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San Diego Padres Venture with Tishman Speyer and Ascendant Capital Partners the Winning Bidder to Transform Tailgate Park

9/28/20

The San Diego Padres development team, which includes partners Tishman Speyer and Ascendant Capital Partners, has won the competitive bidding process to transform Tailgate Park in downtown San Diego into a vibrant, mixed-use destination called East Village Quarter. Plans for the underutilized four-block area near Petco Park in the East Village include office, housing, recreation and retail space.

The project is expected to revitalize the East Village and further enhance game days at Petco Park, the Padres’ baseball stadium. The district consists of the four blocks between K Street and Imperial Avenue and 12th Avenue and 14th Street in Downtown San Diego.

The Padres Development Team is comprised of local and international leaders that specialize in sports, transit-centered and mixed-use development, urban design and finance. The team’s initial vision for the site is a vibrant and exciting destination that includes housing, public space, retail and office space that is designed to attract innovation economy companies to Downtown San Diego.

Additionally, the team’s vision includes the creation of a 1,600-space parking structure – 600 more parking spaces than currently exist on the site today – that protects the long-term parking needs of San Diegans attending Padres games and other events at the City-owned Petco Park.

The selection decision comes after a committee of City of San Diego staff and external experts at Civic San Diego and Jones Lang Lasalle reviewed and scored the two top bids to the Request for Proposals (RFP) for the project. The RFP process followed a public Request for Qualifications (RFQ) process in spring 2020.

Tishman Speyer President and CEO Rob Speyer said, “San Diego is one of America’s favorite places to live, work and discover, and that is exactly what this project is about. East Village Quarter represents an extraordinary opportunity for Tishman Speyer to partner with the Padres and Ascendant Capital Partners to create a dynamic, inclusive, mixed-use environment that will provide vital housing and substantial open space in an urban setting. It will also host the city’s best office facilities, where innovative companies and their employees can thrive.”




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