Project: Liberty Station
Client: McMillin Commercial and NTC Foundation
Location: San Diego, CA
WHY IT MATTERS
Ability of multi-use properties to attract new businesses to the region and expand its offerings to attract new customers and tourists.
CGS3 represents McMillin and the NTC Foundation in leading and development projects surrounding the continued expansion of the award-winning Liberty Station master plan community, which started more than 10 years ago and involves with major construction, leasing and management issues involving different aspects of this multi-use development located on the former U.S. Naval Training Center.
This project represents the full-spectrum of capabilities that CGS3 brings to multiuse developers, including complex leasing, construction, financing, partnership and joint venture issues, as well as dealings with local government agencies such as the Federal Aviation Association, the California Coastal Commission, the San Diego Historical Commission and others.
Among the matters CGS3 has handled:
- Liberty Public Market: The lease and related agreements of the historic commissary building and 23,000 square-foot of outdoor space for the Liberty Public Market, San Diego’s first urban public market modeled after Napa’s Oxbow Public Market and San Francisco’s Ferry’s Landing. The $3M project will include more than 30 small businesses housed and it will include an outdoor patio and food pavilion. This deal was complex in that it involved a single tenant, a complicated ABC license and 30 subleases.
- IDW Publishing: Construction, loan and leasing agreements with IDW Publishing, the second largest comic book store. Its new 19,000-square-foot headquarters is located in two historical buildings. The unique space is designed to educate and engage local community by including the San Diego Comic Art Gallery, as well as retail space, as part of the NTC Foundation Arts & Cultural District that showcases San Diego’s creative community and provides innovative experiences to the public.
East Hotels: Architect, pre-construction and construction agreements for building three new hotels on the east side of the development. This project involves complex local, state and federal governmental issues involving the coastal commission, the Federal Aviation Authority and the Historical Commission. The hotels range in size from 183 to 245 rooms and will include an Embassy Suites, a TownPlace Suites and a Hampton Inn. The waterfront location, visibility, and ease of access to the airport make these sites ideal for hotel use. The hotels add to the needed hotel room stock, which contributes to the success of the San Diego Convention Center.
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