Mission Valley Riverwalk

The Riverwalk Specific Plan was adopted November 17, 2020. Its roughly 195-acre planning area is the basis for the source article's 4,300 homes, 152,000 square feet of retail, one million square feet of office/non-retail commercial space and approximately 97 acres of parks, open space and trails.[13]

The October 2025 Hines announcement, republished on the project site, instead uses a rounded 200-acre description, 150,000 square feet of retail and 110 acres of parks/open space including a 60-acre regional park. The February 2026 project update returns to 152,000 square feet, approximately 97 acres and a 55-acre regional park. These different first-party descriptions are not interchangeable; none is silently treated as an amendment to the adopted plan.[16][17]

The plan links the community to the San Diego River Pathway and a new trolley stop. The project retains part of the golf course during phased construction rather than replacing all golf operations at once.[13][16]

Plan area

Approximately 195 acres in the adopted Specific Plan; Hines' October 2025 announcement uses 200 acres

Proposed / planned · Source ↗

Residential capacity

4,300 homes at buildout

Proposed / planned · Source ↗

Commercial capacity

152,000 square feet of retail and 1,000,000 square feet of office/non-retail commercial space in the adopted plan

Proposed / planned · Source ↗

Open-space framework

Approximately 97 acres of parks, open space and trails in the adopted plan; do not substitute the 110-acre promotional description without explaining the source difference

Proposed / planned · Source ↗

Development partnership

Hines and longtime landowner the Levi-Cushman family; the October 2025 financing report identifies Affinius Capital as equity partner

Reported by cited source · Source ↗

Initial work began in September 2022. The project's May 2024 update says Friars Road improvements, utilities, roads, stormwater facilities and building pads were complete, while building work awaited permits and financing. The Union-Tribune describes a 2024 construction pause after $90 million of infrastructure work.[14][18]

The Union-Tribune's October 28, 2025 report and the project's October 2025 announcement document $380 million in construction financing and a restart that month. AMSI's statement that construction resumed in 2026 is therefore corrected, not carried forward as a second restart.[14][17][20]

Construction financing

$380 million: $278 million senior loan from Bank OZK and $102 million mezzanine loan from Related Fund Management; announced October 2025

Confirmed in cited source · Source ↗

Financed residential phase

721 market-rate homes across four buildings, described in October 2025 as apartments and townhomes; the separately funded affordable project is not included in that count

Proposed / planned · Source ↗

Initial public and retail space

Village green/central plaza and 75,000 square feet of grocery-anchored retail

Proposed / planned · Source ↗

Original phase forecast

Spring 2029 grand opening/completion and first homes in spring 2028, as announced in October 2025; not a completed milestone

Proposed / planned · Source ↗

The original 190-home affordable component is The Becker, developed with Wakeland. The October 2025 announcement and April 2026 update both use 190 homes; the February 2026 update says 188 apartment units. The inconsistent count is disclosed rather than resolved by guesswork. Riverwalk's February update states a total buildout commitment of 430 affordable homes.[15][16][17]

In its April 29, 2026 update, the project team describes framing at The Becker, concrete work at The Village and early site work for a separate 276-home for-sale townhome component. It forecasts first Becker residences in July 2027, Village residential/retail openings between February and December 2028, and first for-sale townhomes in 2028.[15]

The April update expects the MTS Green Line station to open with The Village and says the golf course will remain open for another 7–10 years before a future 95-acre public park. That wording differs from earlier park descriptions and does not supply one guaranteed full-buildout date. AMSI's broader expectation of work extending into the 2030s remains a dated forecast.[15][20]

Affordable buildout commitment

430 homes; the October 2025 Union-Tribune report attributes the requirement to the 2020 City development agreement and specifies households at or below 65% of area median income

Reported by cited source · Source ↗

The Becker

190 affordable homes in the October 2025 and April 2026 project statements; February 2026 instead reports 188 apartment units; no reconciliation is provided

Proposed / planned · Source ↗

The Village, April 2026

721 apartment homes and approximately 75,000 square feet of retail/restaurants/grocery; openings forecast for February–December 2028

Proposed / planned · Source ↗

Separate for-sale component

276 townhomes and a 1.5-acre public park in the April 2026 update; not folded into the 721-home financing count

Proposed / planned · Source ↗

Transit

Future MTS Green Line station, planned to open with The Village; October 2025 announcement identifies a $41.1 million AHSC grant accelerating the station

Proposed / planned · Source ↗