X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN DIEGO, CA-A new mixed-use complex that will bring a range of housing options to Downtown’s East Village neighborhood has moved one step closer to reality, as Oak Shelter Systems has secured a Centre City Development Permit for its proposed Island-Market Centre project.The development is slated to rise on an entire city block bounded by Market, 13th and 14th streets and Island Avenue. Design plans call for a four-story building and a 12-story tower that will house 164 condominiums; 48 apartment units; and 8,000 sf of retail space. In addition, the Inner City Baptist Church that currently stands at 13th Street and Island Avenue will be rebuilt and incorporated into the project. The project architects are Santos Prescott and Associates, and Joseph Wong Design Associates.Construction on the project is scheduled to kick off in March 2005, according to the Centre City Development Corp. Completion is targeted for December 2006. The proposed development still requires a Disposition and Development Agreement, as Oak Shelter Systems needs the San Diego Redevelopment Agency’s assistance in acquiring the site. In addition, the project will also require NOFA funding from the City of San Diego for aid with the 43 units that will be set aside for low- and moderate-income residents.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.