Horton Plaza to be Transformed into Downtown San Diego’s Leading Retail and Creative Office Complex
Mixed-use office, retail and restaurant project to create 3,000+ jobs and over $1.8 billion in economic impact annually
SAN DIEGO, CA (August 23, 2018) ––Stockdale Capital Partners (“Stockdale”) has announced the acquisition of Horton Plaza and its plan to transform the existing property into The Campus at Horton, a vibrant, highly-amenitized mixed-use retail and creative office complex with a multitude of food & beverage, lifestyle retail and entertainment venues.
“We’re excited to create an iconic destination that will leverage the best of Downtown San Diego to create something high impact and truly unique,” said Steven Yari, Managing Director of Stockdale Capital. “The Campus at Horton will be a thriving innovation hub, comprised of creative office space, captivating entertainment options, urban lifestyle retail choices and contemporary food and beverage experience, catering to leading technology and biotechnology employers, locally and nationally.”
The Campus at Horton will create downtown San Diego’s leading retail and creative office campus with a bright and open boardwalk ornamented with boutique retail, green space and public seating areas. This boardwalk will run through the site and spill out onto a reactivated Horton Plaza Park which will offer multiple food and beverage options utilizing the best of San Diego’s local talent.
“With record low office vacancies and a rapidly growing pool of talent in Downtown San Diego, demand for creative office space, which leverages large open floor plates and high ceiling heights in a unique urban campus setting, is in extremely high demand. We believe there is an incredible opportunity to recreate this space to drive local and national tenants to Downtown,” said Daniel Michaels, Managing Director of Stockdale Capital.
The Campus at Horton is expected to generate over $1.8 billion in annual regional economic activity annually and create 3,000 – 4,000 high-paying jobs for Downtown San Diego. The first phase of construction is expected to begin in early 2019 and be completed in fall 2020, with an opportunity for additional phases totaling 1.5 million of additional square feet to bring further density to the site.
“Stockdale Capital is committed to working with the City of San Diego, downtown community leaders and neighbors to deliver an exceptional project that will reinvigorate this historic asset and be an economic engine for Downtown San Diego,” said Daniel Michaels.
Stockdale Capital will partner with the San Diego Regional Chamber of Commerce, Downtown San Diego Partnership and the San Diego Regional Economic Development Corporation to host a series of community engagement workshops to share the vision of the project and garner community feedback.