Update on Horton Plaza Construction April 8, 2020 As you may be aware, Horton Plaza Mall, where the REP is located, was purchased by LA-based real estate investment firm, Stockdale Capital Partners, and is on its way to transition to an office campus. The developer planning to transform Horton Plaza into a … 1 million SF+ mixed-use redevelopment project located in the heart of Downtown San Diego; Close proximity to Downtown’s growing residential base in … On May 20, San Diego’s City Council voted unanimously to allow new owners Stockdale Capital Partners to convert Horton Plaza into the Campus at Horton, a mixed-use development that will relocate all shops to the ground floor, reducing the retail space from 600,000 to 300,000 square feet, and add 772,000 square feet of office space. Stockdale Capital Partners Secures $330 Million Construction Loan for The Campus at Horton Construction… Stockdale Capital Partners acquires 372,000 square foot Class A research and creative office building in North Scottsdale Stockdale Capital released its first public renderings of the Horton Plaza redevelopment project ahead of a meeting with Civic San Diego, and it's not good news. “Stockdale Capital is committed to working with the City of San Diego, downtown community leaders and neighbors to deliver an exceptional project that will reinvigorate this historic asset and be an economic engine for Downtown San Diego,” said Daniel Michaels. Downtown’s retail dead zone — Horton Plaza — is headed for permanent retirement. “We’re excited to create an iconic destination that will leverage the best of Downtown San Diego to create something high impact and truly unique,” said Steven Yari, Managing Director of Stockdale Capital. Horton Plaza was the $140 million centerpiece of a downtown redevelopment project run by The Hahn Company, and is the first example of architect Jon Jerde 's so-called "experience architecture". Horton Plaza in downtown San Diego is being reinvented as a tech hub with retail, dining, and more. Architect’s rendering of the future Campus at Horton. In Horton Plaza, which was owned by Westfield Corp., Stockdale Capital acquired a five-level, 900,000-square-foot property on ten blocks that was … 51,570 SF Class-A medical office building located in the heart of Beverly Hills. © Copyright 2017 by Stockdale Capital Partners - All Rights Reserved. The Los Angeles-based real estate investment firm Stockdale Capital Partners acquired Horton Plaza last August from prior owner-operator Westfield … With $330 million in the bank, Horton Plaza owner ready to overhaul empty mall An artist rendering of the former Nordstrom building at Horton Plaza. Horton Plaza Redevelopment Ready to Go Rendering courtesy of Stockdale Capital Partners A rendering of Horton Plaza, once it’s redeveloped. SAN DIEGO, CA (August 23, 2018) ––Stockdale Capital Partners (“Stockdale”) has announced the acquisition of Horton Plaza and its plan to transform the existing property into The Campus at Horton, a vibrant, highly-amenitized mixed-use retail and creative office complex with a multitude of food & beverage, lifestyle retail and entertainment venues. An architect’s rendering of the redevelopment Horton Plaza. Stockdale Capital Partners announced that it has reached a settlement with Macy’s that will allow the company to proceed with the $275 million redevelopment of Horton Plaza … Courtesy Stockdale Capital Partners. The Campus at Horton is expected to generate over $1.8 billion in annual regional economic activity annually and create 3,000 – 4,000 high-paying jobs for Downtown San Diego. The renderings show the former Nordstrom building and a tenant amenity deck where the food court used to be, essentially completely overhauled. Los Angeles-based Stockdale Capital Partners has pitched the so-called Campus at Horton as a tech hub. Back to list; Serving as architect of record, RDC is collaborating with design firm Rios Clemente Hale to reinvent Horton Plaza as the ultimate 10-block mixed re-use campus—a sustainable, high-tech hub in the heart of Downtown San Diego. (Courtesy Stockdale Capital Partners) The project, named The Campus at Horton… Although the old food court will be gone, the new Horton Plaza will have “multiple food and … Since July, Horton Plaza owner Stockdale Capital Partners, with the help of contractor AMG Demolition, has been swinging hammers and bulldozing by way of compact robots inside the plaza… The first phase of construction is expected to begin in early 2019 and be completed in fall 2020, with an opportunity for additional phases totaling 1.5 million of additional square feet to bring further density to the site. The one-time crown jewel of downtown, Horton Plaza, has officially been sold to real estate investment firm Stockdale Capital Partners, which seeks to … Mixed-use office, retail and restaurant project to create 3,000+ jobs and over $1.8 billion in economic impact annually. “It is with great sadness that I announce that we will be closing Jimbo’s — at least until Stockdale goes back to operating Horton Plaza as a retail center. Renderings