The Port of San Diego has selected RI Properties Inc. (a.k.a. Retail Insite) to list and market vacant retail space at the Seaport Village shopping and dining complex in Downtown San Diego. Retail Insite was selected among five complete proposals submitted in response to a Request for Proposals (RFP) issued by the Port on May 21.
The selection of a broker for this assignment is part of efforts to ensure that Seaport Village remains a vibrant and prosperous waterfront destination for residents and visitors until the planned redevelopment of the Central Embarcadero, according to the Port. Retail Insite will support the Port by providing leasing services as described in the RFP for a three-year term, with two potential options to extend by one year each.
The current lease for Seaport Village expires September 30. Beginning on October 1, Seaport Village will be managed on behalf of the Port by Protea Property Management Inc. Retail Insite’s services are on an as-needed basis to fill vacancies to keep Seaport Village operating and thriving as it is for the next several years.
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.
In late 2016, the Board of Port Commissioners selected 1HWY1 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.