San Diego CA— Sea Breeze Properties and CBRE, in conjunction with Flocke and Avoyer, announce the groundbreaking of MERGE 56, a 40-acre mixed-use development in Torrey Highlands, San Diego.
Adjacent to State Route 56 at Camino Del Sur, MERGE 56 will be comprised of approximately 450,000 square-feet of Class A office and retail space, a boutique hotel and 242 residential units, including single-family homes, townhouses, and affordable units. The development will be one of the few truly walkable mixed-use environments in Central San Diego.
MERGE 56 is strategically located halfway between Interstate 5 and Interstate 15, capturing some of the best employment demographics in San Diego County. The development is surrounded by a strong base of both executive and workforce housing, including proximity to the affluent residential communities of Santa Luz, Rancho Santa Fe, Fairbanks Ranch, Carmel Valley and Rancho Penasquitos. Residents, tenants and all visitors to MERGE 56 will have direct access to the miles of hiking and biking trails in the adjacent open space of Los Penasquitos Canyon Preserve.
“This development has been 20 years in the making and we are very excited to be finally breaking ground,” said Gary Levitt, founder and president of Sea Breeze Properties and the master developer of MERGE 56. “MERGE 56 will be a welcomed addition to the growing demand along the 56 Corridor, providing a true live-work-stay village atmosphere and experience.”
He added, “We’ve learned a lot with North City, our much larger project in San Marcos, and we cannot wait to apply those ideas and successes here along the 56.”
The land was originally approved in 2004 as a big box retail center, before Sea Breeze Properties acquired the land in 2013 and redesigned it into a pedestrian-centric mixed-use environment. The project received unanimous approval from the Rancho Penasquitos Community Planning Group, City of San Diego Planning Commission and San Diego City Council.
CBRE’s Chris Pascale, Mike Hoeck and Ellycia Halden will be leasing the Class A office space and Steve Avoyer of Flocke & Avoyer will be leasing the retail space.
“CBRE is proud to partner with Sea Breeze and Flocke & Avoyer in the MERGE 56 development,” said Pascale. “Sea Breeze’s thoughtful planning embodies the essence of the San Diego lifestyle, one where all involved can take advantage of the natural beauty and environment we have all grown accustomed to as San Diego residents.”