The Village at Market Creek Awarded LEED-ND Silver Certification

By Gabriel Circiog, Associate Editor

The Village at Market Creek has become the third project in the country to receive LEED Neighborhood Development approval after receiving a Silver designation under the LEED-ND rating system. The LEED-ND application process for The Village was funded through a grant awarded in partnership by the United States Green Building Council and Bank of America.

The plan calls for the transformation of 84 adjacent acres of deteriorating properties into a cultural “village” that will ultimately include residential, commercial and recreational spaces. The redevelopment aims to integrate these elements around the Euclid transit hub.

Since 1997, over 5,000 residents in partnership with the Jacobs Center for Neighborhood Innovation have helped transform the community into an economically vibrant and sustainable village. In 2010, the Village managed to generate $92.7 million in annual economic activity.

The final plan aims to create 1,000 affordable homes, over 2,000 jobs and 250 new businesses. Approximately 5,500 linear feet of wetlands are expected to be restored, and total surface area of the new construction is expected to exceed 1.6 million square feet. Jacobs Center was assisted by Global Green USA in obtaining the LEED-ND certification.

In other news, Rentv.com reports that San Diego Coffee, Tea & Spice bought a 49,000-square-foot industrial building for $3.75 million. Located at 1722 South Coast Highway, the property was acquired from Lee Enterprises Inc., the parent company of the North County Times.

The seller was represented by Todd Davis and John Orlando from Cassidy Turley BRE Commercial, while the buyer was represented by Tim Clepper of SD Commercial.