Brookfield Properties and ASM Global have been selected to redevelop the 48-acre San Diego Sports Arena (SDSA) site.
Brookfield Partners and ASM Global partnered on the winning proposal, which included over 2,000 housing units, nearly 600,000ft2 of mixed-use office/hospitality and retail space, and dynamic public parks, which will be programmed year-round.
The decision was made after months of review led by San Diego Mayor Kevin Faulconer, city leadership, a third party advisor, and public stakeholder input.
The redevelopment area falls within the Sports Arena Community Village and includes approximately 48 acres in west-central San Diego.
The two firms will work out a lease and development agreement with the city in the coming months.
Chuck Steedman, an executive vice president at ASM Global, said:
This site provides a phenomenal opportunity for a sports anchored development in the middle of one of the best cities in the United States.
The SDSA site has served the San Diego community well since 1966, when it was one of the most iconic facilities in the country. Since then, arenas have become defined by the environment around them as much as the buildings themselves. Given our global experience with arenas, and Brookfield’s with mixed-use development, this was a logical pursuit for us.
Chase Martin, a senior vice president at Brookfield Properties said:
We are honoured to have been selected to put forth a master plan that will transform this site into a world-class mixed-use entertainment district. We look forward to working with the city to deliver a project that will celebrate sports and entertainment while creating a community. Both Brookfield and ASM are excited about this vision and look forward to starting the conversation with the community to bring it to life.