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Port of San Diego to Continue to Operate Seaport Village until Future Redevelopment Begins

Jun 28, 2017 08:19PM ● By Paul Spear

Port of San Diego to Continue to Operate Seaport Village until Future Redevelopment Begins

Contact: Brianne Mundy Page  O: (619) 686-6243 C: (619) 348-1518  

The Port of San Diego is taking proactive steps with TRC (formerly Terramar Retail Centers), the current manager and operator of Seaport Village, to ensure the public can enjoy the waterfront shopping and dining complex from the time TRC’s lease expires on September 30, 2018 until the redevelopment of the Central Embarcadero (which includes Seaport Village, Chesapeake Fish, and surrounding areas between the Grand Hyatt Hotel and the USS Midway).

As part of Port Waterfront Development, the Port will issue a Request for Proposals (RFP) for a third party to manage and operate Seaport Village on behalf of the Port. Through the manager/operator, retailers, restaurants, and other businesses will continue to operate after TRC’s lease expires. At this time, the interim operating period is estimated at up to five years, but may vary. Details of the RFP are yet to be determined. Interested parties are invited to register as a vendor through PlanetBids. Registered vendors will be notified when the RFP is issued.

The RFP will present a great economic opportunity because of Seaport Village’s ideal, waterfront location between downtown San Diego and San Diego Bay. Seaport Village is just west of the Grand Hyatt Hotel and is steps away from large visitor-serving designations such as the USS Midway Museum and the San Diego Convention Center. The site currently includes approximately 50 specialty retailers, 17 eating and dining options, outdoor entertainment, and parking.

Additionally, the Port is preparing to enter into an Exclusive Negotiating Agreement (ENA) with Protea Waterfront Development, the managing member of 1HWY1, the team selected to redevelop the Central Embarcadero. The Headquarters and The Fish Market Restaurant are within the boundary but excluded from the plan due to long-term leases on those properties. Design, negotiations, and permitting for the 1HWY1 project will likely take several years, therefore the Port is taking proactive steps to provide for the continued operation of Seaport Village in the interim.

The Board of Port Commissioners selected 1HWY1 in November 2016 to shape the Central Embarcadero into a compelling destination for San Diegans and tourists alike. 1HWY1’s “Seaport San Diego” concept involves $1.2 billion in private investment by the 1HWY1 team. The proposal includes 30 acres of parks, open spaces, plazas, piers and walkways; a SkySpire – a 480-foot tall observation tower; water-oriented facilities such as commercial fishing services, recreational boat services, and mega-yacht services; retail and office space, and more.

About Port Waterfront Development:
Port of San Diego Waterfront Development contributes to the continuous prosperity of the local economy.

From Real Estate to Aquaculture and Blue Tech, the Port invests in major redevelopment and community infrastructure, so businesses in our region have the opportunity to stay competitive in the global marketplace.
About the Port of San Diego:
The Port of San Diego serves the people of California as a specially created district, balancing multiple uses on 34 miles along San Diego Bay spanning five cities.  Collecting no tax dollars, the Port manages a diverse portfolio to generate revenues that support vital public services and amenities.

The Port champions Maritime, Waterfront Development, Public Safety, Experiences and Environment, all focused on enriching the relationship people and businesses have with our dynamic waterfront.  From cargo and cruise terminals to hotels and restaurants, from marinas to museums, from 22 public parks to countless events, the Port contributes to the region’s prosperity and remarkable way of life on a daily basis.

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