SAN DIEGO | Boom Rundown, Vol. 2

[gjime196]

so close to the runway. For Real?!

[Nv_2897]

Front Street Tower
It seems that there are plans in the works for a 21 story office tower behind the Sofia Hotel.
Project Completion: TBD (In the works)
https://www.rios.com/projects/front-street-tower/

[Streamliner]

Originally Posted by SamFlood

Tower on 6th

Where is this one located? I can't pinpoint it on a map

[Streamliner]

--
(Oops, somehow posted twice. I only average like 20 posts a year so give me this one)

[Streamliner]

Originally Posted by Nv_2897

Front Street Tower
It seems that there are plans in the works for a 21 story office tower behind the Sofia Hotel.
Project Completion: TBD (In the works)
https://www.rios.com/projects/front-street-tower/

Wow, this would be great to see. I want more office space downtown, so if they think the demand is/will be there, good.

Design-wise, it evokes the demolished mid-Century Courthouse building that used to exist right across the street. Makes for some visual interest instead of a simple glass box.

[SamFlood]

Originally Posted by Streamliner

Where is this one located? I can't pinpoint it on a map

6th and Olive.

https://goo.gl/maps/c13WsGNfZRJqNMMP7

[dirt patch]

Originally Posted by mello

The project’s construction timeline is dependent on financing, the developer said.

Hmm so this whole time they still don't have financing or do the banksters have to see that the city will let you build first i.e. "construction permits"?

I was super excited about the article but looks like this gorgeous tower still isn't a sure thing as it hasn't secured financing yet. Lets hope they were just waiting on this ruling and already had a lender ready to roll.

Cash is king. Lenders are kings!!!! Only ones that can break ground: Bosa, Pinnacles, and Holland-very deep pocketed developers. Rest: no need apply

[dirt patch]

Construction costs are very high and market is pretty much saturated with high end residences. Not as many high rises will break ground downtown in the next few years. Still, several may still break ground due to deep pockets.

[Will O' Wisp]

There's more opportunities for funding than your conventional economics might indicate. Every government on the planet just spent a year throwing off money, which has sent inflation skyrocketing. But it's not visible, every developed economy is experiencing a spike in inflation near simultaneously so there's no baseline to even measure it against. Even so, there's widespread knowledge that this is occurring so the finance world is throwing everything it can into non-inflationary assets aka real estate.

[RST500]

Navy favors massive project with 10K housing units on NAVWAR site:


https://www.sandiegouniontribune.com...n-navwar-site?

[Will O' Wisp]

Originally Posted by RST500

Navy favors massive project with 10K housing units on NAVWAR site:


https://www.sandiegouniontribune.com...n-navwar-site?

Ho-ly crap.

https://navwar-revitalization.com/draft-eis/

Video Link

Preferred Alternative: Public-Private Redevelopment – NAVWAR and Higher Density Mixed Use with a Transit Center

10,000 residential units
2,058,750 square feet of commercial space
2 hotels with 450 total rooms
433,750 square feet of retail space
109 buildings: 2 low-rise, 19 low to mid-rise, 51 mid-rise, 35 high-rise, 2 standalone parking structures
Tallest buildings up to 350 feet, which is approximately 32 floors
On-site transit facility at OTC Site 1

[Derek]

Oh man, can’t wait to hear what the NIMBYs have to say about this.

[roletand]

Not a new building, but it looks like someone finally leased the old Thomas Jefferson School of Law building in East Village. Does anyone know who it is?

This was buried in an article about Travis Swikard's new restaurant, Callie, going into where Bottega Americano used to be.

Right now, he’s waiting for a revamp of the restaurant’s heating, ventilation and air-conditioning system. The upper floors of the Island Avenue building were recently leased to a scientific company that will be building laboratories and clean rooms in the space that require a separate HVAC system. Swikard doesn’t mind the latest delay. He’s excited about the jobs the new science center will bring to East Village, where he hopes to become a longtime part of the neighborhood’s future.

https://www.sandiegouniontribune.com...to-open-june-4

[HurricaneHugo]

Originally Posted by RST500

Navy favors massive project with 10K housing units on NAVWAR site:


https://www.sandiegouniontribune.com...n-navwar-site?

A second downtown!

Does this mesh with the "Grand Central Station?"

What would be the height limit for the area?

I know it says 350 ft but I'm not sure if that's just the project proposal or the actual limit

[SDCAL]

I was looking at the website for Horton Plaza and noticed some interesting things. First off, it looks like they significantly re-designed the office buildings? The prior renderings were darker and these are white and the design looks different :



Also, what is “Googie”? When I saw the rendering below, I thought they had scored Google as a tenant which I was going to say is impressive. Then I looked closer and it says “Googie”. Is that just a name filler for the renderings?

[Will O' Wisp]

Originally Posted by HurricaneHugo

A second downtown!

Does this mesh with the "Grand Central Station?"

What would be the height limit for the area?

I know it says 350 ft but I'm not sure if that's just the project proposal or the actual limit

Option 4 (the preferred option) and Option 5 include the Grand Central. SANDAG and the Navy have been working together on this from the start, the two projects are basically one and the same.

The height limit is 350'. Technically the TERPS limits slope from 350' on one side of the property up to 600' on the other, but after discussion with various institutional stakeholders 350' was what everyone agreed on. Or more bluntly, it was what everyone was willing to publicly say was perfectly safe, without any reservations. Which is important to the people pushing this one forward, because they already have enough potential issues to work through with this project without adding on that massive one. No one will be able to build taller than 350' unless the Navy decides to amend the EIR in the future, and they've indicated they're not very interested in going through all of this again...

[Streamliner]

I really hope the SPAWAR development goes somewhere, with the preferred option. I haven't been following this one much, but I imagine quite a few people will come out against this. Especially those wealthy homeowners in Mission Hills. Though honestly I think their new "skyline" view will be quite attractive as compared to a view of warehouses and junk shops that currently populate the Midway area.

[dirt patch]

Cisterra most likely will be able to break ground on a 22 story residential tower with Target on the 1st floor. Juicy opportunity for lender/investor in the ballpark area.

[Will O' Wisp]

Originally Posted by dirt patch

Cisterra most likely will be able to break ground on a 22 story residential tower with Target on the 1st floor. Juicy opportunity for lender/investor in the ballpark area.

Looks like we've got some pics



It’s official: Target will open a store in downtown San Diego

[mello]

With it had more height, 22 floors meh. Well its something. What will they be tearing down to build this, looked at that block it doesn't have a vacant spot?