RI Properties selected as commercial broker for Seaport Village redevelopment
Port of San Diego expects vendor to work with 1HWY1 in realizing “Seaport San Diego” redevelopment.
SAN DIEGO — The mix of businesses occupying San Diego’s updated embarcadero area will soon be crystallized as the port district selected Retail Insite, or RI Properties, as the chosen commercial real estate broker for Seaport Village.
RI Properties beat out four other companies who responded to the Port of San Diego’s Request for Proposals (RFP) to serve as the leasing intermediary for businesses who seek to bring their respective services to prime waterfront real estate.
The Port of San Diego’s Board of Port Commissioners selected RI Properties as the commercial real estate broker at their July 17 meeting.
Leasing services will be provided for at least three years, with two one-year options to follow.
The current lease on Seaport Village is set to expire on Sept. 30, meaning RI Properties will start filling vacancies on Oct. 1.
Protea Property Management will manage Seaport Village on behalf of the port district.
Seaport Village occupies 14 acres on the San Diego waterfront and is adjacent to the Tuna Harbor on side and a marina on the other. The port district, in 2016, selected 1HWY1 to redevelop San Diego’s Seaport Village and Central Embarcadero area.
The 1HWY1 proposal would bring several entities together to build a boater-, tourist- and visitor-serving project at Seaport Village. Plans call for marina dockage for 24 mega-yachts, 51 commercial vessels and 82 recreational boats at Tuna Harbor, office spaces and a charter school offering marine education.