indicate extant elements of the Horton Plaza Mall will be incorporated into the redevelopment. SAN DIEGO — Developers are hoping to transform a dilapidated Horton Plaza in Downtown San Diego into a vibrant tech and retail center. Horton Plaza’s metamorphosis from a traditional shopping mall to a mixed-use tech hub is slated to occur over the next year and a half, based on recently revealed details. Downtown San Diego’s Horton Plaza is on its way to becoming a high-tech hub. The developer planning to transform Horton Plaza into a tech campus announced last week that it has secured a $330 million construction loan and work will commence shortly. We believe there is an incredible opportunity to recreate this space to drive local and national tenants to Downtown,” said Daniel Michaels, Managing Director of Stockdale Capital. Stockdale … Future owner Stockdale Capital Partners is now laying the … Horton Plaza opened in 1985 to national acclaim but has become a blighted complex over the last decade with many retailers abandoning it for brighter pastures. The upgraded plaza is targeting LEED and WELL Platinum and includes a number of sustainability features, including an impressive solar array and San Diego… Share. The Campus at Horton will create downtown San Diego’s leading retail and creative office campus with a bright and open boardwalk ornamented with boutique retail, green space and public seating areas. Stockdale Capital will partner with the San Diego Regional Chamber of Commerce, Downtown San Diego Partnership and the San Diego Regional Economic Development Corporation to host a series of community engagement workshops to share the vision of the project and garner community feedback. Facebook Twitter LinkedIn Email. Mixed-use office, retail and restaurant project to create 3,000+ jobs and over $1.8 billion in economic impact annually. Los Angeles-based Stockdale Capital Partners received an approval to redevelop San Diego’s Horton Plaza into a mixed-use office campus. The City Council voted 9-0 to alter a 1981 land-use restriction to maintain 600,000 square feet of retail space at the property, which effectively removes a key hurdle to commencing construction. This boardwalk will run through the site and spill out onto a reactivated Horton Plaza Park which will offer multiple food and beverage options utilizing the best of San Diego’s local talent. Stockdale Capital Partners, an LA-based real estate firm, bought Horton Plaza from Westfield back in August with known intentions of redevelopment. Stockdale Capital Partners has 5 offices and 75 employees with 30 years of ownership and investing experience across the Southwest. Stockdale's acquisitions are based on a consistent and repeatable investment approach: A vertically-integrated real estate investment firm focused on opportunistic investments, © Copyright 2017 by Stockdale Capital Partners - All Rights Reserved, Stockdale Capital Partners announces closing of inaugural commingled fund with $550 million in commitments, Stockdale Capital Partners Secures $330 Million Construction Loan for The Campus at Horton, Stockdale Capital Partners acquires 372,000 square foot Class A research and creative office building in North Scottsdale, Stockdale Capital Partners completes sale of iconic medical office building in Downtown Los Angeles, Horton Plaza to be Transformed into Downtown San Diego’s Leading Retail and Creative Office Complex, Generating alpha through property level operations, Vertical integration with a strict control over property management. “With record low office vacancies and a rapidly growing pool of talent in Downtown San Diego, demand for creative office space, which leverages large open floor plates and high ceiling heights in a unique urban campus setting, is in extremely high demand. SAN DIEGO, CA (August 23, 2018) ––Stockdale Capital Partners (“Stockdale”) has announced the acquisition of Horton Plaza and its plan to transform the existing property into The Campus at Horton, a vibrant, highly-amenitized mixed-use retail and creative office complex with a multitude of food & beverage, lifestyle retail and entertainment venues. When it opened in August 1985, it was a risky and radical departure from the standard paradigm of mall design. The new owners, Stockdale Capital Partners, bought Horton Plaza just over a year ago and have now been sued by one of its last remaining tenants, Macy's Department Store. The redeveloped mall will actually have about … 100% leased to Cedars-Sinai and its affiliate Tower Urology. “The Campus at Horton will be a thriving innovation hub, comprised of creative office space, captivating entertainment options, urban lifestyle retail choices and contemporary food and beverage experience, catering to leading technology and biotechnology employers, locally and nationally.”. Rendering courtesy of Stockdale Capital Partners A rendering of Horton Plaza, once it's redeveloped. Courtesy Stockdale Capital Partners. Client: Stockdale Capital Partners. Horton Plaza San Diego, CA. 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