Mayor Jerry Sanders and the San Diego Redevelopment Agency Celebrate Groundbreaking in City Heights

Price Charities breaks ground on $44 million mixed-use master planned development in City Heights
 
Jan. 6, 2010 - PRLog -- SAN DIEGO, Calif.  – Mayor Sanders and City Councilmember Todd Gloria will join Deputy Executive Director of the San Diego Redevelopment Agency Janice Weinrick, and Price Charities to celebrate the groundbreaking of a $44 million mixed-use project in the heart of City Heights. The City Heights Square Residential and Retail Project is the third redevelopment project to break ground within the City Heights Square master planned development.

City Heights is one of the most ethnically diverse communities in San Diego. The City Heights Square project occupies the majority of the block on University Avenue bound by 43rd Street and Fairmount and Polk Avenues. The project has four distinct and complementary components, including a Senior Housing Project (completed in August 2007), the La Maestra Family Clinic (to be completed summer 2010), a 5.348-square-foot pocket park funded by the Redevelopment Agency (being designed), and the City Heights Square Residential and Retail Project. Combined, these individual elements represent an investment of more than $75 million dedicated to revitalize the City Heights urban core. These redevelopment projects also complement the award-winning City Heights Urban Village located across University Avenue bound by 43rd Street, Chamoune Avenue and Landis Street.  

Construction of this project will be managed by City Heights Realty, LLC, a subsidiary of Price Charities. Plans for the development include 92 residential apartment units (14 affordable housing units), 20,500 square feet of retail space, 3,000 square feet of office space, two levels of underground parking and 54 covered surface level spaces. The San Diego Redevelopment Agency has an approved Disposition and Development Agreement (DDA) with City Heights Realty, LLC, for the development of the project. The Agency assisted in acquiring a portion of the development site, relocating the tenant (Jack in the Box) and demolishing the tenant’s old restaurant building.

About the City of San Diego Redevelopment Agency
The City of San Diego Redevelopment Agency, created by the City Council in 1958, uses special legal and financial mechanisms to eliminate blight and improve economic and physical conditions in designated areas of the City. The Agency’s purview encompasses 17 project areas, study areas and affordable housing. Activities within the project areas are carried out by the city’s Redevelopment Division and two public, nonprofit city corporations: Centre City Development Corporation (CCDC) and Southeastern Economic Development Corporation (SEDC).  The Agency also administers seven Project Area Committees (PAC) that advise the agency on the adoption of redevelopment plans and implementing redevelopment projects. For more information, visit: http://www.sandiego.gov/redevelopment-agency/
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