Cisterra has plans to build a mixed use project, which will include a Ritz Carlton Hotel!
Cisterra, developers of the new Sempra Energy building and Diamond View Tower, are currenRitz Carltontly competing with developer, Doug Wilson, for approval to build on the lot bound by 7th, 8th, Island and Market. The land is currently owned by the City of San Diego. Doug Wilson, whom developed Parkloft and The Mark, has plans to build a condominium complex, but not much is released regarding the details. While both ideas are exciting, I would say the Cisterra mixed use project takes the cake.
The project is expected to include the following:
- 184-Room Ritz Carlton Hotel
- 68 Ritz Carlton Branded Condominium Units
- 2 Ground Floor Restaurants Associated with the Hotel
- 40,000 Square Foot Gourmet Grocer and Market
- 168,000 Square Feet of Office Space (Class A)
- 110 Market Rate Apartments
- 35 Affordable Housing Units
- 669 Underground Parking Spaces
- 248 Public Parking Spaces
- 6,000 Square Foot Public Space
Little is said about the 68 Ritz Carlton branded condo units, but it is likely that they are going to be similar to The Metropolitan condos found at the top of the Omni Hotel. I do not suspect they will introduce more condo-hotels, a concept found in The Hard Rock. I would expect luxurious amenities and finishes, but premium prices and high homeowners dues. If you wish to receive updates regarding the Ritz Carlton branded condos, sign up on our interest list below. We will send updates as they are released.
The 40,000 square foot gourmet grocer is rumored to be a Whole Foods. If you look at the rendering, the text and colors even match the style of the Whole Foods logo. People often make comments that they are waiting for a Whole Foods downtown, so I think this news will be well received in the community!
As for the office space, Cisterra claims they have pre-leasing interest from two large office tenants.