Friday, July 7, 2017

San Diego Waterfront Project Moves Forward

By Karen Robes Meeks

The Port of San Diego confirmed it is working with the current operator of Seaport Village to keep the waterfront shopping and dining area open to the public as it transitions into a larger project to redevelop the Central Embarcadero.

The port, whose lease with current operator TRC expires on September 30, 2018, will seek bids from firms who could run Seaport Village while the redevelopment of Central Embarcadero takes shape over the next five years. The revival project encompasses Seaport Village, as well as Chesapeake Fish, and surrounding areas between the Grand Hyatt Hotel and the USS Midway.

Meanwhile, the port is in exclusive talks with Protea Waterfront Development, the managing member of 1HWY1, and the team chosen to reimagine the Central Embarcadero.

Currently, Seaport Village features roughly 50 specialty retailers, 17 eating and dining spots as well as outdoor entertainment, and is expected to remain open after TRC’s lease expires, according to the port.

The new Central Embarcadero is expected to include 30 acres of parks, open spaces, plazas, piers and walkways; a 480-foot tall observation tower; facilities for commercial fishing, recreational boat and mega-yacht services; retail and office space.