Quote:
Originally Posted by The Flying Dutchman
Awesome if true. BOLO for a RFP re: the old courthouse. That should be huge, too.
|
Im an idiot and cant figure out how to attached an image...so here is the text:
Horton Plaza (the “Property”) presents the unique opportunity to acquire one of Downtown San Diego’s most iconic assets with long-term redevelopment potential for up to ~3.2 million square feet of urban, mixed-use development. The Property is being offered unencumbered of existing debt to a select group of investors on an “As Is” basis. All inquiries should be directed to Eastdil Secured (“Exclusive Advisor”).
INVESTMENT HIGHLIGHTS
Landmark Acquisition Opportunity
Opportunity to acquire one of San Diego’s most recognizable assets with significant potential for long-term redevelopment.
Planned for up to ~3.2 Million Square Feet
Zoning allows for up to ~3.2 million square feet of urban, mixed-use development with a variety of uses including (but not limited to) residential, office, and hospitality.
Existing Shopping Mall Serves as Downtown San Diego’s Retail Hub
The Property currently encompasses a 5-level retail shopping mall measuring ~732,000 square feet, and two adjacent parking structures totaling ~2,726 stalls.
Irreplaceable Land Site Covering Nearly Six City Blocks
Horton Plaza is situated on ~10 acres in the heart of Downtown San Diego immediately adjacent to the historic Gaslamp Quarter, San Diego’s core for shopping, dining, entertainment and hospitality.
In-Place Cash Flow Provides an Attractive Covered-Land Opportunity
Substantial in-place net operating income allows an investor near term cash flow while preparing for development, creating an attractive covered-land opportunity.
PS
The old courthouse RFP, I agree, is also going to be amazing. Some really neat ideas floating around, but most all include a very dense program, and engaging walk streets with pedestrian connection from little italy to Broadway.