San Diego State University: AvalonBay Selected to Build First Round of Residential, Retail Space at SDSU Mission Valley
San Diego State University announced the results of a competitive selection process resulting in AvalonBay Communities being chosen to complete the first round of residential and retail development at SDSU Mission Valley.
The proposed project will include a variety of apartment options, a grocery store, restaurant and retail space, and a state-of-the-art amenity deck on just over four acres.
A separate selection process is underway for SDSU Mission Valley’s first round of affordable housing, which will be a standalone building developed by a developer that specializes in affordable housing. Ten percent of all housing built on-site at SDSU Mission Valley will be designated affordable.
“Housing is an essential part of what will make SDSU Mission Valley a vibrant living-learning community,” said SDSU President Adela de la Torre. “It is essential to innovation. It is essential to achieving a feeling of connection and belonging. I could not be more excited to start construction on this next phase, and to work with AvalonBay to make this a reality.”
AvalonBay proposes to construct approximately 600 market-rate apartments, consisting of a mix of studio, one-bedroom, two-bedroom, and three-bedroom apartments, along with approximately 30,000 square feet of ground-floor retail space, including a grocery store. To provide parking for residents, visitors, and retail uses, the plan includes three levels of parking to accommodate approximately 1,000 vehicles. The project will also incorporate public art by local artists and is being designed to achieve LEED Gold Certification for sustainability.
“We envision an inspiring new mixed-use community that will create a better way to live in Mission Valley,” said Mark Janda, Senior Vice President of Development for AvalonBay Communities Inc. “The new community will incorporate a range of design features that will promote walkability and connectivity throughout the surrounding neighborhood, all in a highly sustainable mixed-use building.”
In the coming months, the university and AvalonBay will work to finalize deal terms, with the goal of securing approval from the Board of Trustees for the California State University in 2023, with construction to begin as early as 2024.