Join the Conversation: Explore Key Insights From Q3 2025 Stakeholder Newsletter

Discover How Progress Park Shapes the Future of San Diego’s Waterfront

Update Progress Park: A Catalyst for Waterfront Revitalization San Diego's waterfront has recently welcomed a new gem: Progress Park, a 1.5-acre public space strategically located at the intersection of Broadway and North Harbor Drive. This park marks a significant chapter in the ongoing transformation of San Diego’s coastal landscape, serving as an essential component of IQHQ's expansive $1.9 billion Research and Development District (RaDD). With its lush open lawns, amphitheater-style seating, and a pavilion designed for community events, Progress Park not only enhances the architectural character of the RaDD but also aims to foster a vibrant community atmosphere. Revamping the Urban Landscape The inception of Progress Park is a response to the urban needs of the evolving community. IQHQ, the real estate investment firm behind this vision, acquired a substantial portion of the former Navy Broadway Complex and sought to revitalize the area by integrating green spaces within a bustling mixed-use development. The park serves as a new communal hub, inviting locals and visitors alike to engage with the waterfront in fresh and meaningful ways. The Synergy of Lab, Office, and Retail Spaces Adjacent to Progress Park, the RaDD spans an impressive six city blocks and includes five lab and office buildings combined with retail spaces. Half of the projected 200,000 square feet of retail space is already leased, signaling robust interest from brands like Rivian and Equinox. This convergence of labs, offices, and retail forms a holistic environment that aligns with modern workforce demands for accessibility and collaborative experiences. As the landscape changes, there is an increasing need for innovative spaces that encourage interaction not just among businesses, but within the community itself. The Drive for Economic Growth The opening of Progress Park and the RaDD project encapsulate a commitment to economic revitalization. As stated by IQHQ SVP of Leasing, Jeff Oesterblad, this significant investment aims to unite San Diego's innovation ecosystem with a growing workforce demand in STEM fields. With high-tech firms and life sciences thriving in the area, the waterfront's transformation contributes to San Diego’s reputation as a global center for innovation. Community Benefits: What This Means for Locals The benefits extend beyond the immediate commercial gains; the development emphasizes wellness, sustainability, and cultural enrichment. Features of Progress Park aim to host local events and activities that engage the public and create a sense of ownership among community members. Investments in public spaces highlight the desire for a vibrant, connected community—something that has been recognized in various urban redevelopment projects across the nation. A Historical Perspective: Evolution of San Diego's Waterfront Since the early 2000s, the revitalization of Downtown San Diego has been a cornerstone of urban planning efforts, transforming once underutilized areas into dynamic hubs for business and leisure. Projects like the North Embarcadero Visionary Plan and Waterfront Park have set momentum, showcasing the city's commitment to sustainable growth while leveraging its natural resources. The Progress Park and RaDD complements this strategy by contributing to a balanced urban ecosystem where business and recreation intersect. Future Predictions: What Lies Ahead? As Progress Park takes its place in San Diego’s competitive landscape, one must consider its future impact. Will this green space drive additional local investments or even attract tourism? The mixed-use components are poised to draw even more attention as lifestyle trends shift towards urban living, gathering spaces, and integrated work environments. Companies are seeking locations that not only provide work facilities but also foster a collaborative culture and community engagement. Exploring Possibilities: Making the Most of the Waterfront For residents of nearby areas like Bakersfield who contemplate San Diego's growth, understanding this balance of innovation and leisure becomes crucial. As companies like IQHQ continue to develop the waterfront, there are opportunities for individuals to explore not only business ventures but also lifestyle shifts that accompany urban redevelopment. The role of accessible parks and mixed-use environments cannot be overstated; they are pivotal in shaping the quality of life for new residents and long-term inhabitants. Call to Action: Experience San Diego's Rebirth As the evolution of San Diego’s waterfront progresses, locals and visitors are encouraged to engage with the community through upcoming events in Progress Park. Whether you’re interested in the latest innovations at RaDD or simply looking to enjoy the open spaces, your involvement is integral to molding the future of this vibrant coastal city.