San Diego-Tijuana MEGAREGION by Mendoza International Group

BOOTH P-1 G86 14-17 MARCH 2017 | CANNES, FRANCE

SAN DIEGO–TIJUANA MEGAREGION PARTNERS

M. GRANT REAL ESTATE

SAN DIEGO’S BEST CRAFT BEER PROVIDED BY

SAN DIEGO–TIJUANA MEGAREGION INQUIRIES AND INFORMATION REQUESTS MS. THERESA ANDREWS | TANDREWS@SDAR.COM | +1 858-715-8004

Welcome to the San Diego –Tijuana Mega Region! The San Diego –Tijuana Mega Region is home to the busiest land border in the world and has helped fuel the rise of San Diego and Chula Vista as the most business-friendly, economically advanced cities in the U.S. Thanks in large part to a social, economic and legal symbiosis between Tijuana and San Diego, the Mega Region’s GDP is estimated at more than $230 billion, roughly equal to that of Ireland. San Diego County provides capital, scientific and technical knowledge, and management expertise, while Tijuana provides a highly skilled manufacturing workforce, ample space and low business and real estate costs. With a combined population of more than 6.5 million, the San Diego –Tijuana Mega Region boasts the largest concentration of population along the U.S.-Mexico border. The San Diego – Tijuana Mega Region provides access to the lucrative California and North American markets, and is the country’s gateway to the global markets in the Pacific Rim and the emerging Latin American markets. Our robust internal infrastructure connections include 6 border crossings, 5 interstate freeways, 2 international airports, 2 specialized maritime port facilities and rail links, making the region a globally unique bi-national location for business investments. Tijuana and San Diego’s geographically blessed location is more than just a doorway to trade and commerce: it’s a doorway to world-renowned beaches and bays and a quality of life found in few other places. We welcome you to discover all that the San Diego –Tijuana Mega Region has to offer for your business investments.

Kevin Faulconer

Mary Casillas Salas

Juan Manuel Gastélum

MAYOR CITY OF SAN DIEGO

MAYOR CITY OF CHULA VISTA

MAYOR CITY OF TIJUANA

M I P I M 2017

The San Diego –Tijuana Mega Region is a unique $230 billion bi-national region in Southern California and northern Mexico primed to become a global business leader. The region, comprised of San Diego and Imperial counties and Baja California, provides direct access to lucrative markets including California and North America, the Pacific Rim, and the emerging markets of Latin America.

To some, San Diego is a beach and border town. But America’s Finest City has long been considered a hub for the clean tech, life sciences, and communication industries. In recent years, the city has emerged as a high-tech powerhouse and entrepreneurial haven. To the east is Imperial Valley. The year-round supply of sunshine and the low cost of land has helped turn this rural county into a leading producer of geothermal energy and an epicenter for wind, solar, and biofuel development. South of the border, Baja California boasts an extensive manufacturing base with more than 900 manufacturing companies and over 600,000 skilled workers. While San Diego enjoys the 17th largest economy among metro areas in the United States, Baja California is undergoing a renaissance that has led to a boom of cultural and economic growth. Together, the areas that form the Mega Region will create a globally-connected ecosystem of innovative businesses, multicultural talent, and startto-finish product development to forge an economic success story as unique as its offerings.

SA N D I E G O – T I J U A N A M E G A R E G I O N

M I P I M 2017

Why Invest Here? The San Diego –Tijuana Mega Region offers an exciting, one-of-a-kind investment opportunity. Here are a few key reasons businesses choose to invest in the region. IMPRESSIVE NEIGHBORS

ONGOING REAL ESTATE DEVELOPMENTS

In addition to major health systems and an extended network of top educational and research institutions including the University of California, major employers in the Mega Region include Qualcomm, SONY, GoFundMe, Kyocera Solar, Solar Turbines, Illumina, General Atomics, Northrop Grumman, Lockheed Martin, and General Dynamics. These powerhouse companies have laid the foundation for future investors who can tap into a highly skilled workforce, utilize effectual supply chains, and drive growth.

