The real estate developers who wish to permanently change the purpose of San Diego’s once-celebrated Horton Plaza mall are just days away from getting what they need to move forward — so long as city leaders sign off on their plan. Monday, City Council members will be asked to decide whether the center’s new owner, Stockdale Capital Partners, can remake the 900,000 square-foot mall into a mixed-use office campus meant for elite tech firms. Their buy in is needed because of an existing land-use restriction that dates to 1981. The contract stipulates that the site must maintain a minimum of 600,000 square feet of retail shops through August 2036. https://www.sandiegouniontribune.com/business/growth-development/story/2019-05-15/will-city-ok-horton-plazas-275m-makeover-as-a-tech-campus
The real estate developers who wish to permanently change the purpose of San Diego’s once-celebrated Horton Plaza mall are just days away from getting what they need to move forward — so long as city leaders sign off on their plan.
Monday, City Council members will be asked to decide whether the center’s new owner, Stockdale Capital Partners, can remake the 900,000 square-foot mall into a mixed-use office campus meant for elite tech firms. Their buy in is needed because of an existing land-use restriction that dates to 1981. The contract stipulates that the site must maintain a minimum of 600,000 square feet of retail shops through August 2036.
https://www.sandiegouniontribune.com/business/growth-development/story/2019-05-15/will-city-ok-horton-plazas-275m-makeover-as-a-tech-campus