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  #12681  
Old Posted May 14, 2017, 7:13 PM
SDCAL SDCAL is offline
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Quote:
Originally Posted by embora View Post
Two things:

ONE: Here's the list of developments on the agenda for the East Village Residents Group - Thursday May 18 at 6pm at 1374 Island Avenue:

1. Market & 7th Project - presented by Jason Wood - updating the multi-use project which includes the Ritz Carlton/Whole Foods

2. Alexan Project, 13th and J Street - presented by Alex Schiffer - announcing opening date and an over view of the project

3. East Village South Focus Plan - presented by Architect rob Quigley and Mike Stepner of NewSchool of Architecture - will review the progress on the Focus Plan in-depth

4. SunBreak Ranch - presented by George Mullen - will review an immediate comprehensive homeless solution for San Diego city and county.

TWO: A recent post on the Quartyard's Facebook page says their lease runs out at the end of this summer, and that they will move to 13th & Market, confirming what someone here posted in the past few weeks.
Thank you for this. I will try to attend but I work in north county and depending on traffic might not be able to make it. Hopefully we will have representation from this board and someone will bring back updates. Fingers crossed that market and 7th has resolved legal issues and will be on track!
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  #12682  
Old Posted May 15, 2017, 5:22 PM
The Flying Dutchman The Flying Dutchman is offline
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As it happens, I will be attending this meeting, so I will provide updates for you guys.
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  #12683  
Old Posted May 17, 2017, 6:10 AM
wadams92101 wadams92101 is offline
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Dev map back up

Quote:
Originally Posted by Boatguy619 View Post
What happened to the development map on SD urbdezine? Anything similar, and updated around?
Hi, its back up. It broke for awhile and I was unaware. If it breaks in future, please let me know at wadams@urbdezine.com. I'm the author.
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  #12684  
Old Posted May 17, 2017, 8:19 PM
Lipani Lipani is offline
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Not much of a surprise here. SDSU hasn't really agreed with FS Investors on anything.

SDSU Drops Out Of Talks To Be Part Of Soccer City Development
By City News Service

Quote:
San Diego State University announced Tuesday that it has ended negotiations with the group behind the Soccer City development proposed for Mission Valley, and called on the city of San Diego to issue a request for other proposals for use of the Qualcomm Stadium property.

SDSU officials previously expressed reservations about the Soccer City plan, which would include a joint soccer and college football stadium, a river park, housing and commercial space. The 166 acres became available when the Chargers announced their move to Los Angeles.

La Jolla-based FS Investors created the plan for the development, which could go before voters in November.

Last month, the developer turned in signatures in support of the project to the county Registrar of Voters. If enough are valid, the City Council will have to schedule a public vote or approve the plan outright.

"For well over a year, San Diego State University has engaged in discussions with FS Investors on a possible partnership opportunity at the Mission Valley site," a school statement said. "Unfortunately, a fair, equitable deal that would provide opportunity for the long-term success of SDSU and Aztec football, as well as a transparent deal for the citizens of San Diego, could not be reached.
Full article: KPBS

Last edited by Lipani; May 17, 2017 at 9:22 PM.
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  #12685  
Old Posted May 17, 2017, 9:53 PM
Boatguy619 Boatguy619 is offline
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SDSU is sounding a lot like Dean Spanos, their fairness argument is invalid if they're not willing to put up money. Plus the football team couldn't fill the stadium if they offered free tickets and beer. Enjoy Petco park Aztecs
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  #12686  
Old Posted May 18, 2017, 3:09 PM
ucsbgaucho ucsbgaucho is offline
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Quote:
Originally Posted by Boatguy619 View Post
SDSU is sounding a lot like Dean Spanos, their fairness argument is invalid if they're not willing to put up money. Plus the football team couldn't fill the stadium if they offered free tickets and beer. Enjoy Petco park Aztecs
Problem for SDSU is they have 0 leverage in any of these discussions. They have no plan B, they're relying completely on everyone else coming up with a plan for the site that will work for them, so quite honestly they better be a little more willing to work with the plans suggested. They're very welcome to buy their own land and build their own football stadium if they want to, but that's obviously not an option they're considering.

Any developers with the capital to build out that Q property is going to do what's best for them financially (and the area economically) and a football stadium for the Aztecs doesn't rank high on the impact list. They better be careful or the plans will move forward without them and they'll be left to decide how valuable football really is.
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  #12687  
Old Posted May 18, 2017, 6:40 PM
Lipani Lipani is offline
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^SDSU's Plan B is probably hoping that FS Investors' plan fails and the city will give them the land to develop. Manchester's plan had about 5 minutes of publicity and JMI hasn't said anything in months, so it's not that unrealistic.
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  #12688  
Old Posted May 18, 2017, 7:04 PM
mhays mhays is offline
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Originally Posted by aerogt3 View Post
That's just not true, and shows a big ignorance of basic economics. A hotel price is not a rip off if the price spike is demand driven.

The hotel industry may keep up with time averaged demand over a year or a seasonal period of the year, but within those aggregate periods, are nights where they have way less (or way more) rooms than the current market demand.

That's why prices rise during comicon, and can be absurdly low on a Wednesday night in the off season. A hotel's viability rests on the balance between under supply (and higher margins) in periods of high demand, and oversupply (and losses) during low demand periods. To get comicon prices in line with what you would consider acceptable, hotels would need to be sized for the years largest event, and would be unprofitable due to the oversupply/low occupancy such sizing would create on an annualized basis.

