Revitate named Finalist in New San Diego Arena District Bid Process

Great news out of San Diego this week, as the San Diego City Council voted unanimously to advance Revitate’s Midway Village+ development proposal as one of three finalists to redevelop the 48.5 acre Sports Arena site in downtown San Diego.

Revitate is Co-Master Developer for Midway Village+, alongside Toll Brothers, BRIDGE Housing, and MAAC. The project calls for the redevelopment of the existing site with new residential, office, hotel, retail, entertainment, and parking programming, anchored by a new state of the art arena, events, center, and significant affordable and attainable housing.

Read more about the Midway Village+ Proposal

San Diego City Council voiced interest in several aspects of the project, with a specific emphasis on generating more housing opportunities for low and moderate income families.

Midway Village+ is particularly committed to achieving this goal, focusing particularly on the unmet needs of large families, multigenerational households, and seniors. The current housing plan calls for:

·       640 two- and three-bedroom affordable homes​

·       Dedicated affordable homes for seniors and families​

·       On-site childcare facilities​

·       116 permanent supportive homes – 33% for transitional-aged youth​

·       100 for-sale affordable units via Habitat for Humanity​

More broadly, the overall project will deliver:

·       4,200 new housing units, including 1,610 new affordable homes

·       15,000 capacity new arena and 3,500 capacity events center

·       450,000 square feet of office and retail

·       250 key hotel

·       12 acre central park

The City of San Diego will now initiate a detailed financial and operational feasibility analysis of the three finalists. A final decision is expected by the end of the year.

For more information, please visit www.midwayvillageplus.com.