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11/30/18
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Here’s the latest info on Navarra Properties’ SuperBlock@I.D.E.A. District, a multi-phase, mixed-use development in San Diego. The project is situated on an approximately 2.75-acre site bounded by E, F, 14th and 15th St in Downtown San Diego’s East Village.
Phase One features the Warehouse, a 100k sf conversion of two former Jerome’s warehouses into creative office space. Phase Two is planned as a 450k sf, 17-story contemporary office building. Already completed on the block is the conversion of the former Coliseum Building into Punch Bowl Social, a vibrant 24k sf, multi-entertainment complex, which features a restaurant, social games, and the infamous 360 bar.
The SuperBlock project will be managed by a joint venture between Lowe and David Malmuth Development, and leasing will be handled by the San Diego and San Francisco offices of Cushman & Wakefield. The San Diego office of BNIM is the project’s architect.
The Warehouse, located on the north side of F St, will deliver repurposed industrial space with abundant light and two open approximately 50k sf floorplates with multiple indoor/outdoor amenities. The interiors can be tailored to the user’s specific requirements and completed within 12 months from lease execution. SuperBlock is designed to attract larger tech businesses that desire an authentic space with maximum flexibility, but also require future expansion space, which can be accommodated in the adjacent tower.
Mark Navarra, President of Navarra Properties, said “We are confident the combination of San Diego’s deep talent pool coupled with an unbeatable quality of life will draw major tech companies to SuperBlock@I.D.E.A. District. The SuperBlock campus will offer the kind of environment that will enable these companies to thrive. More than delivering great space, the project benefits from the energy in the I.D.E.A. District with tenants like Fuse Integration, Seer Interactive and Basic. Further, the dynamism is growing with the completion of Punch Bowl Social, 10 Barrel, Block D, IDEA1 and Broadstone Makers Quarter, creating an incredible ecosystem.”
The next phase of the development, the Tower, will provide a new 17-story building with a total of 450k sf, offering floorplates ranging from 22k sf to 32k sf and minimum 12-foot ceiling heights. According to Matthew Porreca, Principal at BNIM Architects, “The concept for the Tower is to take the traditional suburban tech campus and make it urban, providing the same kind of outdoor amenities, but in a vertical fashion, so that you have a series of beautiful sky gardens connected to the buildings with expansive views of the bay. The Phase Two Tower allows the user to design an environment that enables their employees to connect and collaborate.” Delivery of the building will require three years from lease execution.
Mike McNerney, Executive Vice President at Lowe, commented “Over the next two years we’ll see the completion of the first phase of the East Village Green – across the street from the Warehouse – and UC San Diego Urban, the Downtown campus of this world-class research institution, three blocks away. Coupled with the many high-quality housing options, and a host of restaurants and cultural attractions within an easy walk, SuperBlock is ideally positioned to be a top destination choice for companies that want to attract and retain the best talent.”
A recent study completed by Brookings confirmed that San Diego has the third highest millennial population by percentage, at 27%, of all large American cities. The 120 downtown start-ups provide evidence that this cohort is already growing new ideas in San Diego’s fertile entrepreneurial soil. In addition, UC San Diego graduates more than 1,000 computer science majors each year and is currently producing more engineering grads than Berkeley and Stanford combined. Reinforcing the connection to downtown, the La Jolla campus will connect to East Village and the rest of the region via trolley beginning in 2021.
“The trolley connection to La Jolla, the opening of UC San Diego Urban, and the vibrant innovation ecosystem in I.D.E.A. District all contribute to making SuperBlock the ideal location for a growing business. What we seek is a company with the vision to seize this opportunity to help shape the District, and in so doing, create a magnet for talent that wants to be a part of making a positive contribution to the community, “added David Malmuth of David Malmuth Development and one of the founders of I.D.E.A. District.
Derek Hulse and Philip Roberts with Cushman & Wakefield have been awarded the leasing for the SuperBlock.
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