On one of the country's most expensive retail streets, competing developers are investing heavily in stores and restaurants to lure wealthy residents from Pacific shore homes to San Diego's Del Mar Heights neighborhood.
High-end retail and dining tenants are opening at developer Kilroy Realty Corp.’s $650 million mixed-use One Paseo development amid extensive office and apartment construction. Next door, Donahue Schriber is in progress on a $120 million expansion that is planned to bring in 40 new shops and restaurants at its Del Mar Highlands Town Center retail property, which had been the only shopping center in the neighborhood for years.