🏗️ Costa Verde Center Redevelopment Update | San Diego Mixed-Use Project
San Diego’s long-vacant Costa Verde Center in University City is set to be redeveloped into a transit-oriented mixed-use neighborhood with housing, retail, and public spaces near the UC San Diego Blue Line trolley corridor. Purchased by Global Mutual for $124 million in Feb 2025.
✨ Highlights & Facts
• Location: Former Costa Verde Center site near Genesee Ave & Nobel Dr, University City (UTC)
• Site Size: About 13–14 acres
• Redevelopment Plan: Demolition of the existing retail center to build a mixed-use urban village
• Housing: 19,000 - 3,500 residential units planned, including market-rate and affordable housing
• Retail & Services: Ground-floor shops, restaurants, cafés, grocery, and neighborhood services
• Public Spaces: Plazas, open space, and pedestrian walkways designed to create a walkable district
• Hotel: Plans include a potential boutique hotel
• Transit Access: Located near the UC San Diego Blue Line trolley connecting UTC, UCSD, and Downtown
📅 Timeline Update:
• 2025: San Diego approved residential redevelopment zoning
• Next: Demolition expected 2026, with Phase 1 targeted for completion around 2028
Bottom Line:
The redevelopment of Costa Verde Center could transform a long-vacant shopping center into a dense, walkable mixed-use district in the UTC area, adding housing and neighborhood retail near one of San Diego’s key transit corridors.
📩 📲 If you’re a buyer, seller, or investor, and want to learn more about this powject, DM or comment “VERDE” and I’ll send over what this could mean for your specific situation.
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Realtor: Christian Gomez
Phone Number: (949)521-9423
Email: rechristiangomez@gmail.com
Website: re-cg.com
DRE 02242748
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