Magazine article Journal of Property Management

Give Me Liberty: Famous Properties

Magazine article Journal of Property Management

Give Me Liberty: Famous Properties

Article excerpt

Liberty Station, a new 361-acre mixed-use campus in San Diego located on the site of the former Naval Training Center (NTC), pays homage to the spirit and service of the 1.75 million recruits who received training there during the Center's 74-year history.

The massive project is being developed by the City of San Diego Redevelopment Agency in collaboration with The Corky McMillin Companies, a 43-year-old, family-run business headquartered in San Diego County. As development progresses, buildings are sold or leased on 66-year ground leases.

The project, with a build-out value of more than $500 million, consists of 349 high-end residences, 380,000 square feet of first class office space, 300,000 square feet of retail space, a 350,000-square-foot arts and cultural district, 45 acres of public park fronting San Diego Bay, two hotels, a 22-acre educational campus and a nine-hole executive golf course.

Jeff Hickox, CPM[R], on-site property manager at Liberty Station for the past three years, said when he took over the day to-day property management responsibilities, there were 42 tenants and more than 50 sub-tenants within the former NTC. The city had rented many of the buildings on a month-to-month basis at below-market rents.

One of the challenges of developing Liberty Station has been maintaining the historical integrity of the original property. Fifty-two buildings within the development are on the National Register of Historic Places. Within the historic core is the 26-building Promenade Centre, a civic, arts and cultural center with light office, retail and restaurant space.

Paying tribute to the rich architectural history in the area, the Residential District boasts Spanish, Mediterranean and Italian designs. Designers have implemented a complex series of pedestrian walkways throughout the entire community and a carefully planned system of alleyways, designed to minimize vehicle traffic.

In the Office District, the new buildings will mirror the historic barracks across Lawrence Court. They will feature cast stone details, balconies, arcades and clay tile roofs.

A Promenade, eventually encompassing 16.5 acres, will connect the Educational and Residential Districts, running from The Village at NTC, a military housing neighborhood at one end of the former base, to Gate One near the Sail Ho Golf Course at the other end. …

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