IQHQ’s Research and Development District (RaDD) is currently under development in downtown San Diego’s waterfront. This 8 acre (5 city blocks) waterfront site will host 5 buildings (labs, office, retail) for a total of 1,700,000 sq ft.
IQHQ is behind some of the countries most exciting life science campuses including the Fenway Center Life Science Campus (Boston, MA), Alewife Park (Cambridge, MA), Innovation Park (Andover, MA).
The company is headed by Alan Gold, who has specialized in life science-focused real estate development over his career. He serves as executive chairman. Steve Rosetta, another local real estate veteran, is the CEO.
This incredible project will attract top tier biotech companies to downtown San Diego and many new jobs will be created. A media release says the project promises to contribute more than 4,000 jobs, $50 million in annual taxes and fees, and $15 billion in economic benefits.
This project is estimated to be approximately a $1.5 billion development making it an ideal time to invest in real estate in downtown’s Columbia District as buildings in this district will benefit the most.
The first phase of the district is estimated to be completed by 2023. The project will include one 17 story tower and a series of mid rise buildings (total of 5 buildings) as well as a museum, 3 acres of green space and rooftop decks.
The ground level promenade will have approximately 200,000 sq ft of retails space and will be catered to multi level restaurants, marketplaces and trendy grocers.
Design firm Gesler is working with developer IQHQ to create attractive buildings with natural light and enjoyable green spaces.