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Mission Valley Project to Include 284 Apartments

Trammell Crow Residential is building a 284,000 square-foot project in the heart of Mission Valley on a nearly five-acre site near the Fashion Valley Mall that will combine apartments, office space and retail space.

The Alexan Gallerie, 375 Camino Real de La Reina, will have 284 apartments, more than 8,000 square feet of office space, and more than 3,000 square feet of ground-floor retail space.

“As a native San Diegan, I think it’s incredible to see what’s happening in Mission Valley where it’s turning into a true multi-modal, mixed-use area,” said Alec Schiffer, managing director of development for Trammel Crow Residential.

“It’s going to turn into one of the true mixed-use areas of San Diego and it’s evolving into a really cool place,” Schiffer said. “We’re really happy to be part of that evolution.”

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Schiffer said Alexan is meant to complement other nearby Mission Valley projects, included the redevelopment of the former Union-Tribune building across the street into the Ampersand office complex and the $3 billion redevelopment of the 200-acre Riverwalk Golf Course planned by Hines, based in Houston.

Partnering with Trammel Crow on the project is Invesco, a real estate investment firm based in Atlanta.

Evolving

Trammell Crow acquired the property in August 2011 for an undisclosed price and has declined to say how much Alexan Gallerie will cost to build.

“This is a perfect example of what I think we’re going to see a lot more of, which is the redevelopment and change of use of older, obsolete properties,” said Richard Gonor, executive vice president of the commercial brokerage JLL in San Diego. “The densification and redevelopment of the area is going to continue to improve the overall appeal of the submarket.”

Gonor and Brandt Riedman, a vice president of JLL in San Diego, are handling leasing of the office portion of Alexan.

“We’re continuing to see Mission Valley evolve and there’s going to be tremendous change that’s going to take place over the next five to 10 years. You’ve got San Diego State West and Civita entering into its final residential phase and entering its commercial phase. You’ve got Riverwalk,” Gonor said. “You’ve’ got millions and millions of dollars pouring into Mission Valley.”

Civita is a nearby residential development by Sudberry Properties with plans to add commercial elements and San Diego State University is redeveloping the former Jack Murphy Stadium site with a new stadium, a satellite college campus and residential and commercial projects.

The Alexan site had been a rambling low-rise office complex that was demolished by Trammell Crow.

“There’s a lot of these smaller, infill-type projects, such as older office buildings that are being torn down,” Gonor said.

The Look

Alexan will range from five to six stories. Construction is slated for completion in October 2021.

Designed by DesignARC based in Santa Barbara and Los Angeles, the look of the project was described by Trammell Crow as “a contemporary and deconstructed take on Art Deco and the industrial arts with bold streamlines and reflective dynamic angles.”

Community amenities include a pool and spa, fire pits, outdoor televisions, barbecues, a courtyard lounge, a fitness center with Technogym equipment, a Wellbeats Studio that provides on demand fitness classes, coworking space, private conference rooms, a dog washing and grooming station, a bicycle repair shop and storage area, a mail center with parcel lockers, and a resident event room with a nine-screen video wall, gourmet kitchen and a gaming area.

Commercial tenants will be able to share many of the amenities with residential tenants, Gonor said.

Apartments in Alexan will run from 556 square feet to 1,788 square feet with ceilings of nine feet or more in height. The apartments will come with stainless steel appliances, flat panel kitchen and bathroom cabinets, quartz countertops and full-size stackable washers and dryers.

The project is at the intersection of State Route 163 and Interstate 8 and Schiffer said it was designed to have as many apartments as possible facing the mall and away from freeways.

At the same time, floor-to-ceiling glass in the ground-floor retail section of the project gives high visibility to tenants, Schiffer said.

“Having that 20-foot floor-to ceiling with glass on both sides with the ability to market toward the freeway is really interesting for the user,” Schiffer said.

Gonor said the commercial space has retractable glass doors that open out into a 4,000 square-foot courtyard.

“You can open it up and you’ve got your own courtyard right there, a great space if you want to have an event or open it up to get some fresh air,” Gonor said.

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