Terramar Retail Centers Present Green Redevelopment Plan for Seaport Village
- Nov 21, 2011
Terramar Retail Centers, owner of the Seaport Village, has come up with a redevelopment plan that aims to revitalize the Bayside shopping center. Signon San Diego reports the plan calls for an 82-room hotel, simplification of the architectural theme on the west side and demolition of the east side. The goal of the project is to increase by up to 30 percent the space, attract new national name brands to join the collection of local shops and prove that green redevelopments work.
Alex Liftis, senior vice president of Terramar Retail Centers, presented the proposal to the San Diego Unified Port District board. As would be expected there are supporters for the project and others who voice their concerns. Lee Burdick, a San Diego port commissioner, declared himself pleased with the response of Terramar to the demands of the staff and the board. Some locals, however, are voicing concerns that national name brands coming to the village could ruin locally owned businesses and tarnish the unique and charming nature of the Village.
If the port agrees to the plan, Terramar is expected to renew its lease which is set to expire in 2018 and spend up to $40 million over the next years.
The Seaport Village redevelopment plan aims to:
- Demolish the 42,800-square-foot east side, remodel 49,600 square feet to the west and add 87,000 square feet in new buildings bringing the new total to 136,600 square feet.
- Build an 82-room hotel at the southwest corner
- Build a three-level, 830-space parking garage
- Add a 100-seat amphitheater at the entrance of the park
- Replace the Harbor House restaurant with a new restaurant, retail and clock tower building at the base of Kettner Boulevard
- Create a public gathering space at the entrance on Pacific Highway, inspired by Rome’s Spanish Steps.