Downtown San Diego is seeing significant developments.
Nat Bosa, recognizing that downtown has some very special attributes (weather, proximity to the sea, proximity to the airport, proximity to great schools and research institutions, entirely walkable, …), is very active in downtown San Diego.
Bosa Development’s KPF-designed Pacific Gate is well underway.
Savina is a next project by Bosa. Savina will be close both to the water and to Little Italy. Price points have not yet been released. More information about Savina will become available next week, on May 4.
The downtown San Diego economy, further, is shifting. A growing number of tech firms are choosing to situate themselves downtown.
- as of 2016, there were 110 startups in the 92101 zip code
- in 2015 there were 68 startups in the 92101 zip code
- many of the startups are located in the Civic/Core and East Village neighborhoods
- San Diego VC funding is shifting towards software and related industries
- the San Diego Economic Development Corporation reports that in 2015 nearly half of San Diego’s total VC investment was in software and related industries
- this represents a 38% increase from the previous year (2014)
- in 2014, downtown was the number one spot in the San Diego region for “Innovation Startup Creation”
- it is documented that many in the tech cohort wish to live in downtown, walk-able neighborhoods
- this cohort does not desire to live in suburban, shopping-mall-and-car-oriented communities
- UCSD is taking permanent space downtown
With members of the tech cohort amongst the highest earners in San Diego, this may well have a significant impact on both the economy and the demand for downtown real estate.
See:
“The Man Behind the Bosa Brand” | Bosa Development
Kohn Pedersen Fox, Pacific Gate
Tech Organizations in Downtown San Diego by Category | Carto
San Diego Regional Economic Development Corporation, Technology
“Downtown San Diego, The Innovation Economy’s Next Frontier” | Downtown San Diego Partnership & the UC San Diego Extension Center for Research on the Regional Economy, April 2016
“UC San Diego Sees Downtown as Innovation’s Next Frontier” | UC San Diego Extension Blog, February 2017
San Diego’s Technology Cluster | San Diego Regional Economic Development Corporation
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