The Port of San Diego Board of Port Commissioners has selected Protea Property Management, Inc. (Protea), a San Diego-based property management firm, to manage and operate Seaport Village after the current lease expires on September 30, 2018. This important step will ensure the shopping and dining complex remains a vibrant and prosperous waterfront destination for residents, visitors and the businesses that operate within it until the Port’s planned redevelopment of the Central Embarcadero.
Protea was founded approximately 20 years ago and owns and operates two specialty retail centers in its portfolio, Flower Hill Promenade and Pangaea Outpost, which are both located in San Diego. The Port’s selection of Protea to manage and operate Seaport Village on its behalf concludes the Port-initiated competitive bidding process. The Port will begin work with Protea, the businesses within Seaport Village and the current lessee on a transition plan leading up to October 1, 2018.
Seaport Village is located south of Tuna Harbor between downtown San Diego and San Diego Bay. The approximately 14-acre site currently includes approximately 70 specialty retailers and eateries, and on-site parking. In late 2016, the Port Board selected the 1HWY1 team and its “Seaport San Diego” concept for the redevelopment of the Central Embarcadero, which includes Seaport Village and surrounding areas. Due to the size of the redevelopment and uniqueness of some of the proposed programmatic components, design, planning, and permitting will likely take several years.
About the Port of San Diego:
The Port of San Diego serves the people of California as a specially created district, balancing multiple uses on 34 miles along San Diego Bay spanning five cities. Collecting no tax dollars, the Port manages a diverse portfolio to generate revenues that support vital public services and amenities.The Port champions Maritime, Waterfront Development, Public Safety, Experiences and Environment, all focused on enriching the relationship people and businesses have with our dynamic waterfront. From cargo and cruise terminals to hotels and restaurants, from marinas to museums, from 22 public parks to countless events, the Port contributes to the region’s prosperity and remarkable way of life on a daily basis.
About Port of San Diego Waterfront Development:
Port of San Diego Waterfront Development contributes to the continuous prosperity of the local economy.
From Real Estate to Aquaculture and Blue Tech, the Port invests in major redevelopment and community infrastructure, so businesses in our region have the opportunity to stay competitive in the global marketplace.