September 15, 2017— RAF Pacifica Group, a San Diego-based owner, operator, and developer of commercial real estate, has broken ground on three new developments in Carlsbad, California totaling more than $75 million. The developments include the first ground-up creative office project in the submarket, according to Adam Robinson, Founder and Principal of RAF Pacifica Group, as well as one of the firm’s signature Creative Industrial™ properties, and a creative build-to-suit for local fashion brand San Diego Hat Company.
“The Carlsbad market is brimming with tenant demand for highly functional, truly creative space, and we are the first in the market to begin meeting that demand,” says Robinson. “Over the last several years, Carlsbad has undergone rapid growth and expansion, and has quickly become a hub of innovation for companies in the tech, life science and biotech industries.”
Robinson notes that Carlsbad has the highest population of tech firms in all of North County, with biotech and life science sectors coming in a close second.
“Despite this rapid growth throughout the region, there is relatively no creative product in the pipeline with the exception of our developments,” Robinson explains. “We recognize that there is a tremendous opportunity to fill a deep need in the market, and for that reason we are actively developing more than 750,000 square feet of highly creative product in Carlsbad alone.”
RAF Pacifica Group is also developing in San Marcos and Solana Beach, and has more than one million square feet of projects underway throughout Southern California.
“Our new developments cater to the needs of today’s tenants in ways that traditional industrial and office space can’t,” says Robinson.
New Creative Office Project – lift
RAF Pacifica Group’s “lift” project will be unlike anything else in the region, according to Robinson.
“The project will give office users a hub of innovative, amenity-rich space that integrates lifestyle elements such as on-site fitness and restaurants with open-plan, high-end space and energy-efficient buildings in a communal quad atmosphere,” he explains.
lift is planned as a two-story creative office property comprised of 44,797 square feet of unique office space and 8,496 square feet of restaurant space. The project will offer on-site entertainment and wellness options, with ocean views and one-of-a-kind outdoor amenities. The estimated development cost is 26 million. lift is anticipated to be completed in 2018.
New Creative Industrial Projects
In addition to creative office, RAF Pacifica Group has broken ground on two industrial projects in Carlsbad.
“Our Creative Industrial™ properties offer a combination of creative elements and highly functional industrial space, which enables tenants to save costs and increase efficiency by consolidating their corporate headquarters and operations into one premier location,” Robinson explains.
The firm’s cre•ate project will encompass approximately 146,108 square feet, combining the latest in creative office with highly functional industrial features. The estimated development cost is 34 million.
The building will feature eight dock-high doors, four grade-level doors, 30 inch clear heights, ESFR sprinklers, and a parking ratio of 2.54/1000 square feet. It will also include a floor-to-ceiling glass entry, modern finishes, and outdoor amenities to encourage collaboration. cre•ate is anticipated to be completed in the second half of 2018.
RAF Pacifica Group is also developing an 83,000 square-foot Class A distribution build-to-suit for the San Diego Hat Company, a design-driven brand featuring fashionable and functional headwear and accessories.
The project will incorporate 10,000 square feet of unique office and mezzanine space, integrating glass windows to highlight the property’s panoramic views of the city to the south and west. The building will also be constructed with highly functional industrial features including dock loading doors, and 28 foot clear heights, as well as a variety of outdoor amenities to encourage collaboration and innovation.
Estimated development costs are 15.6 million. The build-to-suit project is anticipated to be completed in the second quarter of 2018.