Port Launches Seaport Village Redevelopment Effort
Source: Roger Showley, San Diego Union Tribune www.sandiegouniontribune.com March 18, 2016
The San Diego Unified Port District asked
developers Monday how they would turn Seaport Village into a “world-class development.”
The port gave developers until May 2 to respond to the request for proposals and set Aug. 9 as the date to decide whom to pick.
“The world class waterfront development is one of the most important
sites along San Diego Bay, comes with high expectations both from the public
and the district and presents respondents with a one-of-a-kind opportunity to
develop a locally and internationally recognized waterfront destination,” the
port said in the 27-page document.
The request includes not only the 13.2-acre Seaport Village retail center
but also the recently opened Headquarters retail and restaurant in the former
San Diego Police Department building.
The 70-acre site also incorporates the G Street Mole, home to the Fish
Market Restaurant and American Tunaboat Association; the Chesapeake Fish Co. at
535 Harbor Lane; and Tuna Harbor, the commercial fishing docks.
Carlsbad-based Terramar
Retail Centers will
lose its lease to Seaport Village on Sept. 30 2018. It was unable to reach
agreement last year with the port on a redevelopment plan. Seaport, a
collection of historically-inspired buildings that opened in 1980, occupies the
former ferry landing that closed down when the San Diego-Coronado Bridge opened
in 1969.
Terramar’s lease on The Headquarters expires in 2052 and the lease on the Fish Market, operated by a separate company, expires in 2028.
The port said it wants a mixed-use commercial development of “exceptional architecture” with a variety of shops, restaurants and public areas with “strong connections to the water’s edge and the public realm.” Retaining commercial fishing facilities, adding a hotel and linking the area better to the downtown city grid also are included in the port’s check list of possible uses.
But the
port’s first priority is “increasing development potential and ground rent.”
The port receives about $2.5 million annual rent from Terramar for Seaport
Village itself, which includes more than 50 shops and 17 restaurants.
Bruce Walton, Terramar’s vice president for development, said his team had not had a chance to study the port’s request and declined to say if the company will submit a proposal. The company previously submitted an $81 million redevelopment plan that the port did not endorse.
Chris Glenn, who
owns four shops at Seaport Village, leads a grassroots campaign, “Save Seaport
Village,” which has received more than 10,000
visitors to its webpage and Facebook
page. He said he and several other tenants met
with port officials several weeks ago but received no commitment to phase in
any changes that might make it possible for any of shops to remain in business.
“We’re definitely not trying to stop any growth or any kind of change,” Glenn said Monday, commenting that the port could greatly increase its income if it ran the project itself.
Port Chairman Marshall Merrifield said it would not be fair to potential
bidders to carve out a portion of the village and retain any of the tenants
when the port is seeking the best possible ideas. But he encouraged current
tenants to propose their own plan or partner with another developer.
“We are hoping that we’ll have interesting proposals from near and far,
from small to large, that fit with our integrated plan,” he said.
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