The Mega Region offers an ever-growing commercial real estate market with numerous class-A and built-to-suit workspaces throughout the county. Additionally, groundbreaking residential and mixed-use real estate developments in and near downtown San Diego and along our pristine waterfront will provide luxury housing, hotels and desirable high-end office space.

UNMATCHED BUSINESS INCENTIVES

Companies considering a move to the region can benefit from a streamlined permitting process and numerous incentives including the California Competes or Research and Development tax credits offered by the state, the City’s Economic Development Incentive Agreement, or the Manufacturing and R&D Equipment Exemption. DYNAMIC, SKILLED WORKFORCE

San Diego alone is home to six universities that confer nearly 18 thousand bachelors degrees every year. Our world-class universities and research centers foster a talented workforce, attract the brightest academics and produce research that serves as the foundation for numerous paradigm-shifting, life-saving technologies. Combined with over 80 research institutes, nearly 30 incubators, and a private sector ripe with professionals in finance, sales, and marketing, investors in this region have unparalleled access to a diverse and talented workforce.

INNOVATIVE AND ENTREPRENEURIAL SPIRIT

San Diego –Tijuana tops other entrepreneurial cities in its ability to provide hardworking entrepreneurs an environment in which they can thrive personally and professionally. We lead the world in biotechnology, clean technology, sports innovation, defense technology and telecommunications. Other areas also experiencing rapid growth include, cybersecurity, the Internet of Things (IoT) and social innovation. Specific areas of stand-out expertise include genomics, solar and biofuel technologies, wireless communications, unmanned aerial vehicles and mobile health. Forbes’ recognition of San Diego as the “best place to launch a startup” reflects the three C’s that are the hallmark of San Diego’s success: community, creativity and collaboration. Our perfect climate, beautiful beaches and lively city culture fuel our entrepreneurs’ creativity and foster holistic wellness, enabling innovators to leverage their technologies to make the world a better, safer and healthier place to live.

Top: San Diego’s Balboa Park is home to the San Diego Zoo and numerous museums, theaters, educational, and athletic facilities. Bottom: Tijuana’s Centro Cultural Tijuana (CECUT) with a view looking southeast along Paseo de los Héroes.

SA N D I E G O – T I J U A N A M E G A R E G I O N

Key Facts About San Diego ECONOMIC DRIVERS

• Most patent-intensive region in the U.S. • $14.4B advanced industry R&D cluster • #1 city to launch a startup • #1 spot for domestic travel in the U.S., 2016 • $18.3B economic impact of tourism industry • $4.6B economic impact of research institutions • 65% of regional economy made up of local businesses • 25 hospitals TALENT

• 27+ incubators and accelerators • Top 5 research university, UCSD, in U.S. • Top 10 engineering program in U.S., UCSD • 7,000 STEM graduates annually • 17.5K bachelor’s degrees awarded annually • 72K degree-holders added to the region, 2014 • 328K jobs in the military sector • 63K jobs held in scientific R&D and engineering • 18.1% projected growth for software jobs, 2015-2016 GLOBAL CONNECTIVITY

• 6.5M people reside in the Mega Region • #1 busiest port of entry in Western Hemisphere • 135K northbound border crossings processed per day • International airport with direct access to global centers like London, Tokyo, Shanghai, Zurich, and Frankfurt • World’s first cross-border airport terminal between San Diego and Tijuana QUALITY OF LIFE

• #1 shortest average commute time among peer metros • 60% increase in bike commuters since 2005 • 53% increase in walking to work since 2005 • 50+ farmer’s markets per week county-wide • 115+ breweries • 93 18-hole champion golf courses regionally • 37 surf spots • 95 parks and historical sights • 90+ museums • Year-round food, wine, beer, and music festivals

