SAN DIEGO—LaSalle Investment Management, a leading global real estate investment manager, has partnered with Lowe Enterprises to develop IDEA1, an urban mixed-use project in the vibrant Upper East Village, the fastest growing area of downtown San Diego. LaSalle's investment in the venture positions the project to move toward a fall 2015 construction start.

The $90 million, six-story, 289,000 square-foot project is located on a full city block bounded by E, F, Park and 13th Streets. The site is strategically located within two blocks of two trolley stops, the New School of Architecture and Design and the future East Village Green community park. The team plans a mixed-use development complete with 300 multi-family housing units, ground floor retail and office space and subterranean parking.

“This property presents a perfect opportunity to provide joint venture equity with our partners at Lowe, and allows us to address the increased demand for urban spaces that offer a mix of residential, commercial and entertainment uses with proximity to public transit,” said Chris Akins, managing director of of LaSalle Investment.