San Diego State University (SDSU) has released details of SDSU Mission Valley, a 15-year development plan for a project valued at $3 billion by consultants.
Prepared by architect Carrier Johnson + Culture, the plan calls for the construction of several structures on a 166-acre city-owned property, which the university has announced it will purchase at a fair market price.
Aztec Stadium, the highlight of the project, will be a sports complex with 35,000 seats and 1,000 parking spaces. It will replace the city’s San Diego County Credit Union Stadium and will accommodate the university football team’s games.
SDSU told the San Diego Union Tribune that the facility could also host professional games and other sports. It could also be expanded should the National Football League (NFL) return to San Diego.
Two hotels are included. A 22-story hotel with 250 rooms, 75 residential units and a conference center has been planned for Friars Rd. The other hotel would be a low-rise, select service development with 150 rooms east of the main campus entrance.
About 1.6 million sq. ft. of tech office and academic space has been proposed for the southwest corner of the site. It will be shared by private companies and SDSU departments.
Meanwhile, at the northeast corner of the property, townhouses, mid-rises and five 22-story residential towers will be constructed to provide more than 4,500 housing units to students, faculty and the public. The university has committed to abide by the city’s requirement to set aside 10 percent of the units for low-income homebuyers.
Also planned for construction are: 95,000 sq.ft. of retail spaces that include a 12,000 sq.ft. grocery; more than 10,000 parking spaces; and 90 ac. of open spaces, ballparks and plazas.
Consultants, who estimated the cost of the project, have not provided a breakdown for land purchase or public improvements. However, SDSU has announced that it plans to pay for the stadium without increasing tuition fees or using state funds. Private developers would cover the cost of commercial buildings and housing units.