Inside the Rapid Growth of San Diego’s Liberty Station

Liberty Station in Central San Diego is attracting strong real estate investment and development.

Liberty Station—a small neighborhood along the coast near Downtown San Diego—is rapidly growing. The market is attracting real estate investment, but the market is near full with few remaining development opportunities. In the current pipeline, there is a boutique hotel and performance venue. The neighborhood is also home to 50 local businesses, 70 entertainment venues and 40 restaurants. The neighborhood and its growth is an example of the demand and evolution in San Diego.
“The real estate investment at Liberty Station is unique because it is a healthy balance of local and national investors and tenants,” Nate Cadieux, senior project manager, McMillin Cos., tells GlobeSt.com. “Many of the retail projects within Liberty Station do not fit the mold of a traditional retail development and as such, it was difficult to generate the development activity through traditional channels. It required a more thoughtful, curated and hands-on approach from the developer to help investors and operates see the vision of what could be.”
Historically, the market has served Navy members, but today the market demographic is much different. “When the Naval Training Center San Diego was closed in the mid ‘90s, the community and the city envisioned its reuse to be a landmark as a community gathering space for our city,” Cadieux. “Liberty Station has been transformed through the thoughtful community input and deep commitment of the Master Developer, The Corky McMillin Companies. Today it has become a landmark of our city’s entrepreneurial spirit and naval history and as such embodies many of the best characteristics of our city.”
Since, real estate investment has helped to transform the market. Investment has been widespread across asset classes. “Liberty Station has a broad mix of uses, which is why it is such a vibrant community,” says Cadieux. “Liberty Station has multiple schools, a community-oriented Church, a neighborhood serving retail center with national credit tenants, a civic arts and cultural district as well as many locally operated hospitality concepts. Each of these uses attract their own community of investors and operators.”
Over the next five years, Cadieux forecasts similar growth and capital interest, especially as the greater San Diego market evolves. “Liberty Station is an ever evolving place, so to some extent, it will never be finished,” he says. “Each individual owner is always looking for ways to improve the guest experience and add value to each of the tenants of the project. We envision this evolution of the place to be a healthy and critical commitment to maintaining the qualities that make Liberty Station an amazing place that celebrates its past, its present and its future.”
Article By GlobeSt.com
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. 
All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site.  The owner of will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.
Keywords: San Diego Commercial Real Estate For Sale, Commercial Property In San Diego, Commercial Real Estate In San Diego, San Diego Investment Real Estate, Commercial Property Management In San Diego, San Diego Commercial Property Management, Commercial Property Management San Diego, Managed Commercial Property San Diego, Commercial Property For Sale San Diego, San Diego Commercial Real Estate Leasing, Top Real Estate Agents in San Diego, Commercial Property in San Diego, Property Management Company San Diego, Real Estate Agent in San Diego, San Diego Commercial Real Estate

Comments

Popular Posts