Developer to Break Ground Next Month on Navy Broadway Complex Redevelopment

Developer to Break Ground Next Month on Navy Broadway Complex Redevelopment

Manchester Financial Group said last week it has secured the necessary financing to break ground next month on its long-anticipated, $1.5 billion redevelopment of the Navy Broadway Complex located on San Diego’s waterfront. The project is being built through a public-private venture. In return for a new 373,000-square-foot, 17-story headquarters for Navy Region Southwest, the Navy granted the developer a 99-year lease for the remaining seven parcels of the 15-acre site. Manchester is funding the entire project with the help of outside equity partners rather than obtaining a conventional loan, reports the San Diego Union-Tribune.

Illustration courtesy of Manchester Financial Group

Dan Cohen
Dan Cohen
AUTHOR

Posts Carousel

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

CLOSE