is that the choices for large full-floor tenant spaces have dropped to just one, at La Jolla Commons.

For lawyers, accountants and other office users servicing UC San Diego, biomedical research institutions and high-tech companies. getting more space may become increasingly difficult.

"I assume for those other developers who have opportunities to build, they're probably going to sit and see how we do," he said.

[spoonman]

It's great to see that part of University City getting some mid rise activity.

[spoonman]

Does anyone know the status of Kettner & Ash? This article from last year states that it is to break ground in 2013.

I had thought that PCH & Broadway was going to be first.

http://www.utsandiego.com/news/2011/May/25/condo-high-rise-approved-completion-2015/

[Nerv]

I think the next Bosa project to start is Pacific & Broadway which hopefully breaks ground next year. Kettner & Ash will probably follow within the next year of that groundbreaking so say by 2015 start time. This all assumes housing market holds up which could change things to a earlier start or delay.

Please anyone on the boards here post something of IDEA when it finally starts too. I may be wrong but I think that should be the next project breaking ground?

[tyleraf]

Pacific & Broadway, IDEA 1, 401 W Ash, and Lane Field are all supposed to break ground Q1 2014. Bosa has stated that Kettner and Ash will break ground in 2015. Does anyone know the status of blue sky?

[mello]

I don't understand why the condo developers are dragging their feet so much with breaking ground on new projects. The inventory has been super low for what 3 years now? Almost everything that has been built has been rentals... So what gives? You would think they would be jumping all over downtown SD right now

Oh and a good article about why San Diego County has lacked quality jobs in the trade sector for decades and why we are basically a backwater economy in many respects: http://www.utsandiego.com/news/2013/nov/02/san-diego-trade-economy-border/

[kpexpress]

Originally Posted by tyleraf

Pacific & Broadway, IDEA 1, 401 W Ash, and Lane Field are all supposed to break ground Q1 2014. Bosa has stated that Kettner and Ash will break ground in 2015. Does anyone know the status of blue sky?

I got an email from their COO a few days ago saying they're going to try to pull a permit before the City goes dark for the holidays. If not, look for breaking ground in January.

[Nerv]

With the new library now completed Pacific & Broadway looks to be the next new building that actually will look pretty interesting in downtown.

Not that there's not some decent stuff going up but I'm actually excited to see this Bosa project.

[tyleraf]

With the Superior Courthouse, Ballpark Village, Convention Center Expansion, and possibly Makers Quarter also scheduled to break ground next year. 2014 is going to be a very exciting year!

[Nerv]

Oohhh, yeah. Forgot about the new county courthouse too.

That will be another interesting looking building to SD's skyline. Good to see some projects that look different in a good way.

Groundbreaking still set for this December?