The partners who were selected to redevelop the 70-acre Naval Base Point Loma Old Town Campus in San Diego’s Midway District have unveiled a master plan that encompasses more than 18M SF of private development as well as about 2M SF of replacement facilities for the U.S. Navy.
The property, owned by the Navy since the mid-1990s and known as NAVWAR, consists of two large parcels straddling Pacific Highway.
The larger parcel, which is in proximity to Interstate 5, features two World War II-era hangers that currently are home to the Naval Information Warfare Systems Command and Naval Information Wartime Center Pacific divisions, a mix of 5,000 full-time and contract cybersecurity experts.
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In November 2022, the federal government issued a solicitation for the long-term lease and development of the property. The Navy offered the land for “in-kind” consideration, proposing to exchange it for new NAVWAR facilities that would be built first and at no cost to the agency.
In January, the Navy selected San Diego-based Manchester Financial Group and Edgemoor Infrastructure, based in McLean, VA, to be the lead developers for the massive mixed-use project, taking a 50-50 ownership stake in the development entity.
Last month, the partners submitted a preliminary project summary to the city of San Diego envisioning 18.4M SF of private development at the Old Town Campus, including 8,900 residential units, 2.8M SF of commercials space, two hotels, and 281K SF of retail shops and restaurants, the San Diego Union-Tribune reported.
New NAVWAR facilities are planned for two buildings encompassing 1.2M SF and an underground parking garage with 2,140 spaces which will be located on the 24-acre southwest parcel. The site, known as OTC 2, also will include residential and commercial buildings.
The 47-acre parcel known as OTC 1 is exclusively earmarked for private development. The parcel also will include a small transit center and several parks with a variety of amenities. A new road will be built through OTC 1, linking the development to the Old Town Transit Station.
The developers also are planning a pedestrian street experience known as the Pacific Greenway, which will follow the Pacific Highway. The height of the new towers in the Midway District project will be limited by FAA regulations.
While the Navy’s plans for Point Loma move forward, a few miles to the south, the Board of Port Commissioners for the San Diego Unified Port District headed off plans to build a controversial RV resort on seven acres currently occupied by a board storage yard in Coronado Cays.
The board unanimously approved a lease termination agreement with port tenant Cays Resort that will see the agency take back the property for $3M. The buyout means the port will control the fate of the land at 30 North Grand Caribe when the parties close escrow in March.
The board plans to operate the existing boat storage facility until it is ready to convert the 7.3-acre site into a public park on Grand Caribe Isle.
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