As it stands, even in San Diego's best years, hotel occupancy is about 77% (source below). Effectively any additional rooms to alleviate what you think are comicon "rip offs" would essentially be vacant most of the year; an inefficiency for which an even larger pool of hotel customers would have to pay higher rates (or, the hotel goes out of business.) Alternatively, if comicon rates were so high that hotels could cover the loss incurred on an additonal room for the rest of the year, than hotels would build that room.

http://www.sandiegouniontribune.com/...217-story.html
Hotels get cheaper as occupancy gets lower.

If occupancy was below equilibrium (varies by city, often in 70s), typically the worst case is an owner sells at a loss, then the buyer does better because they bought the property at a discount. (This gets complicated with the owner and operator, aka flag, often being different, and the operator taking a share of the risk.)

Actually the most relevant number is RevPAR or revenue per available room.
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  #12689  
Old Posted May 18, 2017, 10:42 PM
ucsbgaucho ucsbgaucho is offline
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Quote:
Originally Posted by Lipani View Post
^SDSU's Plan B is probably hoping that FS Investors' plan fails and the city will give them the land to develop. Manchester's plan had about 5 minutes of publicity and JMI hasn't said anything in months, so it's not that unrealistic.
I don't think the citizenry would appreciate the city gifting land as valuable as that location, when they could sell for hundreds of millions. If SDSU wants to bid to buy it, city might give them a bit of a discount, but to just hand over that land to the school would be a foolish financial decision by the city. Plus, I doubt the school would have the funds to complete demolition, cleanup and construction of that entire area like private investors are looking to do.

Any stadium is going to have to work for both the Aztecs and an MLS team, bc they're not building an NFL-quality stadium.
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  #12690  
Old Posted May 18, 2017, 11:46 PM
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Northparkwizard Northparkwizard is offline
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Lots of good points here.

Honest questions, is their a precedent for this that anyone is aware of?

A city transferring/selling land to the State of California for a public institution?

Wouldn't that (theoretically) be the deal since it's a State University?
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  #12691  
Old Posted May 19, 2017, 3:22 AM
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embora embora is offline
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Quote:
Originally Posted by Northparkwizard View Post
Lots of good points here.

Honest questions, is their a precedent for this that anyone is aware of?

A city transferring/selling land to the State of California for a public institution?

Wouldn't that (theoretically) be the deal since it's a State University?
I'm not sure of any precedent of the city selling land to the state, but the city does lease land to other public entities. They lease land to a high school on Park Boulevard, and I understand that they lease land to the Navy at Balboa Naval Hospital. My own thinking is that any lease of the Q site to SDSU would probably be pretty permanent, but then they get the benefit of whatever the rent payment is.
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  #12692  
Old Posted May 19, 2017, 11:50 PM
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  #12693  
Old Posted May 20, 2017, 3:20 AM
joemamma joemamma is offline
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Originally Posted by The Flying Dutchman View Post
As it happens, I will be attending this meeting, so I will provide updates for you guys.
We would love to hear any info you might have heard. Thanks
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  #12694  
Old Posted May 20, 2017, 6:47 AM
The Flying Dutchman The Flying Dutchman is offline
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Originally Posted by joemamma View Post
We would love to hear any info you might have heard. Thanks
Sorry, something came up and I had to get away. Maybe someone else can chime in.
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  #12695  
Old Posted May 20, 2017, 9:49 AM
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HurricaneHugo HurricaneHugo is offline
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Do you have to be a local resident to go to those meetings?
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  #12696  
Old Posted May 21, 2017, 5:01 PM
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embora embora is offline
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Here's an article with some updates on the developments within the Maker's Quarter:

Quote:
Makers Quarter: Sunshaded offices, hipster hangouts

Roger Showley
San Diego Union Tribune

Makers Quarter, the five-block gentrifying section of East Village, is already making its mark.
The Coliseum, where Archie Moore once boxed, is turning into a hipster hangout with eight bowling lanes, two karaoke setups, craft cocktails and “scratch food.”
The first housing project, seven-story, 265-unit Broadstone Makers Quarter due to open early next year, will include a high proportion of studios and one-bedroom apartments to appeal to single millennials on the hunt for affordable urban living.

http://www.sandiegouniontribune.com/...517-story.html


Makers Quarter occupies five blocks of East Village to be built around the future East Village Green park. (BNIM)
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  #12697  
Old Posted May 22, 2017, 2:39 AM
The Flying Dutchman The Flying Dutchman is offline
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Quote:
Originally Posted by HurricaneHugo View Post
Do you have to be a local resident to go to those meetings?
Not at all, but they get old after awhile. Most information is public already if you know where to look.
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  #12698  
Old Posted May 22, 2017, 8:33 PM
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Streamliner Streamliner is offline
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UC San Diego is preparing for quite a bit of development at their main campus in La Jolla. The Living and Learning Neighborhood will develop a large parking lot on the western edge of campus into a multi-use student housing/education/minor retail area. It will be one of the campus' larger individual projects. The architecture is similar to other recent campus buildings:





Video:
https://vimeo.com/206659110

Source

UC San Diego is also finishing up some more student housing east of the 5, with more in the pipeline:



Source




Source

This, along with the Trolley line under construction means UCSD is changing very quickly.
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  #12699  
Old Posted May 23, 2017, 8:39 AM
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HurricaneHugo HurricaneHugo is offline
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New home for Sixth college?

Would that mean they'll redevelop Camp Snoopy next?
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  #12700  
Old Posted May 23, 2017, 3:07 PM
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Streamliner Streamliner is offline
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New home for Sixth college?

Would that mean they'll redevelop Camp Snoopy next?
I'm betting yes. Especially considering its prime location next to the future Trolley stop.
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