Kilroy Realty Corp. Plans $45M Office Project in Del Mar Heights

After being acquired by Kilroy Realty Corporation in 2013, The Heights at Del Mar is now set to be expanded. The new owner recently issued a statement announcing that it is developing a brand new, speculative office project in an office submarket of San Diego that has not seen a new property be built in eight years. The $45 million investment will be the third asset part of The Heights at Del Mar office complex. A formal groundbreaking at the property was held earlier this month at the site, with completion set for Q4 of 2015.

A year after acquiring The Heights at Del Mar, Kilroy Realty Corp. is planning to invest $45 million to develop a third office building on the campus. Kilroy broke ground earlier this month on the project, which will be Del Mar Heights’ first new speculative office building in eight years.

Taking shape at 12770 El Camino Real at the corner of Townsgate Drive, the 74,895-square-foot Class A office building would expand the campus to about 295,000 square feet. The existing buildings at the complex offer 219,000 square feet and are LEED Silver-certified. Scheduled for completion in the fourth quarter of 2015, the building will be a candidate for LEED Gold certification.

The Heights at Del Mar is located near 270,000 square feet of full-service retail and a community park that also features multiuse sports fields, exercise facilities, a gymnasium, basketball and volleyball courts and a swimming pool.

Designed by Gensler, the project will feature steel frame construction, floor-to-ceiling glass, a top floor balcony and indoor/outdoor workspaces. Amenities will include a high-end fitness center, golf simulator, outdoor amphitheater and secured executive parking below ground level. Cassidy Turley will serve as leasing agent.