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Wednesday, Oct 4, 2023

Retail Complements Residential Projects

In San Diego’s rapidly transforming Downtown, small businesses will have their place and shop owners will even be able to live above the store in property they own, those involved in developing the residential projects said.

Village Walk, a 72-unit condominium project under construction at 1532 India St. in Little Italy, has seven, three-story townhouses with a ground-level space that can be converted into a store.

Gary Driver, sales and marketing director for the Olson Co. of San Diego, which is developing the project, said the townhouses are in the first phase of 22 units that went on sale March 4.

The company began collecting the names of people interested in the project on Nov. 12. So far, 400 have placed their names on the interest list, he said.

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Some of the many other residential projects that include retail space are:

– The Apartments at Hotel El Cortez at Seventh Avenue and Ash Street. Most of the approximately 12,000 square feet of space has already been pre-leased, according to leasing agent Bill Shrader of Burnham Real Estate Services of San Diego.

– The 900 F Street apartments, with approximately 2,000 square feet of retail space. Yehudi Gaffen, principal of Gafcon Inc. of San Diego, the construction manager, said the space would be available in November.

– Marina Place, with 151 apartments on the block bounded by Market Street, and First, Second and Island avenues. The Morgan Group of Dallas and SAS Development LLC of San Diego plan to offer 11,000 square feet of retail space at the development, according to Peter Hall, president of the Centre City Development Corp.

– Renaissance, formerly Marina Center, which is located between First Avenue and Front, Market and G streets. Reliance Development Group of Los Angeles will offer approximately 14,000 square feet for lease, according to Sunshine McCoy, a company spokeswoman.

– The KUSI Mixed-Use Project on the block bounded by First, Second and Island avenues and J Street. McKinnon Properties of San Diego will have 26,000 square feet of retail space for lease there, Hall said.


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