# Costa Verde Center

University City, MO · strip · tier: draft · Retrofit Atlas record `n-698a56088f` · release 2026-10-21

Canonical: https://retrofitatlas.org/strips/mo/university-city-costa-verde-center/  
JSON: https://retrofitatlas.org/data/records/n-698a56088f.json · Provenance: https://retrofitatlas.org/data/records/n-698a56088f.provenance.json · API: https://retrofitatlas.org/api/v1/sites/n-698a56088f

## Facts

| Field | Value | Provenance |
|---|---|---|
| Status | proposed | reported · model extraction, unreviewed |
| Strategy | redevelop | none |
| New use | hotel, housing, retail | none |
| Original developer | Guaranty Service Corporation | reported · model extraction, unreviewed |
| Redeveloper | Cass Street Venture LLC | reported · model extraction, unreviewed |
| Zoning change | The site was upzoned to 218 residential units per acre in the 2024 University Community Plan Update. | reported · model extraction, unreviewed |
| Entitlement year | 2025 | none |
| Planning notes | Approved by San Diego City Council. | none |

## Parties

- Cass Street Venture LLC — developer

## Timeline

- 1986: A master plan for the superblock was prepared by local San Diego architecture firm SGPA Architecture & Planning for Dallas-based Guaranty Service Corporation, named “The Costa Verde Specific Plan,” an
- 2020: Jacksonville-based owners of the strip mall Regency Centers applied for an amendment of this type, accompaniedied by renderings like below.
- 2021: Regency Centers sold the site completely to Alexandria for $125 million.
- 2025: Alexandria sold the site to GM Residential Partners LLC for $124 million in January 2025.
- 2025: The master plan was approved by the San Diego City Council on October 23, 2025 to flat-out remove the strip mall property entirely from the Costa Verde Specific Plan.
- 2026: Demolition of the still standing but abandoned strip mall is planned to finally begin in early 2026.

## Deals and debt

- 2025 sale: 124000000.0 GM Residential Partners LLC ← Alexandria Real Estate Equities  https://buildsd.org/journal/costa-verde-center-past-present-future
- 2021 sale: 125000000.0 Alexandria Real Estate Equities ← Regency Centers  https://buildsd.org/journal/costa-verde-center-past-present-future

## Sources

- Costa Verde Center: Past, Present, Future - BuildSD — https://buildsd.org/journal/costa-verde-center-past-present-future

## Cite

Retrofit Atlas (2026). "Costa Verde Center, University City, MO." Record n-698a56088f, release 2026-10-21, tier draft. https://retrofitatlas.org/strips/mo/university-city-costa-verde-center/ (accessed 2026-10-21).

```bibtex
@misc{retrofitatlas_universitycitycostaverdecenter,
  title = {Costa Verde Center, University City, MO},
  author = {{Retrofit Atlas}},
  howpublished = {\url{https://retrofitatlas.org/strips/mo/university-city-costa-verde-center/}},
  year = {2026},
  note = {Record n-698a56088f, release 2026-10-21, tier: draft. Built on the Retrofitting Suburbia map (Dunham-Jones and Williamson) and the sources listed on the record. Accessed 2026-10-21}
}
```

Licence: research use only; terms undecided with the authors (https://retrofitatlas.org/licence/). Wikipedia text CC BY-SA 4.0. Tiers: curated = from the authors' public map, not reviewed by them; draft = imported or model-extracted, unreviewed.