DATE: June 15, 2021
SUBJECT:
Title
INFORMATIONAL PRESENTATION ON THE RESEARCH AND DEVELOPMENT DISTRICT (RADD) PROJECT ON THE NAVY BROADWAY COMPLEX SITE, ADJACENT TO DISTRICT TIDELANDS, IN THE CITY OF SAN DIEGO
Body
EXECUTIVE SUMMARY:
Representatives of IQHQ-RaDD I, LLC ("IQHQ") will present information to the Board of Port Commissioners ("Board") on the Research and Development District ("RaDD") Project, located adjacent to District Tidelands (Attachment A: Site Map) (a portion of the former Manchester Pacific Gateway ("MPG") project site). The RaDD Project is a mixed-use development including offices, research and development labs, restaurants, retail, and other uses as further explained in the presentation and described in the Discussion section below.
RECOMMENDATION:
Recommendation
Receive an informational presentation from IQHQ on the Research and Development District (RaDD) Project on the Navy Broadway Complex site, adjacent to District Tidelands, in the City of San Diego.
Body
FISCAL IMPACT:
This presentation has no fiscal impact.
COMPASS STRATEGIC GOALS:
This agenda item supports the following Strategic Goal.
* A Port with a comprehensive vision for Port land and water uses integrated to regional plans.
DISCUSSION:
IQHQ, a life science real estate investment trust, is developing a world-class urban life sciences district, the RaDD, at the 16-acre Navy Broadway Complex site generally bounded by North Harbor Drive, Pacific Highway, and Broadway. The RaDD will consist of up to approximately 1.35 million square feet of life sciences and commercial office space, research and development space, and labs, as well as ground-floor retail, restaurant, and other public-oriented commercial uses and attractions, primarily oriented toward San Diego Bay. In addition, subject to City of San Diego approval, the RaDD will also consist of a public open space located at the corner of North Harbor Drive and Broadway. Parking for the RaDD will be entire...
Click here for full text