M I P I M 2017

Key Facts About Tijuana ECONOMIC DRIVERS

• Competitive minimum wage (US $4.50/hour) • Low direct manufacturing costs (nearly 4% less than China) • Low average manufacturing labor costs (nearly 20% less than China) • #1 place to do business in Latin America according to World Bank’s 2016 Doing Business Report • Fastest growing city in the state • Software development, animation, video games, and call centers on the rise • Grant, tax exemptions, and tax incentives TALENT

• 35+ public and private universities • 186 technical and high schools with accredited programs in IT, business, engineering, and science • Manufacturing industry accounts for 51% of employment GLOBAL CONNECTIVITY

• 4th largest airport in Mexico and the first with a binational terminal • 3 major ports within 140 miles • 80 international freight companies QUALITY OF LIFE

• Growing brewery and winery region • 3,000+ restaurants • World-class golf courses • Easy access to dozens of surf spots • Affordable ocean-front living

SA N D I E G O – T I J U A N A M E G A R E G I O N

C H E S NU T PROPE RT IE S

Think. Discover. Invent.

M I P I M 2017

C H E S NU T PROPE RT IE S

California’s Next Technology Megaregion. San Diego is becoming a new technology hotspot, attracting companies from all over the world that are realizing the potential of the talent pool and geographical advantages of the area. Millenia Office represents the dawn of the next major business movement in California, situated on 28 acres with huge entitlements in place representing greater than a 2 to 1 FAR. These entitlements, brought forward by motivated city officials would allow for a major business region to be established, where other markets around California are struggling to find space and affordability in desirable locations.

Project Overview Millenia Office is an amenity rich cluster of three world-class campuses designed to facilitate a new paradigm of how and where people want to work. Think. • 2 buildings - 325,000 sqft Total • 37,500 sqft Floor Plates • 4.3/1000 parking ratio • Designed to be a facility solution for unique and innovative educational users

The Invent Campus boasts a 3-level connective floorplate that will allow occupants to move horizontally between all 4 buildings.

Discover. • 1 building - 425,000 sqft Total • Expandable to over 700,000 sqft • 10 floors, up to 47,000 sqft Floor Plates • 4/1000 parking ratio • A multi-faceted campus designed for research, office space, and/or regional hospital uses Invent. • 4 buildings - 725,000 sqft Total • Expandable to over 1,000,000 sqft • Mega floor plates connecting all four buildings • 3.4/1000 parking ratio • A new mega-campus solution inspired by and designed for expanding technology users

Scale, flexibility, affordability... 15 minutes from Downtown San Diego. SA N D I E G O – T I J U A N A M E G A R E G I O N

The Invent Campus features a large solar shade structure on each of the four buildings

C H E S NU T PROPE RT IE S

The location of Millenia Office is truly its greatest strength. Located in the new urban hub of Eastern Chula Vista, Millenia Office offers a pristine environment for work. It is the only mega-scale campus opportunity available in San Diego and is a 15 minute drive to Downtown San Diego and within a 30 minute drive to the other major business markets in the city. This new location offers huge potential for economic advantage in real estate solutions, while offering all the amazing lifestyle opportunities of americas finest city. Users at Millenia Office will be able to tap into a vast pool of talented and highly educated work force that is currently commuting north on severely impacted highways. The ability to work closer to home will save these employees countless hours and significant dollars which translates to increased productivity for employers. Millenia Office is strategically located within the Millenia Master Plan in Eastern Chula Vista which has major construction in multiple districts under way. Millenia will be a vibrant walkable community anchored by food, retail, public parks, hospitality, business, and housing. Millenia is planned for: • • • • •

Up to 3,000 multi-family residences 2 million square feet of Class A office space on 30 acres 1.5 million square feet of retail, hospitality, civic and mixed-use projects Six themed urban parks and a variety of tree-lined promenades, casual gathering places, bikeways, and plazas. Population at build out will be approximately 7,500.

