Commercial development surges in Oceanside with sizable projects
By: THOR
KAMBAN BIBERMAN, The San Diego Daily Transcript
The area in and around
the Ocean Ranch Business Park in Oceanside is about to experience a surge of
new development during the next two years.
Tracey Bohlen, Oceanside’s
economic development manager, cited some major new developments and expansions
within the Ocean Ranch and the Pacific Coast business parks.
The largest industrial
project in Oceanside is FedEx's
(NYSE: FDX) planned 306,000-square-foot distribution center under construction
at Avenida del Oro and Old Grove Road, within Monarch Investment's 122-acre Pacific Coast Business Park.
"FedEx is on 38
acres. It's a large chunk of land," Bohlen said. "That one project
alone is expected to generate 500 jobs."
The FedEx development,
adjacent to Ocean Ranch, is expected to be finished next year.
Newport Beach-based McDonald Property Group has teamed up
with Chicago-based First Industrial
Realty Trust (NYSE: FR) to develop La Pacifica II, a three-building,
237,275-square-foot speculative industrial complex in Ocean Ranch that is
entitled.
The 15.8-acre site was
purchased by the McDonald/First Industrial joint venture for $9.63 million from
Cruzan last September.
McDonald Property
founder Bruce McDonald said his speculative project should succeed, as large
industrial spaces aren't available.
"This is the first
spec. industrial development in the market in six years," McDonald added.
The Coca-Cola Bottling Co. (Nasdaq: COKE) is planning a nearly 200,000-square-foot addition
adjacent to its 90,000-square-foot facility in Ocean Ranch. The plan is fully
entitled.
Genentech (NYSE: DNA), which took
over the 500,000-square-foot Biogen
Idec facility in Ocean Ranch in the middle of the last decade, is in the
process of spending $134 million after relocating some office and conference
functions offsite in order to free up the space for additional manufacturing.
MagnaFlow, an automobile exhaust
systems maker, has plans to augment its 200,000-square-foot facility by an
additional 92,000 square feet. The Ocean Ranch project has also gained its
needed entitlements.
Bohlen noted the
83,000-square-foot industrial facility for Olli Salameria, a cold cuts packager, is almost complete in Ocean
Ranch.
Oceanside, like other
North County cities has numerous brew pubs and beer tasting rooms. One of these
is Urge Brewery, a gastropub
expanding into a 7,730-square-foot space at 2002 South Coast Highway that had
been an Adventure 16 store.
The city of Oceanside is
planning 460-acre El Corazon, the former sand mining site at the heart of the
city where approximately 212 acres are to be devoted to parks and recreational
uses, including 22 completed athletic fields that serve as a magnet for all
kinds of sports.
The athletic fields were
co-developed by Soccer Field of Dreams
and Sudberry Properties -- which
is also expected to develop housing and retail at El Corazon.
A 1,500-foot senior
center was built nearby, as part of the 34 acres intended for civic use.
Proposed uses for El
Corazon have been in flux over the years, including 164 acres of open space.
The 30-acre commercial
portion of the remaining property was conceived as hotel and retail; Bohlen
said the Stirling Development LLC-owned
property may end up as residential.
In one part of the
master plan -- located at Oceanside Boulevard and El Camino Real -- Foothill
Ranch, Calif.-based Stirling has 80 for-sale condominiums in the works, 50 of
which have been set aside for live/work lofts.
Bohlen said these types
of uses may happen in other portions of El Corazon.
Bohlen said Oceanside is
still hoping to develop the waterfront hotel, a project conceived nearly two
decades ago.
A development of SD Malkin, the project calls for a
289-room hotel, a 47-room boutique hotel, 48 timeshares, 18,500 square feet of
visitor-serving commercial and 6,000 square feet of conference rooms.
While this project is
listed as being entitled, litigation has been filed to stop it.
"We were hit with a
lawsuit by [attorney] Cory Briggs last fall. He claimed we didn't have the
proper notices for the project, which we did," Bohlen said, adding that a
hearing on the matter has been scheduled for April 10 in the North County Court
in Vista. "This project is otherwise all ready to go."
While nearly all the
other planned Oceanside hotels are less than 150 rooms, an exception is the
proposed Inns at Buena Vista Creek, which would have 426 hotel rooms along with
10,000 square feet of retail off Jefferson Avenue, north of the Carlsbad's
Plaza Camino Real shopping center.
The Inns as proposed
would have three Hilton brands including Embassy Suites, Homewood Suites and
Hampton Inn. Jenna Development
of Signal Hill, Calif. would be the developer.
The last large downtown
Oceanside area in slated for development is on what was known as CityMark -- five blocks west and east
of the railroad tracks between Seagaze and Civic Center drives.
Plans ultimately call
for 231 residential units, and 38,000 square feet of commercial/retail.
The CityMark property is
owned by GF Real Estate Group, an entity of the Southern Ute
Tribe of Colorado, which developed a 150-room SpringHill Suites on a portion of
the land.
Next up are 66 apartments
and 9,000 square feet of retail near the junction of Mission Avenue and
Cleveland Street.
DISCLAIMER: This blog/article has
been curated from an alternate source and is designed for informational
purposes to highlight the commercial real estate market. It solely represents
the opinion of the specific blogger/author and does not necessarily represent
the opinion of Pacific Coast Commercial. www.PacificCoastCommercial.com
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