October 20, 2016 Comments Off on $400M MXU Approved, First Ritz-Carlton in San Diego Views: 479 California News, San Diego, West

$400M MXU Approved, First Ritz-Carlton in San Diego

San Diego’s city council approved the market’s first Ritz-Carlton Hotel, that is part of a $400-million, mixed-use retail and residential project. Cisterra Development proposed 7th & Market for 1.16 million square feet in two towers, making it the biggest, most expensive and densest development in the county.

A 39-story tower blends together luxury condos, market-rate apartments, and affordable rental units. Plans by Carrier Johnson + Culture architects include a rooftop terrace, four levels of underground parking and a 6,000-square-foot public plaza.

A separate 19-story tower includes a 153-room hotel component. The developer is incorporating the historic Clermont Hotel, and its 53 single-room occupancy units, into the project. 7th & Market is slated for completion by October 2021.

Read More at San Diego Union-Tribune

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For comments, questions or concerns, please contact Dennis Kaiser

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