Daily Business Report-June 20, 2019
The Chula Vista Bayfront resort hotel and convention center will be operated by Gaylord Hotels. (Renderings are courtesy of RIDA Chula Vista)
Port Commission action Tuesday signals the
start of Chula Vista waterfront transformation
The Board of Port Commissioners on Tuesday unanimously granted project approval and authorized issuance of a Coastal Development Permit to RIDA Chula Vista LLC for development of a $ 1 billion resort hotel and convention center on the Chula Vista bayfront, the centerpiece for a world-class destination offering acres of park, open space, recreation and cultural features for residents and visitors. The project has been described as the last great waterfront development opportunity in Southern California.
The Chula Vista Bayfront resort hotel and convention center will be operated by Gaylord Hotels, the large convention hotel brand of Marriott International. It will include: up to 1,600 hotel rooms; approximately 400,000 square feet of convention and meeting space (including pre-function space); retail and resort-level amenities such as: restaurant/bar/lounge facilities; recreational facilities; a spa; a pool with a lazy river; bike and boat rentals; and more.
The project cost is estimated to be approximately $1.13 billion and is expected to have a tremendous regional economic impact, generating approximately $1.3 billion. RIDA estimates approximately 10,000 jobs (both direct and indirect) will be created during the construction period, and once built, another $475 million is anticipated to be generated per year with 1,500 permanent jobs created.
When complete, the public will enjoy more than 200 acres of parks, a shoreline promenade, walking trails, RV camping, shopping, dining and more. The master plan also establishes ecological buffers to protect wildlife habitat, species and other coastal resources.
“This is a great day for Chula Vista, the Port of San Diego and the region,” said Chula Vista Mayor Mary Casillas Salas. “We are thrilled the Port Commissioners approved the development permit for RIDA Development to construct our world-class hotel and convention center on the Chula Vista Bayfront. We look forward to the groundbreaking celebration in 2020.”
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PG&E’s $1 billion deal is a start
Pacific Gas and Electric Co. agreed Tuesday to a $1 billion settlement with several California local governments for fires dating to 2015, while legislators and Gov. Gavin Newsom look for a broader plan for wildfire.
The settlement is a milestone for the company and the affected municipalities. But the San Francisco utility, which is in bankruptcy and on criminal probation, faces billions more in claims by individuals who lost property or survivors whose family members died in the blazes.
Over half of the settlement is to be divided between Paradise and Butte County, which were ravaged by last year’s Camp Fire. Other money would be divided among governments in Napa, Sonoma, Lake and Calaveras counties.
The San Francisco Chronicle: It’s not clear when any of them will actually be paid. The settlements will be included as part of PG&E’s plan to exit bankruptcy protection.
The settlement was announced as California lawmakers work on a broader deal.
— Dan Morain, CALmatters
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Sudberry Properties to develop luxury residential,
mixed-use development in Scripps Ranch
Sudberry Properties has started construction on The Hub at Scripps Ranch, a mixed-use redevelopment project on 9.52 acres, located at the gateway to Scripps Ranch at 9850 Carroll Canyon Road, just east of Interstate 15. The Hub will feature 260 luxury apartments with amenities and approximately 11,000 square feet of retail/restaurant space. The Hub at Scripps Ranch is anticipated to open in phases, with the first apartments and commercial spaces available for occupancy in the fourth quarter of 2020.
Colton Sudberry, president of Sudberry Properties, said The Hub will include five four-story garden-style residential buildings, a leasing center, a 2,053-square-foot gym, a lounge, a terrace overlooking a beautifully landscaped pool area and high visibility locations for restaurants and retailers. Apartments will feature one to three bedrooms and range from 614 to 1,391 square feet. Interior amenities include stainless steel appliances, quartz countertops, wood-style flooring and in-unit washers and dryers.
Sudberry Properties’ development team includes MVE Architecture, Reylenn Construction Company, Inc., general contractor, Pasco Laret Suiter & Associates, civil engineering and land planning, GroundLevel Landscape Architecture, and Design Te, Inc., interior design. Matt Mosser of Retail Insite is responsible for leasing.
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Centerplate selected to provide hospitality
services at new Bayside Performance Park
Centerplate has been awarded the long-term contract with the San Diego Symphony to provide hospitality and food service at the new Bayside Performance Park, following a lengthy and competitive bidding process. The contract will grant Centerplate exclusivity for all catering, food and beverage, and concessions services at the venue.
The Bayside Performance Park is a result of the efforts of the San Diego Symphony to bring a permanent outdoor venue with superb acoustics that is aesthetically stunning and provides vibrant programming that connects deeply with San Diego’s many audiences.
Centerplate said it will provide experienced talent that leverages recognized culinary, hospitality, facility design and development best practices to deliver a highly distinctive and innovative product offering for the benefit of the community and San Diego Symphony Orchestra guests. The team will work with chef and TV personality Richard Blais and curate new food and beverage offerings from a variety of San Diego chefs and restaurateurs.
