Real Estate BISNOW, 10.31.12
"Structurally reinforce the Old Police Headquarters building, that's what. Terramar Retail Centers launched the next phase of a $40M adaptive reuse project, transforming the site into The Headquarters, a 100k SF shopping, dining, and entertainment destination in the Seaport District.
Originally built in 1939, the facility housed the SDPD until 1987 and needs to be brought up to code, CEO Steve Bowers told us on Friday. This phase, shoring up foundations and walls, will last through early next year, when Terramar will turn the space over to tenants to begin building out stores and restaurants. Because it’s historic, the company needs to preserve the architectural integrity of the facades, rooflines, landscaping, and other components. Meanwhile, good retailers have a specific vision regarding space size, storefronts, merchandising, lighting, and circulation, Steve notes. “We have to try to provide all of that to make the tenant successful in the historic boundary of this project..."