SAN DIEGO, CA-After two decades of disuse, the historic Balboa Theatre located in the Horton Plaza area of Downtown San Diego is now on its way to becoming a live performance venue once again. Plans for the theater’s rehabilitation are shaping up, as the Centre City Development Corp.’s board of directors has approved the project planning guide and associated recommended program and budget for the restoration of the circa 1924 asset. In addition, the CCDC board has also recommended that the redevelopment agency approve an exclusive negotiation agreement with the San Diego Convention Center Corp. to manage the renovated theater. The estimated budget for the restoration is $15.7 million, according to CCDC senior project manager Eli Sanchez, who tells that $12.5 million will be allocated for construction costs and $3.2 million for non-construction costs. All of the funds are coming from the city’s redevelopment agency, as administered through CCDC, according to Sanchez. Vacant since the mid-1980s, Balboa Theatre was acquired by CCDC around this same time. “During the time that CCDC was acquiring properties for the Horton Plaza project, we acquired several theaters that were built in the 1920s,” Sanchez tells He says that all the theaters were slated for demolition, with the exception of Balboa Theatre, which was “saved for future rehabilitation.”The renovation will transform the five-story building, which was once used for vaudeville, into a live performance venue. “It will be an operating, multi-purpose, live performance facility,” Sanchez says.Some demolition work on the project will begin in April of 2005, with renovation and restoration to follow in November of the same year. The theater is expected to be open by spring 2007. CCDC has retained Kitchell CEM to act as owner’s representative during the preconstruction and construction stages. Westlake Reed Leskosky has been chosen to provide architectural and engineering design services. The renovation of Balboa Theatre will “virtually complete the Horton Plaza development and it will add to the cultural assets of the city,” Sanchez says. “It’s been an effort by both the redevelopment agency and the stakeholders of the performing arts organization to come up with a program and move forward with the design concept and the necessary funds,” he says, adding that “it’s been a long process, but we’re looking forward to awarding contracts by the end of this month.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.