A view of the Central Embarcadero as it stands now. | Courtesy Port of San Diego

Port of SD Seeks CRE Firms for Seaport Village

Carrie Rossenfeld Retail

The Port of San Diego has issued a Request for Proposals (RFP) from commercial real estate brokerage firms to list and market retail space at Seaport Village, beginning October 1, 2018. The RFP is part of efforts to ensure the shopping and dining complex remains a vibrant and prosperous waterfront destination for residents and visitors until the planned redevelopment of the Central Embarcadero.

Seaport Village is an approximately 14-acre site on the San Diego bayfront south of Tuna Harbor, bordering Downtown San Diego. It consists of approximately 90,000 square feet of specialty retailers, restaurants, outdoor entertainment, and parking. The selected real estate brokerage firm will be expected to support the Port by listing and marketing vacant space at Seaport Village as described in the RFP. Services are requested for a three-year term, with two potential options to extend by one year each. Interested parties can download the RFP on PlanetBids.

The RFP timeline is as follows:

Questions Due: June 4, 2018 at 1 p.m.
Proposals Due: June 18, 2018 at 1 p.m.
Interviews: June 21, 2018
Presentation to Board of Port Commissioners: July 17, 2018
Tentative Project Start Date: July 18, 2018

Terramar Retail Centers is currently the manager and operator of Seaport Village through September 30, 2018. Beginning on October 1, 2018, Seaport Village will be managed on behalf of the Port by an interim manager, Protea Property Management, Inc.

In late 2016, the Board of Port Commissioners selected the 1HWY1 team and its “Seaport San Diego” concept for the redevelopment of the Central Embarcadero, which includes Seaport Village and surrounding areas. Due to the size of the redevelopment and uniqueness of some of the proposed programmatic components; design, planning, and permitting will likely take several years.

A rendering of the Embarcadero after construction is completed. | Courtesy Port of San Diego