San Diego City Council Approves 200-Acre Riverwalk Mixed-Use Project
SAN DIEGO — The San Diego City Council has unanimously approved the 200-acre Riverwalk San Diego mixed-use project. Developer Hines plans to transform the existing Riverwalk golf course in western Mission Valley into a transit-oriented development. Project costs are estimated at $3 billion, according to The San Diego Union-Tribune.
A new San Diego Metropolitan Transit System Green Line trolley stop and town square will anchor the project. Hines expects to break ground in the second half of 2021.
Of Riverwalk’s 4,300 multifamily units, 10 percent will be designated as income-qualified affordable housing. Floor plans will range from studios to three-bedroom units. The project will feature 1 million square feet of office space and 152,000 square feet of retail space.
Nearly 100 acres will be dedicated to open space and a regional park. Hines will also restore the stretch of the San Diego River that runs through Riverwalk. Plans call for bike and walking paths as well as an extension of the San Diego River Trail.
“Riverwalk is an opportunity to provide something really special for San Diego,” says Eric Hepfer, managing director with Hines. “Our vision from the beginning was to create a village where people would have the option of living a car-free lifestyle.”
The project is a partnership between Hines and the Levi-Cushman family landowners. It has received support from several local organizations, including the Mission Valley Community Planning Group and the San Diego River Park Foundation.
Houston-based Hines is a privately owned global real estate investment firm with a presence in 225 cities across 25 countries. The company has approximately $144.1 billion of assets under management and 165 developments currently underway worldwide.
— Kristin Hiller