Park & Market: A great addition to the I.D.E.A. District
Construction officially began last week on a $275 million East Village housing and UC San Diego complex, dubbed a “flagship” for future growth.
Developed by Holland Partner Group , the Park & Market project will include 426 apartments, a 53,000-square-foot office and classroom building for UCSD, renovated historic house likely converted to restaurant use and an outdoor amphitheater. Completion is set for 2021.
“This project is going to be a flagship project,” said Mayor Kevin Faulconer, by drawing college talent to the heart of the city. “This is a win-win for our great city.”
He welcomed the additional housing at all income levels and the arrival of UCSD programs and activities at a permanent downtown location.
“What a better place for UCSD to spread its wings than right here in the heart of downtown, which is one of the most creative places in the United States for entrepreneurs and innovators.”
UCSD Chancellor Pradeep Khosla said the four-story office-classroom building will not only serve campus students and faculty but also be used to reach out to neighborhoods and help prepare students for college. As an example, the university is tutoring incoming students at area libraries this summer prior to enrollment.
“We want to be the best possible server of underserved communities in this great city,” Khosla said.
He also noted that the San Diego Trolley, which passes by the Park and Market site, will extend to the campus by the time the project is completed, bringing Torrey Pines Mesa within 20 minutes of the city’s central business district.
Mary Walshok, the associate vice chancellor who led the drive to open an outpost downtown, said the second floor of the building will be set aside as a “talent accelerator” where startup entrepreneurs can get advanced training and advice on how to grow their companies.
“When they grow their companies, they create jobs,” she said.
In addition, she said, the as-yet unnamed downtown university hub will include art galleries, performances and a place where tourists can stop by for “groovy food and wine and music festivals.”
You can live at IDEA1 & eat tacos too. Fresh tacos by Lola 55 will be on the ground floor!
If you are looking to live in the most innovative live + work + create community in San Diego, welcome to IDEA1. Sign up for our Residential Interest List and get first dibs as 1&2 bedroom apartments, live/work lofts, and penthouses become available. IDEA1 opens December 1st, 2017 so don’t miss out!