Health care education provider Pima Medical Institute has signed a long-term lease for a space at the North City mixed-use development in San Marcos, the project’s developer announced.
A statement from Urban Villages San Marcos said the private school has signed a 15-year lease, valued at more than $16 million, to occupy 40,000 square feet. It will be the second local campus for Arizona-based Pima, which has 16 U.S. locations including one in Chula Vista.
In San Marcos, Pima will occupy the first two floors in a three-story, 60,000-square-foot building under construction on Campus Way, fronting state Highway 78 and set for completion in 2017. Pima officials said the new location is expected to create approximately 90 jobs and serve an active population of 600 students.
San Diego-based Urban Villages, led by principals Gary Levitt and Michael McDonald, is developing the multi-phase, 204-acre North City adjacent to the campus of California State University, San Marcos. Completed elements include The Quad, with student housing and adjacent eateries and retail spaces.
Designed as a “live-work-learn” community with access to existing mass transit, planned upcoming elements at North City include more residential, retail, office and other commercial spaces. Developers said leasing for the project’s planned 800,000 square feet of future offices is being handled by Gary Williams, Tucker Hohenstein and Chris Williams, of brokerage firm Colliers International.
Construction at North City began in 2013. Developers have said it is expected to entail more than $1 billion in new projects over the next decade, adding about 4 million square feet of new residential and commercial amenities to the San Marcos market.