Regency Centers owns and operates the Costa Verde Center which was built nearly four decades ago, long before it was surrounded by more than 17,800 homes within a one-mile radius. Regency has been working with the community on plans to revitalize the center to enhance the site’s vitality and take advantage of the regional investment in the $3B Mid Coast Trolley line. The project has been approved and Regency is excited to share the full scope and timing with the community soon.
To better serve the University City community and better meet the needs of neighbors and customers, Regency Centers is planning to ﬁx the center’s parking and layout and add new community amenities and choices for shopping and dining. Regency Centers has also partnered with Alexandria Real Estate to create new office space that can meet the needs of San Diego’s growing life science industry.
The Costa Verde Center Revitalization Project will drastically improve the visitor experience on the site. The existing center has multiple levels and requires the use of escalators to navigate and access all of the shops. This is inconvenient for most people, so the proposed project will level the site and now place the majority of retail on one level along a Main Street promenade, making it easy to access for visitors to the property.
The proposed project will also improve the biking experience by constructing dedicated bike lanes on the north side of Nobel Drive and, as requested by the City, extending the bike lanes to Regents Road. These improvements are consistent with the City of San Diego’s plans for mobility infrastructure in the University community. Regency Centers and Alexandria are also working with Circulate San Diego, the region’s leading mobility advocates, to design improvements and enhancements at crosswalks along the perimeter of the property.
Regency Centers has received hundreds of letters from community members over the last five years about the project. Based on your feedback, Regency Centers has updated the Costa Verde project to remove the parking garage and move it underground. This has allowed us to level the property, creating better pedestrian access along the Main Street promenade for the shops, restaurants, grocery store and pharmacy.
Project plans and technical studies finalized
Draft Environmental Impact Report released
University City Planning Group hearings
Full approval from Planning Commission and City Council
New local stores, restaurants, services, groceries and a pharmacy
Everyday needs like the car wash, gas station, McDonald’s and grocery store will stay
Direct and easy Trolley access through the plaza to the new station
Welcoming pedestrian entrances from Las Palmas Square and Costa Verde Boulevard