approved del mar village mixed use project

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Timothy James
5 years ago
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1 Offers Due July 27th by 5 p.m. L Auberge Hotel 15th Street del mar plaza 14th Street 13th Street 12th Street Camino Del Mar 11th Street SITE Stratford Drive 10th Street 9th Street N (Potential for high density residential per proposed Del Mar Village specific plan)

property highlights The property consists of a 25,527 square foot lot on two parcels (APNs: 300-221-33, -32) located on the southeast corner of 10th Street and Camino Del Mar, in Del Mar, California.

The project is planned for 38 office condominiums/work lofts, 3 retail condos, 2 restaurant sites and 3 levels of underground parking (approximately 106 spaces).

Seller states that monitoring efforts are on-going and a no further action letter is forthcoming. Any further remediation is the responsibility of Chevron, although none are anticipated.

2 property highlights The property consists of a 25,527 square foot lot on two parcels (APNs: , -32) located on the southeast corner of 10th Street and Camino Del Mar, in Del Mar, California. There is an approved specific plan adopted by the City of Del Mar for a 6-building development totaling approximately 19,650 square feet, known as The Garden Del Mar. The project is planned for 38 office condominiums/work lofts, 3 retail condos, 2 restaurant sites and 3 levels of underground parking (approximately 106 spaces). The larger parcel (APN: ; 23,958 SF) currently vacant (asphalt paved), was the site of a Chevron service station which was reportedly demolished before being purchased by the current owners. Seller states that monitoring efforts are on-going and a no further action letter is forthcoming. Any further remediation is the responsibility of Chevron, although none are anticipated. A Buyer will be indemnified from any liability related to soils contamination (Buyer to verify). The smaller parcel (APN: ; 2,178 SF) is improved with a 2-story, 1,480 SF commercial building built in The City of Del Mar has expressed support in this site being re-entitled to high density residential. Property highlights Existing usable building Highly desirable, beach oriented community No existing large development sites available Significant work completed by previous owner Approved by the City of Del Mar with neighborhood support Excellent access to I-5 via Del Mar Heights and Via De La Valle Desirable year round weather Walking distance to the beach, bus stops, restaurants, retail amenities, and the Del Mar Race Track and Fairgrounds Top rated school district Exceptional community demographics One of the most desireable places to live and work in the world Ocean views Potential to add square footage with less parking and re-entitle with a residential use (Buyer to verify)

approved del mar village mixed use project 941 camino del mar & 307 10th street, del mar, ca RECEIVERSHIP SALE COASTAL

3 approved del mar village mixed use project 941 camino del mar & th street, del mar, ca RECEIVERSHIP SALE COASTAL ZONING DEL MAR coastal aerial N SITE del mar plaza reet 9th St eet 10th Str 11th Street Camino Del Mar 12th Street L Auberge Hotel

4 COASTAL ZONING DEL MAR zoning aerial Central Commercial N

5 COASTAL ZONING DEL MAR aerial - city of del mar N Del Mar Plaza Del Mar Race Track L Auberge Hotel

6 location map Oceanside Vista San Marcos Escondido Encinitas Del Mar San Diego N

7 project overview Entitlement Status: The property has an approved Specific Plan to develop The Garden Del Mar. In August 2008, the City of Del Mar approved the 19,650 square foot mixed use commercial office/retail and restaurant space development. The following items below have been approved for this future development: a. Conditionally approved Coastal Development Permit (CDP ) b. Conditions of Approval (Resolution ) / approved and accepted EIR c. Conditions of Approval (Resolution ) d. Approved (GDMSP) Specific Plan (SP-07-01) e. Approved Design Review Permit (DRB-08-23) f. Approved Local Coastal Program Amendment (LCPA-02-08) g. Unrecorded Development Agreement (executed and signed by City and Schaar Homes) - TBD All entitlements were approved for 20 years per city development agreement (Buyer to verify). No coastal commission approvals needed. APNs: , -33 Zoning: central Commercial (CC), City of Del Mar Unit Mix: 38 Office condos/work lofts 3 Retail condos 2 Restaurant sites 3 Parking levels (underground) Proposed Floor Area: USE Gross Floor Area (GFA) Guaranteed Retail 1,065 sf Guaranteed Restaurant 3,247 sf Office Only 7,690 sf ( sf each) Office and/or Retail 7,033 sf Common Areas 625 sf Total 19,650

8 N site plan

9 WEST ELEVATION NORTH ELEVATION COURTYARD SIMULATION SOUTH SIMULATION NORTH west elevation

10 WEST ELEVATION NORTH ELEVATION COURTYARD SIMULATION SOUTH SIMULATION NORTH north elevation

11 WEST ELEVATION NORTH ELEVATION COURTYARD SIMULATION SOUTH SIMULATION NORTH interior courtyard

12 simulation - looking south WEST ELEVATION NORTH ELEVATION COURTYARD SIMULATION SOUTH SIMULATION NORTH

13 simulation - looking north WEST ELEVATION NORTH ELEVATION COURTYARD SIMULATION SOUTH SIMULATION NORTH

14 conditions of approval / specific plan Please click to view Development Agreement. Please click to view Proposed Del Mar Village Specific Plan. Please click to view Conditions of Approval. Please click to view Garden Del Mar Specific Plan.

PREMIER CARDIFF DEVELOPMENT OPPORTUNITY 17.5 GROSS ACRES

PREMIER CARDIFF DEVELOPMENT OPPORTUNITY 17.5 GROSS ACRES Views / Ocean Views from Top Portion of Site Zoned RR-2 (21,500 SF Minimum Lot Size) City of Encinitas Jurisdiction One of the Last Premier Undeveloped Large Parcels of Land in San Diego County Submit