Can't wait to see this one..... Sounds really BIG
CCDC and the San Diego Redevelopment Agency have selected Related Cos., a private real estate development firm, San Diego-based CityLink Investment Corp. and Carrier Johnson as a joint venture team to negotiate the proposed development of a major mixed-use project at Seventh Avenue and Market Street. The $300 million project -- contained on a single block -- will have 42 stories of market rate and affordable housing, hotel, retail, street-front commercial and cultural space and a police storefront. The developers will build a 650-vehicle public parking garage that will be owned and operated by CCDC and the Redevelopment Agency.
“Seventh and Market offers local residents a new model for a multi-level, active city center, and it adds a distinctive skyline,” says Frank Wolden, design principal for Carrier Johnson. “This 'sky palace' features roof decks and garden terraces that cascade down the building, allowing people to walk outdoors on all levels of the tower. The concept of a vertical city energized by 'skylife' also is captured by a series of levels visually identified by stairs, balconies and terraces, all reflected in the striking use of glass, which gives the tower a luminous quality at all times of day.”
Affordable housing units will be dispersed throughout the tower. Three levels of private underground parking will serve residents and tenants. Above, six levels of public parking will be enveloped and masked by the residences.
“The integrated public and private project components will create a model mixed-use, mixed-income development enabling CCDC and the Agency to create a vertically integrated landmark high-rise and a new cultural venue that will create a living legacy to and celebrate Downtown's African-American history,” says William Jones, president and CEO of CityLink.