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Mercado Del Barrio Project in Downtown San Diego

By Mike in Downtown San Diego Real Estate Market Analysis|Downtown San Diego Urban Lifestyle|March 2011 with 0 Comments

Mercado Del Barrio Project in Downtown San Diego

As you walk along the San Diego Bay heading South past Seaport Village, the San Diego Convention Center and the new Harbor Drive Pedestrian Bridge in the East Village/Ballpark District you will shortly approach the foot of the Coronado Bridge. It is here the 133 acre Barrio Logan Redevelopment Project is taking place. This neighborhood has a distinctive character with cultural and ethnic qualities and they are focusing on to preserve this. As Barrio Logan is located in this ideal location where things are happening with a $3 billion in revitalization investment and by this provides investors with a great opportunity to capitalize on commercial, public and mixed use developments.

The development objectives are;

  • Elimination and prevention of blight and deterioration
  • Encouragement of new and continuing private sector investment
  • Diversification of area’s commercial base and employment opportunities
  • Light industrial and office opportunities
  • Development of affordable multifamily and senior housing
  • Strong transit character minimizing existing congestion

As the lot in Barrio Logan has been vacant for almost two decades…residents are excited to see the project taking place that will transform their neighborhood. The project is scheduled to be completed in the summer of 2012 and will include;

  • 92 affordable apartments for low income
  • Storefronts for small business
  • A supermarket

For more information about this project click on San Diego Redevelopment Agency. ')}