Sustainability and Wellness The vision for Millenia Office is to create an ecosystem where the workplace and nature are mutually celebrated. The Think Campus, breaking ground in fall 2017, will set a new standard for the future of workspace where restorative design promotes health and wellness for occupants and the environment. It is slated to achieve LEED Platinum, as well as a Gold rating under the new WELL Building Standard, which places its emphasis on human wellness and experience.

Financial Goals Chesnut Properties is seeking to establish financial relationships that will assist in achieving the goal of creating this new dynamic business hub for California. Millenia Office sits in a new market region, offering an opportunity for investment to bring and activate a world-class project to a bi-national location. Chesnut Properties is looking for creative strategies and capital relationships that would expedite this process and commence construction on the project. The ultimate goal is for the entire Millenia Office project to be under construction at the earliest date possible. We are seeking relationships immediately that would facilitate this goal.

The Think Campus features 325,000 sqft of space, a cafe/fitness center, and a 1,302 car parking garage. Construction is scheduled to commence in fall of 2017.

M I P I M 2017

C H E S NU T PROPE RT IE S

Think, Discover, and Invent represent a total capital requirement of approximately $730,000,000 USD. The first campus, Think, is 325,000 sqft, with a total capital requirement of $130,000,000 USD. Invent, consists of four connected technology oriented buildings totaling approximately 725,000 sqft and an estimated capital requirement of $330,000,000 USD. The final campus, Discover, slated for world impacting life science and a collaborative bench to bed hospital will be approximately 425,000 sqft with a $200,000,000 USD capital requirement. On the campus with Discover will be the crown jewel, Reside, a luxury, 150 home, mid-rise tower with an approximate $70,000,000 USD capital requirement.

Mary Kay Jordan

Susan Guerra

Principal

Chief Financial Officer

Chief Operations Officer

+1 (858) 523 0694

+1 (760) 579 1425

+1 (619) 312 5848

lee@chesnutproperties.com

marykay@chesnutproperties.com

susan@chesnutproperties.com

chesnutproperties.com

Development Team Lead Developer

General Contractor

SA N D I E G O – T I J U A N A M E G A R E G I O N

Lead Architect

Sustainability Consultant

Landscape Architect

General Contractor

POWER YOUR DRIVE connected ••••• to clean transportation We commend the San Diego Association of Realtors for their commitment to helping San Diegans with home ownership and financial security. We’ve been working toward building a clean and sustainable energy future for our customers. Our new Power Your Drive™ program will help increase the number of electric vehicles in our region. Connect at sdge.com/PowerYourDrive.

campaign headline

AVENIR NEXT CONDENSED, HEAVY typeface

#af1f68

color pallete

PORT OF SAN DIEGO

Chula Vista Bayfront Development Site

Chula Vista Bayfront

A FULLY ENTITLED MASTER PLAN READY FOR DEVELOPMENT

Chula Vista Bayside Park

The Chula Vista Bayfront is located at the south end of San Diego Bay. Approximately 535 acres of industrial Bayfront landscape are being transformed into a thriving destination, complete with resort hotels, a convention center, shopping, dining and a marina. The Port of San Diego and the City of Chula Vista have been partners in this effort to create the largest waterfront development opportunity on the West Coast.

Chula Vista HarborFest

The central portion of the Chula Vista Bayfront is where most of the commercial density will be placed, thus allowing for parks, habitat and low-intensity development. This area can accommodate up to 2,850 hotel rooms, with the majority contained in a resort hotel and convention center. The resort hotel and convention center will also include up to approximately 100,000 square feet of restaurant space, 20,000 square feet of retail space and 415,000 square feet of conference center space. Negotiations are currently in process for the resort hotel and conference center. Additional uses include: • 200,000 square feet of cultural/retail uses • 100,000 square feet of mixed-use commercial recreation/marine-related office uses • 1,100 – 3,000 space parking garage • 225,000 square feet of visitor-serving retail and marina support Future development opportunities include additional retail, industrial business uses, office and open space.

