An iconic Downtown San Diego landmark is about to be upgraded in a very modern way. Stockdale Capital Partners has acquired Horton Plaza and plans to transform it in into The Campus at Horton, a “vibrant, highly amenitized mixed-use retail and creative-office complex with a multitude of food and beverage, lifestyle retail, and entertainment venues,” according to a release from a representative of Stockdale Capital.
The statement says The Campus at Horton will offer an open boardwalk containing boutique retail, green space, and public seating areas. The boardwalk will run through the site and lead to Horton Plaza Park, which will offer a variety of eateries featuring local chefs.
The source also says the project principals anticipate that The Campus at Horton will generate over $1.8 billion in annual regional economic activity annually and create between 3,000 and 4,000 high-paying jobs for the Downtown submarket. The initial phase of construction is slated to begin in early 2019, with a completion date of fall 2020, and there will be opportunities for more phases to deliver an additional 1.5 million of square feet to the project, the statement says.
Also, the source says Stockdale Capital will partner with the San Diego Regional Chamber of Commerce, Downtown San Diego Partnership, and the San Diego Regional Economic Development Corporation to host a series of community-engagement workshops designed to “share the vision of the project and garner community feedback.”
Betsy Brennan, president and CEO of Downtown San Diego Partnership, says in the statement, “I strongly believe that The Campus at Horton and similar projects coming online can redefine the future of Downtown San Diego.”
Ashley Gosal, in-house counsel for Bosa Development, a major developer presence in the Downtown San Diego market (including, according to the rep, one of its current redevelopment projects, Paladion at 777 Front Street), says in the statement, “Our hope is that this project will serve as a catalyst for bringing high-tech tenants and thousands of jobs to Downtown and spur other developments that will do the same.”
In addition, Steven Yari, managing director of Stockdale Capital, adds that the project will cater to “leading technology and biotechnology employers, locally and nationally.” And Daniel Michaels, managing director of Stockdale Capital, says in the statement, “Stockdale Capital is committed to working with the City of San Diego, Downtown community leaders, and neighbors to deliver an exceptional project that will reinvigorate this historic asset and be an economic engine for Downtown San Diego.”