November 11, 2016 Comments Off on Port Approves $1.2B Seaport Redev Team Views: 439 California News, San Diego, West

Port Approves $1.2B Seaport Redev Team

San Diego’s port approved the bi-coastal development team selected to transform Seaport Village into a $1.2-billion waterfront destination. Seaport San Diego is envisioned to emerge over the coming decade with three hotels, shops and restaurants, a signature 480-foot observation tower, a partially underground aquarium, 30 acres of parks, beaches and promenades, as well as upgraded boating facilities.

The 1HWY1 development team includes Protea Waterfront Development, a partnership between San Diego-based Gafcon and the owners of Rancho Santa Fe, CA’s Rancho Valencia hotel. Others involved are RCI Marine Group, OdySea, and ThrillCorp.

Plans include 1,075 hotel rooms, including a 350-micro-room Yotel, San Diego’s first Virgin-branded property, and a 225-room Freehand hostel. The developer is seeking to start construction in 2020, with phased completions slated between 2022 and 2025.

Rendering of Seaport San Diego’s SkySpire

Rendering of Seaport San Diego’s SkySpire

Read more at San Diego Union-Tribune

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For comments, questions or concerns, please contact Dennis Kaiser

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