Boating on San Diego Bay

M I P I M 2017

CALIFORNIA

Chula Vista

Mexico

A few ways we are making environmental stewardship a priority include: WILDLIFE AND HABITAT AREAS – Defined habitat buffer zones and/or fencing requirements to protect wildlife refuges, with landscaping and vegetation guidelines for sensitive areas. ENERGY EFFICIENT BUILDINGS – Minimum 50% reduction in annual energy use relative to established state or national standards and a requirement to meet the City of Chula Vista’s higher standards for energy efficiency. BUILDING DESIGN CONSIDERATIONS – Provisions related to maximum height and occupancy; window and structural designs to reduce bird strikes and bird disorientation; and lighting design to reduce impacts on wildlife.

Chula Vista Bayside Park

Additionally, development of the 100-acre northern portion of the Chula Vista Bayfront will focus on lower-scale, environmentally sensitive and environmentally themed uses. Approved uses include a large ecological buffer, an RV Park, a 21-acre signature park, a bike path and pedestrian trails and open space areas.

Public & Community Investment A development of this size also requires significant public infrastructure, including everything from curbs and gutters to streetlights and sewer pipes. We want developers to understand that there’s a plan not only to BUILD the infrastructure, but to PAY for it. Our infrastructure financing plans have also been approved and are ready to accompany private sector development. Our most recently completed infrastructure project was the H Street Extension, an $8.2 million project completed on time and within budget. A primary function of the Port is to ensure public access to the Bay and promote a vibrant and active waterfront. When completed, more than half of the total project area will be dedicated to the public realm– including: parks, open space, habitat restoration/preservation, roadways, promenades, bikeways and water areas. Beautification is another focus for the Chula Vista Bayfront. We recently installed a new monument in Chula Vista Bayfront Park that honors the history of the former South Bay Power Plant. Titled “Powering the Arts,” the 25-foothigh structure is partially comprised of artifacts salvaged from the site of the former plant. Artist and Chula Vista native Michael Leaf created the monument with steel components.

SA N D I E G O – T I J U A N A M E G A R E G I O N

Powering the Arts

The structure is designed for people to stand underneath and look up through it at the sky.

PORT OF SAN DIEGO

Los Angeles San Diego

Environmental Advocacy for the Chula Vista Bayfront

PORT OF SAN DIEGO

San Diego Bay

...innovative, forwardthinking and inclusive, with awards from professional planning, environmental, public affairs and architectural organizations.

Integrated Planning at the Port of San Diego:

FIVE DIFFERENT CITIES, A 50 YEAR VISION, ONE BAY

The Port of San Diego has been conducting an Integrated Planning initiative that spans nearly 6,000 acres of land and water in order to update the Port Master Plan and guide the future of the waterfront. The goal of this process is to set a blueprint for development along the entirety of San Diego Bay. This will create certainty for developers and other community members by streamlining the process for how future projects will fulfill public goals. The Port of San Diego’s Integrated Planning Project has been recognized as innovative, forward-thinking and inclusive, with awards from professional planning, environmental, public affairs and architectural organizations. The Port is more than halfway through the five-year planning process, which has included a robust public outreach process and publishing of a final vision titled “One Bay, Rich Diversity” which outlines our vision and planning principles, and 2015 framework report that will help ensure San Diego Bay is a central environmental, economic and recreational resource, while reinforcing the differences in character and culture in our five Port cities: Chula Vista, Coronado, Imperial Beach, National City and San Diego. During this process, the Port remains open for business. Everything we have achieved in Integrated Planning informs our ongoing planning for the multiple development projects in the pipeline. And we have created a special policy to guide how we review projects as the plan is finalized. Ultimately, the Integrated Planning process and resulting Port Master Plan Update will ensure the long-term development of San Diego’s waterfront enhances the rich diversity of the region.

M I P I M 2017

San Diego’s Waterfront Development Experts The Port of San Diego manages 34 miles of prime real estate along the spectacular waterfront of San Diego Bay. Operating as one of the largest real estate managers in the region, the Port oversees a vast portfolio of tenants from restaurants to retail, yacht clubs to boatyards, marinas to museums. This diverse mix of businesses and attractions includes the San Diego Convention Center and San Diego International Airport, bringing millions of visitors to the area each year. There are always amazing opportunities to grow your business on the Bayfront.

