Trader Joe’s no longer part of current Carmel Valley One Paseo plan

By Karen Billing

Trader Joe’s is no longer a guaranteed anchor tenant for the One Paseo project. Kilroy Realty had announced the specialty grocery store as a signed tenant for its mixed-use project planned for the corner of El Camino Real and Del Mar Heights Road last year.

“Great projects like One Paseo attract great tenants and we were able to bring Trader Joe’s to Carmel Valley. However, the delays caused by uncertainty in San Diego and the approval process of One Paseo has caused Trader Joe’s to exercise an option to look at other locations such as Pacific Highlands Ranch,” Kilroy said in a statement. “We will begin discussions with Trader Joe’s once again when the timing is more certain.”

One Paseo’s current plans for the project are 1.4 million square feet, more than the 500,000-square-feet of office space that is currently entitled in the community plan. One Paseo’s plans include 246,500-square-feet of retail, 484,000-square-feet of office space, 608 residential units, sidewalk and crosswalk enhancements, and a “Main Street” element for Carmel Valley.

The project is still under city review and portions of the Draft Environmental Impact Report will be re-circulated in the coming months, including the city’s request for a study of an alternative that ranges from 600,000 to 800,000 square feet.