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The San Diego City Council voted 8-1 to approve the One Paseo mixed-used development project last month. The Chamber team has been highly active in ensuring the project passes, as it will add much-needed housing, retail, and commercial space while providing a model for future development in San Diego.
Additionally, the One Paseo project will also:
- Provide a true, walkable main street that will connect and complement the existing surrounding uses of retail, offices and housing.
- Set a new standard for energy-efficient and drought-resistant green communities.
- Generate thousands of construction jobs as well as permanent, high-paying jobs in this vital commercial corridor.
- Incorporate needed housing close to where people work.
- Provide millions of dollars in private investment toward traffic improvements and millions more for an Adaptive Traffic Management system, as well as optimization technology that will reduce travel times on the local roadways.
- Generate significant taxes and fees for the City and a boost to the local economy that help fund vital public services, including our schools and affordable housing.
- Help to fulfill the General Plan’s strategy for a “City of Villages” as well as important state, regional and local policy land-use initiatives.
The new mixed-use village will be built on a 23.6-acre parcel located on the southwest corner of Del Mar Heights Road and El Camino Real. 10 percent of the development project’s housing will be committed to affordable units, and a transit shuttle will connect visitors to the nearby Solana Beach Coaster station.
The Chamber looks forward to watching One Paseo lead the the way in green design while boosting San Diego’s commercial real estate industry.