“This plan provides a financing vehicle to build a convention center expansion and allows us to fix existing inefficiencies in how we govern, manage, and promote our convention center.”
John Kratzer, President & CEO, JMI Realty
The San Diego Padres needed a new ballpark
Different political and economic interests couldn’t agree
Downtown San Diego was not fit for a family friendly stadium
JMI Realty recognized how Petco Park could become a catalyst for redeveloping the blighted East Village neighborhood.
We brought everyone together in support of a $2 Billion Master Plan
Established a very successful public-private partnership with the City of SD to execute their plan
JMI Realty is a real estate investment and development company that was organized in 1992. In 1998, JMI Realty was appointed by the City of San Diego and the San Diego Padres to act as the Master Developer of the Ballpark District.
JMI Realty's successful planning and implementation of the Ballpark District Master Plan resulted in over $2.0 billion of redevelopment in downtown San Diego, and is viewed nationally as a template for successful urban revitalization.
Ballpark Village LLC is a partnership of JMI Realty and Lennar.
BPV is the largest owner of undeveloped land in downtown San Diego. Our property is located adjacent to Petco Park and across the railroad tracks from the San Diego Convention Center.
It should come as no surprise that BPV has a serious interest in protecting the future of downtown San Diego.
With that interest comes a responsibility to understand how large public-event venues like the Convention Center, Petco Park, or even a possible Charger stadium, fully integrate into this neighborhood’s future.
JMI also contributed $4 million toward the $26.8 million Harbor Drive pedestrian bridge and $900,000 for the north-end plaza, which Ballpark Village pledges to maintain. It covered $20 million for 134 low-income apartments at Father Joe's Village.
What’s going on? A lot. Politicians, residents, business people, and YOU are all part of the discussion. Follow it here: