Texas Apartment Developer Proposed Project on Charger's Planned Stadium Site
Source: Patricia Kirk, Bisnow, OC/SD, June 16, 2015
Dallas-based Mill Creek Residential Trust, a multifamily developer with 50 projects
nationwide totaling about 15,000 units, has submitted a proposal to Civic San
Diego for a 383-unit apartment project, called The Modera, smack in the middle
of the site where the chargers plan to build a $1.8B stadium-convention center
annex. A ballot measure that would help fund the “convadium” project is headed
for the Nov. 8 ballot, but that hasn’t put the brakes on this Texas developer’s
designs on the site.
The Chargers’
proposed site is bounded by 12th and Imperial avenues and K and 16th
streets. The Modera’s proposed site is on the southeast corner of 14th
and K streets and is one of several privately owned parcels the city will have
to acquire if voters approve the ballot initiative to fund the convadium
project. This measure would raise the hotel room tax from 12.5% to 16.5% to
fund it.
The team and
NFL have pledged $650M, two-thirds of the $1B cost for the stadium. The
remaining $800M would fund the convention center complex, which includes
ballrooms, meeting rooms and exhibition space; pay the remaining debt on
Qualcomm Stadium; and provide funds for tourism marketing.
Mill Creek
development manager David Potter told the San Diego Union Tribune the project
could be approved prior to the election if his firm’s architects, Carrier
Johnson + Culture, revise project plans to Civic SD’s satisfaction. MTS chief
of staff Sharon Cooney told the planning committee a residential use is
incompatible with maintenance operations at the bus yard, also on the Chargers
proposed site, because it is a noisy business. Planning committee chairman Rich
Geisler noted the city has rejected an apartment proposal near the Solar
Turbines industrial plan on Pacific Highway for a similar reason.
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