Bayfront Walkway

PORT OF SAN DIEGO PORTFOLIO

PORT OF SAN DIEGO

5,938 acres of property • 2,403 acres of land • 3,535 acres of water Current Development Projects • East Harbor Island – 57 acres of land and water is proposed to be a mixeduse development by Oliver McMillan, adjacent to a hotel complex proposed by Sunroad Enterprises. • Central Embarcadero – a 70-acre land and water parcel in the heart of the city was recently awarded to 1HWY1 for a mixed-use redevelopment project that will include hotels, a waterfront spire and more. • Chula Vista Resort and Convention Center – RIDA Development Corporation was awarded the opportunity to develop a resort hotel and convention center. Negotiations are in process with the developer. • Chula Vista RV Park – this 19-acre parcel within the Chula Vista Bayfront Master Plan is currently in the RFP selection process to award the site to a developer and operator for a destination RV park.

Chula Vista HarborFest

A Dream Destination DISCOVER SAN DIEGO BAY

72 degrees

average daily temperature

8th largest

3.3 million

metropolitan area in the USA residents in San Diego County

SAN DIEGO REGIONAL TOURISM

34.3 million annual visitors

$9.9 billion

in visitor spending

9.96 million

air passengers on 17 airline carriers

254,000 Bayfront Plaza

SA N D I E G O – T I J U A N A M E G A R E G I O N

cruise passengers on 100 cruise ship visits

Santee, California

Santee

California

San Diego County

•

The total package for business

•• Available land for development, offering hightech opportunities, high-profile demographics, and high quality of life. •• Growing city of 56,757 with a 5-mile market area of over 260,000. •• Median household income of $79,865 is 7th highest among cities in the region.

Contact: SA N D I E G O – T I J U A N A M E G A R Epwhite@cityofsanteeca.gov GION

•• Direct access to three regional freeways, in a reverse commute – only 20 minutes to La Jolla beaches, Sorrento Valley, and downtown San Diego. •• Trolley service to San Diego State University, Mission Valley, downtown San Diego and the Convention Center.

(619) 258-4100 ext. 223 • cityofsanteeca.gov 21

Aerial view of future development sites in Santee Town Center.

CITY O F SANTE E

Santee, California Located just 18 miles (29 km) east of downtown San Diego, the Santee is a prosperous young suburban community of 56,700 population offering unique opportunities for future growth. WHAT MAKES SANTEE UNIQUE?

Soon after the city’s incorporation in 1980, the city leaders created a “smart growth” vision for the city’s downtown area. They adopted the Santee Town Center Specific Plan – a “mixed-use” master plan for 700 acres (283 ha) in the heart of Santee integrating commercial, residential and civic uses. They saw the need for bringing retail, business and residents closer together in a community-based lifestyle. Today, just over 30 years later, there remains over 100 acres (40.5 ha) owned by the County of San Diego, slated for future sale and development for office, commercial and residential uses. This property is situated along the scenic San Diego River, in Santee’s downtown core. There is also a 13-acre (5.3 ha) downtown site slated for sale by the Santee School District. These sites present a rare opportunity to shape the downtown of a thriving young community in Southern California.

The centerpiece of the Santee Town Center area is the Santee Trolley Square shopping center, comprising 500,000 square feet (46,450 m2) of restaurants and national chains stores such as Target, Barnes and Noble, DSW, Old Navy and Bed Bath & Beyond. There is also a power center anchored by Costco, Walmart and Home Depot. The 5-mile (8 km) radius market area has over 260,000 population REGIONAL ACCESS

Accessibility is a key attribute for Santee, with direct freeway access to three regional freeways, and quick access to the Interstate 8 freeway traversing the region. From Santee, it is only 20 minutes to downtown San Diego, or to the beaches of La Jolla, or the “silicon valley” businesses of Sorrento Valley. Santee is also served by the San Diego Trolley, the regional light-rail system that links the Santee Trolley Square shopping center to San Diego State University, Mission Valley, downtown San Diego and the San Diego Convention Center. Mixed uses, transit services and pedestrian orientation are just a few of the smart growth practices within the Town Center area and throughout the community.

