Developer Hines is planning a massive $3 billion mixed-use transit-oriented development in San Diego. Currently in the planning phase, Riverwalk San Diego is on a 200-acre former gold course and 4,300 homes, of which approximately 400 will be affordable, 150,000 square feet of retail space, 1 million square feet of office space, 97 acres of open space, including a 50-acre river park. The project will also restore a portion of the San Diego River and add a new trolley stop.
"Riverwalk will be the first transit-oriented village in San Diego and will represent a new way of creating, complementing and revitalizing communities," Eric Hepfer, managing partner at Hines, tells GlobeSt.com. "It has an important role to play in social equity by providing housing, employment and recreation opportunities in environmentally efficient locations near transit."
The development will become the anchor of the Mission Valley neighborhood. "Riverwalk will also help define the western Mission Valley neighborhood of San Diego, which has been dominated by retail and hotel properties and has lacked a cohesive neighborhood identity and adequate park space," says Hepfer.
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