Main Street Project - #6 on Map

Located at the northwest corner of Main Street and Magnolia Avenue, the 12.0 acre site was the first of two downtown corners to receive redevelopment funding. 

In 1990, the site was selected as the location of a community commercial center that would feature a full service grocery store, four fast food restaurants, a bank, and various in-line retail shops.  The Agency acquired the project site, relocated businesses and tenants, and demolished existing structures on the site in preparation for development. 

By 1992, the Agency had accomplished this phase of development, completed negotiations with a developer, and sold the entire 12.0 acres to Smiths Food and Drug under a Disposition and Development Agreement.  Smith’s completed phase one on-site improvements, including the 74,000 square foot grocery store, all parking and landscaping, and the construction of the in-line retail shops. The grand opening of the project occurred in April 1994.  Phase two of the development included construction of Hometown Buffet and the San Diego County Credit Union. In 1996, after a reorganization of Smith’s Food and Drug, the Agency re-acquired two parcels at the northwest corner of the property and entered into negotiations with Hollywood Video, which opened in 1996.  The parcel fronting West Main Street was sold to Priest Development Corporation for $65,000 under a Disposition and Development Agreement to develop a 14,000 square foot mixed use building at the intersection of Main Street and Magnolia Avenue.  The building contains commercial and retail spaces located on the ground level and office space on the second floor. Tenants include Starbucks, Quizno’s and First American Title. The Agency has invested nearly $21.2 million into this highly successful project.



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