A local developer has proposed a $400 million development that would add several game-changing uses to Downtown San Diego.
"A nearly $400 million high-rise project that promises to give downtown San Diego its first five-star hotel cleared a major hurdle [in December] when the San Diego City Council agreed to negotiate a deal with the developer," reports Lori Weisberg.
The 160-room hotel would be a Ritz Carlton. The development would also include a gourmet grocery store (Whole Foods), 156,000 square feet of office space, 238 public parking spaces, 115 apartments, and 58 Ritz-branded condos. The centerpiece of the project is a 39-story high rise.
The City Council decision rendered in December allows the city to "initiate negotiations with San Diego-based Cisterra Development on an agreement spelling out the precise scope of the hotel, office and housing project, as well as how much the developer would pay to acquire city-owned land at 7th Avenue and Market Street where the high-rise would be located," according to Weisberg.
FULL STORY: Downtown's Ritz, Whole Foods project clears key hurdle
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San Diego Housing Assistance, Homelessness Programs Facing Major Cuts
Programs supported by federal and state programs are on the brink of losing funding, putting thousands of homeless and at-risk residents in jeopardy.
San Diego School District Could Accelerate Workforce Housing Program
A proposal to build housing on five district-owned properties could yield 1,000 housing units for low- and moderate-income district employees.
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National Parks Layoffs Will Cause Communities to Lose Billions
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Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
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