M I P I M 2017

Santee is home to the world-renowned Santee Lakes Reclamation Facility which produces 2 million gallons (7,570,823 liters) of reclaimed water each day. Almost half of this valuable resource is used to water Santee’s parks, downtown fountains, tree-lined medians, and street landscaping, through an expansive network of reclaimed water pipes, and for sweeping the streets as well. The seven man-made lakes that comprise the beautiful Santee Lakes Recreation Preserve also use this precious resource of reclaimed water. A state-of-the-art water purification facility is underway which is slated to provide potable water resources for future needs. ECONOMIC SUSTAINABILITY

In the past five years, HD Supply opened offices adjacent to Santee Trolley Square, followed by San Diego Christian College, a 4-year private accredited college, and ParcOne Santee, featuring 172 LEED-inspired apartments – all walking distance to the San Diego Trolley. Within that same block, plans have been approved for a 112,500 square foot (10,452 m2) Karl Strauss Brewery headquarters facility with brewery operations, tasting room, restaurant and event center. City officials are also pursuing plans to acquire property next to the Karl Strauss Brewery for a future multi-plex theater.

Golfers at Carlton Oaks Country Club in Santee.

SA N D I E G O – T I J U A N A M E G A R E G I O N

Another economic driver is local tourism which generates over 1 million visitors annually locally.

CITY O F SANTE E

Santee has developed a vibrant and stable local economy with a balance of retail, commercial, and residential uses in the downtown core, complemented by industrial business parks serving primarily advanced manufacturing and machining businesses. The City recently invested over $24 million to upgrade Prospect Avenue industrial corridor. This corridor is adjacent to one of the County’s busiest general aviation airports, which is also undergoing redevelopment and expansion.

Santee at a Glance • Population of 56,700, with a 4.7% growth over the past five years. Families comprise 72% of households – the highest percentage in the region. • The 2015 median household income is $79,865 – the 7th highest median income among cities in San Diego County. • Single-family homes comprise 64% of housing stock with 71% of the homes owner-occupied – among the highest percentages in the region. • 2016 median price for single-family homes in Santee was $465,000 – a 6.1% Increase over 2015, compared to the 2016 median home price for San Diego County of $539,000. • The median age of residents in Santee is 38.7 years old, with 22% under 18 years, and 14% 65 and older. Almost one-third of the population is under 25 years of age.

CITY O F SANTE E

• Santee is a family-based community with award-winning schools, a stable local economy and one of the lowest crime rates in the region.

In the past year, 22,000 square feet (2,044 m2) of new retail centers have been added, and 108,000 square feet (10,033 m2) of new industrial development is under construction. A new residential project of 415 homes (Castlerock) is under construction and that is part of close to 1,000 new homes in the “development pipeline,” ranging from affordable townhomes and condominiums to single-family developments to luxury custom homes. Santee has a total of 154 national chain retailers and restaurants, with 24 national chains added since 2014. There is less than 3% vacancy for 11 major retail centers in the city, with four centers 100% leased. Total taxable sales in 2014 increased 18.5% over the prior year, with positive trends for other indicators. 1 MILLION VISITORS ANNUALLY

Another economic driver is local tourism which generates over 1 million visitors annually locally. Santee Lakes Recreation Preserve on 194 acres draws 670,000 visitors annually for picnicking, fishing, boating, Recreational Vehicle camping, and for overnight stays in the cabins on the lakes. Santee Sportsplex USA, a premier sports complex situated

Homes in Sky Ranch overlooking the Santee community.

