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December 9, 2023
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Hines and USAA Real Estate Break Ground on 200-Acre TOD Project in Mission Valley


Hines and USAA Real Estate have begun construction on phase one of Riverwalk San Diego, a 200-acre transit-oriented development in western Mission Valley. Riverwalk San Diego will transform the existing Riverwalk golf course into a live-work-play neighborhood.

Phase one of Riverwalk San Diego construction will include 930 for-rent homes in a series of five buildings along Friars Rd, as well as 75k sf of neighborhood-serving retail space surrounding a central green that will serve as a gathering space for the new residents and surrounding neighbors.

The Riverwalk residences will be for rent and will range from studios to townhomes. The retail space will be anchored by a grocery store and complemented by restaurants, bars, fitness studios and other stores and services.

Also included in phase one is sidewalk and bike lane improvements along Friars Rd to make for a more pleasant walking and biking experience. This work, expected to end by late 2023, will also include widening Friars Rd, adding new traffic signals and installing a landscaped median.

Ultimately, Riverwalk will be anchored by a new San Diego Metropolitan Transit System (MTS) Green-Line trolley stop and town square at the heart of the village. Biking and walking paths will skirt and traverse Riverwalk, including an extension of the San Diego River Trail.

Nearly 100 acres of the village 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.

At the completion of all phases, Riverwalk will also include:

• A total of 4,300 homes (10% of which will be income-qualified affordable housing), ranging from studios to three-bedroom houses
• 152k sf of neighborhood-serving retail
• 1 msf of office space
• Transportation improvements, including:
• Intelligent traffic signals and new entryways on Friars Road (included in phase one)
• Flood capacity improvements to Fashion Valley Road
• 100 acres of parks and open space, including a 60-acre regional park celebrating the San Diego River

The Riverwalk plan, established through a partnership between Hines and the Levi-Cushman family landowners, incorporates extensive community input gathered over several years by the Hines team in over 100 stakeholder and community planning group meetings and charettes.

Due to its transit-, bicycle- and pedestrian-centric design, Circulate San Diego awarded Riverwalk San Diego a Mobility Certification. The Mobility Certification program evaluates and endorses transit-oriented, smart growth projects in the San Diego region that meet the program’s aspirational standards.

Riverwalk has also received support from San Diego River Park Foundation, YIMBY Democrats, The San Diego Audubon Society, San Diego and Imperial Counties Labor Council, San Diego Building and Construction Trades Council, Southwest Regional Council of Carpenters, IBEW 569, United Association of Plumbers & Steamfitters Local Union 230, San Diego Metropolitan Transit System, Climate Action Campaign and the San Diego Regional Chamber of Commerce.

The 18-hole Riverwalk Golf Course will remain open through phase one of construction and for a while thereafter. The completion and grand opening of Riverwalk San Diego’s phase one is slated for early 2025. The development is led by Eric Hepfer, managing director, and Pete Shearer, director at Hines.

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