Shea Properties' Mercado del Barrio Awarded Planning Project Honors by State Chapter of the American Planning Association
APA California said it selected Mercado for its Award of Excellence after much deliberation and review.
- (1888PressRelease) August 21, 2013 - The California chapter of the American Planning Association has given its 2013 Project Planning Award to Shea Properties' Mercado del Barrio, a dynamic mixed-use project located in the heart of San Diego's Barrio Logan neighborhood.
"We congratulate Shea Properties and Chelsea Investment Co. and everyone else that has been involved in the project," said Eric Lindebak, principal of Safdie Rabines Architects in San Diego, the architectural firm that designed Mercado del Barrio.
APA California said it selected Mercado for its Award of Excellence after much deliberation and review. The award will be presented during APA California's state conference at the Visalia Conference Center in Visalia on Oct. 6-9, 2013.
The Mercado project won the same award earlier this year on the regional level, when the San Diego chapter of the American Planning Association cited the project as representing the finest in urban planning.
Mercado del Barrio now is eligible for a 2014 National APA award. The nomination period for consideration for such an honor is open through Aug. 27, 2013.
"This state award, following our regional award, is a testament to Shea's commitment to developing only the finest of projects," said Kevin McCook, vice president of development for Shea Properties. "We are thrilled to soon have Mercado considered for national honors.
"We also are thrilled that our peers in the industry recognize the quality of Mercado Del Barrio and its status as a catalyst development to spur economic activity throughout the historic southeastern San Diego neighborhood."
The $80-million Mercado Del Barrio features a 36,000-square-foot Northgate Market as an anchor and 92 affordable housing units built atop retail and restaurant space.
About Shea Properties
Shea Properties, headquartered in Aliso Viejo, California, is a diversified real estate company responsible for the acquisition, design, development, construction and management of business parks, shopping centers, apartment communities and mixed-use environments. Since beginning operations in 1969, annual revenues have grown steadily to more than $200 million, while the overall value of the portfolio has grown to more than $2.25 billion. Shea Properties owns and operates approximately 6,000 apartment units and 5.5 million square feet of office, industrial and retail space in California and Colorado. Currently, Shea Properties has nearly $1 billion in development projects underway.
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