Daily Business Report-Nov. 9, 2016
Rendering of Seaport San Diego. (Courtesy AVRP Skyport Studios)
Port Commissioners Choose Team
To Redevelop Seaport Village Property
The San Diego Board of Port Commissioners voted unanimously Tuesday to select the Seaport San Diego development team to proceed with a $1.2 billion plan to redevelop Seaport Village.
Seaport San Diego’s 70-acre, 2.2 million-square-foot design includes a mix of hotels, shops, restaurants, a public beach, an aquarium, an educational facility, a Smithsonian Media attraction, and a 480-foot observation tower.
AVRP Skyport Studios’ plan for the project is led by Principal Randy Robbins working with principal and design leader Frank Wolden and Principal Doug Austin.
The coalition submitting the plans is called 1HWY1.
“Seaport San Diego provides an amazing opportunity to link our city’s greatest assets,” said Wolden. “As Seaport lives up to its ultimate goal, it will be 70 acres that knits together the bay, the city, the air, Coronado Bridge, and the Midway Museum into incredible experiences.”
The board’s action formally concluded the competitive process, where five other proposals had been submitted. The next step would be for port staff to conduct additional studies on the Seaport San Diego plan before returning to the board with an update and a preliminary agreement for consideration around mid-2017.
According to port staff, the redeveloped property is projected to produce $22 million in annual rent after full buildout in 10 years.
Collaborating on the project to date includes: Vaughn Davies, known internationally for precedent-setting and large-scale waterfront projects. For Seaport San Diego, he has been working with the team in the planning of the waterfront and public spaces. BIG (Bjarke Ingels Group) has provided design for Seaport San Diego’s iconic aquarium. BIG is a Copenhagen and New York-based group of designers. Also, internationally-renowned lighting artist Peter Fink, who won the international competition to transform the Coronado Bridge into a light sculpture using renewable energy, has been working with the team to develop special artistic lighting for Seaport San Diego.
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Hewlett-Packard Sells off its
Large Rancho Bernardo Property
Hewlett-Packard has sold its Rancho Bernardo property — seven office and R&D buildings and one Class A office building — to Swift Real Estate Partners. The property at 16399 West Bernardo Drive totals 782,211 square feet on 67.5 acres.
Hewlett-Packard has owned and occupied the property since the first building was constructed in 1970. It will lease back 79 percent of the property. The financial details were not disclosed.
“The HP San Diego campus aligns well with Swift’s successful track record of acquiring and repositioning corporate real estate and will be a great addition to our Southern California portfolio,” said Steve Blue, Swift Real Estate Partners’ managing director for Southern California. “Moreover, we are excited to now include HP into our tenant line-up and work with them to enhance the campus for the benefit of their employees.”
Louay Alsadek, Alex Somerville, Hunter Rowe and Brad Black of CBRE represented Hewlett-Packard in the sale.
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Cal State San Marcos Receives $200,000
Grant to Improve Literacy through Arts
Thanks to a $200,000 grant from the Stuart Foundation, California State University San Marcos will soon launch a countywide campaign focused on providing access to all children to a better education by improving literacy through the arts; including technical assistance to implement arts plans, professional development, and mentoring.
The program, called ART=OPPORTUNITY, will include a series of summits, special events and training. It will be implemented by Merryl Goldberg, executive director, Center ARTES and a leadership team of arts educators, professionals and area nonprofits.
Goldberg is a professor of music at Cal State San Marcos and director of Center ARTES, a university center dedicated to restoring arts to education. She is the author of “Arts Integration: Teaching Subject Matter Through the Arts in Multicultural Settings” 5th edition (2017) as well as other books, articles, chapters, editorials, and blogs. She has been the principal investigator of numerous grants.
“We will have a specific focus on Leadership, Literacy and Sustainability,” said Goldberg. “Our highest goal is to ensure that every child has the opportunity for an exemplary education that includes learning in, with and through the arts.”
The first summit is scheduled for early 2017.
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Chula Vistan Appointed Administrator of the
Veterans Home of California, Chula Vista
Gov. Brown has appointed Thuy Mascorro, 43, of Chula Vista, administrator of the Veterans Home of California, Chula Vista, where she has served as standards compliance coordinator since 2011 and was an institutional personnel officer from 2009 to 2011.
Mascorro was a staff services manager at the California Department of Transportation in 2009, where she was an associate personnel analyst from 2005 to 2009. She held several positions at the State Compensation Insurance Fund from 1999 to 2005, including workers’ compensation insurance representative, workers’ compensation insurance adjuster and workers’ compensation payroll auditor.
The position does not require Senate confirmation and the compensation is $133,008. Mascorro is registered without party preference.
