Three major projects that will be developed on Port of San Diego tidelands made progress as a result of actions at the Board of Port Commissioners meeting on March 4, 2014. The Lane Field North Hotel project, which consists of a 400-room, dual-branded hotel that will be developed on Lane Field, the former home of the Pacific Coast League Padres at the corner of West Broadway and North Harbor Drive, received approvals for financing and managing the project, as well as an amendment to the option and lease agreements.
Welcome to the Real Estate section. The Port has some 600 tenant businesses with an extensive array of businesses surrounding San Diego Bay. These businesses include hotels, marinas, restaurants, shipyards, manufacturing enterprises and more.
The Real Estate Department provides development and asset management services for the Port’s Tideland Trust properties. Real Estate’s responsibilities include partnering with the District’s member cities and stakeholders in the negotiation and planning of major real estate development projects, project management, property acquisitions, appraisal preparation, feasibility studies, lease negotiations, rent reviews, conducting ongoing market analysis, marketing available properties, plan reviews of proposed tenant development projects, and administering and enforcing tenancy document and other types of agreements.
Real Estate also produces lease plats and legal descriptions for all Port tidelands parcels and maintains detailed records of tenant project improvements and utility easements.
For further information on District properties and leasing policies, please visit leasing information.
To help ease the parking crunch along the North Embarcadero area, the Port of San Diego has opened up its B Street Pier for public parking. The lot will be managed by ABM Parking Services (NYSE:ABM) and has approximately 200 parking stalls. It will also include space for up to 12 large buses or motorhomes.
Because of homeland security rules, parking will only be available on days when there are no cruise ships berthed at the pier. The lot will close the day before a ship call to allow for security operations.
The Board of Port Commissioners consented to two lease extensions and granted concept approvals for renovation projects at Humphrey's Half Moon Inn and Suites and Best Western Plus Island Palms Hotel and Marina at its December 10, 2013, monthly board meeting. The projects entail a combined $8 million investment by San Diego-based Bartell Hotels.