{"id":1004101034,"date":"2014-07-23T19:59:57","date_gmt":"2014-07-24T03:59:57","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=279010"},"modified":"2022-12-06T14:00:48","modified_gmt":"2022-12-06T22:00:48","slug":"developers-break-ground-on-120m-border-project-linking-san-diego-and-tijuana","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/developers-break-ground-on-120m-border-project-linking-san-diego-and-tijuana\/","title":{"rendered":"Developers Break Ground on $120M Border Project Linking San Diego and Tijuana"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

After nearly six years of planning, a $120 million project is under way at the border crossing between Tijuana and San Diego. Developers have started work on the Cross Border Xpress, a \u00a0 a 390-foot-long pedestrian bridge to Tijuana International Airport. The project is the first facility in the United States that connects directly to a foreign airport terminal. Otay Tijuana Ventures L.L.C., an entity backed by investors from the U.S. and Mexico, is the developer and operator.<\/p>\n

Plans call for a 95,000-square-foot project, of which 65,000 square feet will be designated as indoor and outdoor patio area. The property will offer retail, food and beverages, bilingual customer service, and both short-term and long-term parking. Cross Border Xpress will be enclosed with divided north\/south corridors.<\/p>\n

\"\"<\/a> According to Jerry Sanders, President & CEO of the San Diego Regional Chamber of Commerce, the project aims to remedy border crossing delays and wait times that have produced \u201ca real and tangible impact on the economy of our region, as well as our quality of life.\u201d<\/p>\n

Serving nearly 2.4 million passengers, the bridge will ease congestion at the San Ysidro and Otay Mesa land ports of entry. Cross Border Xpress will also provide travelers with access to the 30 routes available at Tijuana International Airport. Backers say that the project will boost Tijuana\u2019s industrial, tourism and commercial platform while consolidating its position as a Maquiladora destination.<\/p>\n

The developers sourced construction financing from Bancomext and Invex. On the San Diego side, Turner Construction and Hazard Construction will handle construction, while the Tijuana end will be \u00a0<\/span>carried out by Grumesa S.A. de C.V. \u00a0Legoretta + Legoretta is the project’s architect.<\/p>\n","protected":false},"excerpt":{"rendered":"

After nearly six years of planning a unique project recently broke ground in the San Diego area. Developers have officially started work on the Cross Border Xpress, a $120 million private venture that will build a new elevated, pedestrian bridge for Tijuana International Airport. The project is the first facility in the U.S. that connects directly into a foreign airport terminal. The development company is Otay Tijuana Ventures LLC, an entity supported by shareholders from both America and Mexico.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1608],"tags":[1815],"class_list":["post-1004101034","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-diego","tag-national"],"acf":[],"yoast_head":"\nDevelopers Break Ground on $120M Border Project Linking San Diego and Tijuana - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/developers-break-ground-on-120m-border-project-linking-san-diego-and-tijuana\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Developers Break Ground on $120M Border Project Linking San Diego and Tijuana\" \/>\n<meta property=\"og:description\" content=\"After nearly six years of planning a unique project recently broke ground in the San Diego area. Developers have officially started work on the Cross Border Xpress, a $120 million private venture that will build a new elevated, pedestrian bridge for Tijuana International Airport. The project is the first facility in the U.S. that connects directly into a foreign airport terminal. 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