San Diego Business Journal

Local Contracts for Future Construction Up 18% in First Quarter

Real Estate Column By Lou Hirsh Monday, May 13, 2013
Cheesecake Factory, Seasons 52 and three other upscale full-service restaurants have been confirmed for The Headquarters.

Cheesecake Factory, Seasons 52 and three other upscale full-service restaurants have been confirmed for The Headquarters.

One factor limiting companies’ quest for new space could be the recent wave of merger and acquisition activity impacting locally based companies.

While M&A activity signals health in the local biotech and pharmaceutical community, it also has a negative effect on space demand as San Diego companies get acquired once they “hit a critical size.”

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Restaurant Lineup Grows at The Headquarters: The Cheesecake Factory, Eddie V’s and Seasons 52 have joined the roster of new restaurants set to debut at The Headquarters, the $40 million retail center being developed in downtown San Diego by Terramar Retail Centers, in the former Old Police Headquarters building.

Those eateries will join the previously announced Pizzeria Mozza, and Puesto, according to a statement from Carlsbad-based Terramar. The 100,000-square-foot retail, dining and entertainment center is under construction and renovation next-door to Seaport Village, with several businesses set to open this fall.

Those restaurants and the upscale Mexican eatery Puesto have other locations in San Diego County, while The Headquarters will host the first local location of Pizzeria Mozza, started in Hollywood by noted chefs Mario Batali, Joseph Bastianich and Nancy Silverton.

The Headquarters consists of four existing buildings set around an interior courtyard that will include fountains and colorful landscaping. At completion, it will have up to 30 shops and restaurants, with an emphasis on waterfront dining and entertainment, according to Terramar.

Send commercial real estate and development news of general local interest to Lou Hirsh via email at lhirsh@sdbj.com. He can be reached at 858-277-8904.

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