Port OKs next steps for Seaport Village redo

by | May 16, 2017 | Uncategorized

The redevelopment of 37-year-old Seaport Village took a step forward Tuesday, when the San Diego Unified Port District board authorized an exclusive negotiating agreement with a local development team.

Port spokeswoman Tanya Castenada said the developers will have 12 months to complete a detailed description and 24 months to complete other items required prior to signing a final agreement. The port’s goal also is to include the project in a new bay-wide master plan that will require California Coastal Commission approval.

The redevelopment team, led by Yehudi “Gaf” Gaffen, has to complete a series of studies, including how it will handle the recent discovery of an earthquake fault at the 70-acre site along at the Central Embarcadero between the Midway Aircraft Carrier Museum and the hotel complex around the San Diego Convention Center.

Gaffen said last week that if the fault proves to be less than 11,000 years old, it will be classified as active and prompt the rearrangement of various features proposed in what his team calls Seaport San Diego.

The plan by AVRP Studios calls for hotels, maritime offices, shops and restaurants, an aquarium, maritime academy, observation tower, enlarged commercial fishing harbor and improved parkland and open space.

Seaport Village, the specialty shopping center on the site of the one-time San Diego-Coronado ferry landing, would be demolished but Gaffen has said a number of tenants want to stay and one of his team’s requirements in the next few months will be to fashion a relocation and retention plan during construction.

TRC, formerly known as Terramar Retail Centers, will lose the lease on the property in September next year but will continue to lease the former San Diego Police Department building, now The Headquarters shopping and dining complex, immediately north. TRC was one of five losing bidders on the property.

Besides finalizing the earthquake study, Gaffen’s team, doing business as Protea Waterfront Development, is committing to formalize the development entity, 1Hwy1, made up of his group and the developers of the aquarium, observation tower and marina elements. Gaffen’s partners in Protea are Jeffrey Essakow and Jeff Jacobs, who own the Rancho Valencia Resort in Rancho Santa Fe.


Press Disclaimer