From the San Diego Union Tribune: City Council approves shopping center overhaul that includes biotech lab space by Alexandria and a 200-room hotel. The dated Costa Verde strip mall opposite Westfield UTC will be refashioned into a modern retail center with a life science campus and business hotel meant to be a perfect fit for future riders of the Mid-Coast Trolley line.
Tuesday, City Council members voted unanimously to approve a general plan amendment and a community plan amendment, and certify the project’s environmental analysis. The actions effectively clear the Costa Verde Revitalization project for development, with completion now anticipated for late 2023.
In the works since 2015, the Costa Verde redo is a marriage of transit convenience for center owner Regency Centers and esteemed biotech office builder Alexandria Real Estate. The land owner and the office developer have teamed to jointly finance the overhaul of the 13.9-acre site sandwiched between La Jolla Village Drive and Nobel Drive at 8560 Genesee Ave.
That’s an excerpt from the SDUT article posted on November 11, 2020; to read the complete report, visit https://www.sandiegouniontribune.com/business/growth-development/story/2020-11-11/costa-verde-strip-mall-near-utc-cleared-for-total-redo
For related information from UCCA, visit https://www.universitycitynews.org/?s=costa+verde