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East County Chamber to present
free health fair Saturday, June 29
The San Diego East County Chamber of Commerce will present “Health Fair Saturday,” one of the largest annual free health fairs in East County, from 10 a.m. to 2 p.m. on Saturday, June 29, in the promenade area near the movie theaters at the Grossmont Center mall, 5500 Grossmont Center Drive, La Mesa.
The free event is expected to feature information booths, including health screenings by Sharp Grossmont Hospital health professionals for stroke and blood pressure, as well as the latest information on health-related techniques and products from for-profit and nonprofit organizations. Additional information will be available on senior housing, home care services and assistance, senior recreation and fitness, health insurance, nutrition, cancer care and dentistry, as well as children’s care and services, diabetes care, Alzheimer’s resources, pet health, skin care and medication resources and counseling. The San Diego Blood Bank will host a blood drive from 11 a.m. to 4 p.m.
Event sponsors include the Grossmont Healthcare District, Sharp Grossmont Hospital and Grossmont Center. For more information, contact Diana Senica, events coordinator, at the East County Chamber at (619) 440-6161, or visit www.eastcountychamber.org.
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Biocom calls for nominations
for life science Catalyst Awards
Biocom, the association representing the California life science industry, announced a call for entries for the fourth annual Life Science Catalyst Awards. The association also announced that it will now accept nominations from the Bay Area for the first time. Each of the three regions (San Diego, Los Angeles, San Francisco Bay Area) will have its own separate nomination and judging process. The awards are designed to identify accomplished and up-and-coming academics, entrepreneurs, investors, corporate leaders and business advisers who are making their mark on the life science industry before reaching their 40th birthday.
Nominations for the award will be accepted until July 31. Honorees will be highlighted in the cover feature of the Biocom LifeLines magazine and celebrated at the Biocom Annual Dinner. The Life Science Catalyst Award will honor standouts from: Biotechnology (health care, industrial, environmental); Pharmaceuticals; Genomics; Medical Devices; Diagnostics; Digital Health; Universities and Research Institutes; Business Consulting; Venture Capital.
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PTSD study identifies potential
target for memory disruption
Fight or flight, panic, trembling: Our brains are wired to ensure we respond instantly to fear. While that fear response may save our lives in the dangerous moment, at times people stay on high alert long after the threat has passed, and develop post-traumatic stress disorder.
A new study from Scripps Research suggests it may be possible to disarm the emotional memories of trauma that drive PTSD symptoms by targeting a molecule found elevated within the brain’s emotional memory processor, the amygdala. The research also may offer a novel biomarker for treatment.
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Bank of America announces $530,000
in grants to 36 San Diego nonprofit organizations
Bank of America announced $530,000 in grants to 36 San Diego nonprofits that will advance economic mobility for individuals and families and put them on a path toward success. The grants focus on basic needs fundamental to building lifelong stability as well as needs related to workforce development and education that help individuals chart a path to better economic futures.
The grants being awarded by the bank support local nonprofits and programs providing supportive services ranging from food banks and emergency shelter to youth job training and alternative pathways to employment.
Alpha Project will use its funding for its Rapid Response Housing program that provides rental assistance, landlord advocacy and assistance finding affordable housing and case management for homeless families and individuals.
Alpha Project will use its funding for its Rapid Response Housing program that provides rental assistance, landlord advocacy and assistance finding affordable housing and case management for homeless families and individuals
The Jacobs & Cushman San Diego Food Bank will use the funding to support its Childhood Hunger-Relief Initiative, specifically the School’s Out Hunger’s Not Summer Food Drive, which provides food for tens of thousands of the most vulnerable children in San Diego County and specifically focuses on chronically hungry school children living in poverty.
The San Diego Workforce Partnership will use its funds to expand its county-wide internship program toward its new Live Well Center that provides supportive services to low-income residents such as those re-entering the workforce. The San Diego Workforce Partnership will use its funds to expand its countywide internship program toward its new Live Well Center that provides supportive services to low-income residents such as those re-entering the workforce.
Other San Diego-area organizations receiving grants include : Alpha Project for the Homeless, Asian Business Association Foundation, Barrio Logan College Institute, Big Brothers Big Sisters of San Diego County Inc, Biocom Institute, Connect Foundation, Father Joe’s Villages, Info Line of San Diego County, Interfaith Community Services Inc, International Rescue Committee Inc, The Jacobs & Cushman San Diego Food Bank, Junior Achievement of San Diego County, Just in Time for Foster Youth, Kitchens For Good, LEAD San Diego Inc., Metropolitan Area Advisory Com on Anti-Poverty of San Diego County Inc, National Veterans Transitions Services Inc, Ocean Discovery Institute, Reality Changers, Regents of the University of California at San Diego, Ronald McDonald House Charities of San Diego Inc, San Diego Center For Children, San Diego Lesbian Gay Bisexual and Transgender Community Center, San Diego Mana, San Diego Regional Chamber Foundation, San Diego Regional Economic Development Foundation, San Diego Rescue Mission, San Diego Workforce Partnership, Support The Enlisted Project, The Neighborhood House Assn, United Way of San Diego County, Urban Corps of San Diego, Urban League of San Diego County, USS Midway Museum, YMCA of San Diego County.
