A San Diego firm’s seven-year quest to develop a $1.3 billion mixed-use project in Mission Valley took a step closer to reality this month.
The San Diego City Council on Oct. 21 approved Sudberry Properties’ proposed 230-acre project that could include up to 4,780 homes and 900,000 square feet of office and retail space.
“There’s an opportunity for a renaissance (in Mission Valley),” said Marco Sessa, vice president of development at Sudberry.
The proposed development, Quarry Falls, is located north of Friars Road and between Interstate 805 and Mission Center Road. The site is currently leased by Vulcan Materials Co. and used for the mining.
The next step for Sudberry is to design and submit detailed construction documents to the city.
Groundbreaking of the first phase of development will commence in 18 to 24 months, according to Sessa. Sudberry and its development partner, the longtime owners of the rock quarry, will begin looking for financing closer to the groundbreaking.
He said Sudberry already has the financing to continue detailed construction plans.
The local developer worked with both the San Diego office of Wallace Roberts & Todd and San Diego-based Carrier Johnson on planning and design.
Quarry Falls is scheduled to be built in four phases during 12 to 15 years, with each phase taking approximately three to four years to complete. The entire proposed project would generate 22,000 construction jobs.
Sudberry aims to develop Quarry Falls as a gold-certified LEED project with the U.S. Green Building Council. Green features include shared car programs, walking trails, use of reclaimed water on-site, and use of nearby construction materials.
Brian Schoenfish, a senior planner with the city, said the city’s general plan identifies the Quarry Falls area as having a high propensity for village development where a mixture of residential, commercial, employment and civic uses are integrated with public spaces and transit.