on 15 acres in Santee Town Center, draws over 360,000 visitors annually for sports leagues, tournaments, and corporate events, generating over 28,000 hotel room nights annually as well. DEVELOPMENT POTENTIAL

Santee offers a development opportunity unparalleled in the San Diego region: Available land for development within a downtown core, high-profile demographics, high tech potential, and high quality of life. In addition to future projects such as the Karl Strauss Brewery, the multiplex theater, and additional transitoriented residential development, there remains over 100 acres (40.5 ha) of County-owned property in Santee Town Center, which is slated for future sale and development for office, commercial and residential uses. Additionally, there is also a 13-acre (5.3 ha) downtown site slated for sale by the Santee School District. Santee has the potential to become a premier business location in San Diego County, providing the right environment for high growth companies.

M I P I M 2017

connected ••••• to community We applaud the San Diego Association of Realtors for helping San Diegans find the home of their dreams. At our Energy Innovation Center both you and your clients can discover something new. Take one of our free seminars on renewable energy and sustainability, water-saving landscaping, lighting, and even electric bicycles. Or stop by to take a tour of our “smart home” and explore the latest in energy efficiency and home automation. Connect at sdge.com/eic.

When the chance to develop Lantern Crest came along, I saw it as an opportunity to offer our parents and grandparents a better way to live. A beautiful place full of life and vibrancy with all the amenities, features, and services they could want or need.

Lantern Crest, East San Diego County’s Premier Luxury Senior Living community is nestled on 34 acres of rolling hills. Located in a natural setting with panoramic views and easy access to all major freeways, this recently built and still expanding community is only 18 miles from downtown San Diego. Residents enjoy the attractions and excitement of urban living, recreational opportunities and serenity of country life. Lantern Crest offers a wide variety of senior living choices for all seniors. The Point at Lantern Crest, showcasing its Tuscan-influenced architecture, offers resort-style, one-bedroom and two-bedroom/two bath residences for Independent Living lifestyles. The Ridge at Lantern Crest, with its Mission-style architecture, provides caring Assisted Living and Memory Care services in its studio and one-bedroom apartments. Lantern Crest’s Villas offer Retirement Villas for those residents wanting their own homes with garages along with no “house trappings” providing the best lifestyles for active seniors.

GRA NT REA L ESTATE

MICHAEL GRANT M . G R A N T R E A L E S TAT E

Lantern Crest / M. Grant Real Estate

M I P I M 2017

GRA NT REA L ESTATE SA N D I E G O – T I J U A N A M E G A R E G I O N

GRA NT REA L ESTATE

M I P I M 2017

GRA NT REA L ESTATE SA N D I E G O – T I J U A N A M E G A R E G I O N

Leading San Diego Gas & Electric® (SDG&E®) is committed to supporting our region’s diverse communities. We strive to meaningfully improve the quality of life and the environment in the communities we serve through corporate philanthropy, community engagement, volunteerism and collaborative partnerships with non-profit organizations. SDG&E has initiative-based giving guidelines that support programs that help to: • Develop environmental stewards, • Inspire future leaders, • Expand clean transportation, • Enhance emergency preparedness and safety, • Provide food, shelter, and social services to those most in need, • Support active-duty military families and veterans, and • Improve economic development. Our employees are passionate about volunteering in our local communities. Through the Volunteer Incentive Program employees can volunteer to support their favorite charity or school. Our giving program allows employees to make contributions to local charities and designate their gift to a specific event or fund. For more information, connect at sdge.com/community or #SDGEgiving. Twitter.com/sdge Facebook.com/SanDiegoGasandElectric Instagram.com/sdge

together. connected ••••• to sustainability Congratulations San Diego!

40% of our energy comes from renewable sources, 3 years ahead of California’s 2020 deadline. And you continue to lead in clean energy:

23,000 plug-in electric vehicles and growing. 100,000 rooftop solar installations and growing. Together, we’re making a better San Diego. To learn more, connect at sdge.com/environment.

M I P I M 2017