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East Village Gets New Italian Restaurant; Open Houses to See This Weekend

This week's local real estate news


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East Village's Común Kitchen & Tavern is being transformed into an Italian restaurant. | Photo by Sam Wells

Tracking Turnover

Italian concept replaces Chad White’s former East Village restaurant

The space that Chad White left behind when he closed Común Kitchen & Tavern is being transformed into an Italian restaurant.

Salvucci’s Ristorante will open in May on the corner of Tenth Avenue and J Street, and is the newest culinary concept from RMD Group, the company behind Fluxx nightclub, Rustic Root, and Don Chido. The restaurant is named after the grandparents of an RMD partner, and the menu will be based on family recipes: handmade gnocchi, whole branzino cooked in parchment paper, and pizzas like the “fig and pig,” made with smoked bacon, figs, and fontina.

It’s exciting to see how the company that brought a fun rooftop bar decorated with topiary to the Gaslamp will redesign the space. Mike Georgopoulos, partner at RMD Group, said in an email that the design elements will be centered around family photos, and that they’ve removed the self-serve craft beer station that was an attraction at Común. “Although all of our RMD venues have a great focus on craft beer, Salvucci’s curated beverage program will specifically focus on Californian and Italian wines,” he said.

Last fall, there were three high-profile, back-to-back restaurant closures on this block in the East Village, but Georgopoulos said this isn’t a concern and that Salvucci’s is well-suited for the neighborhood. “In all of the cases that we are aware of, the neighborhood supported the restaurants—that was seen in each one’s top-line revenue,” he said. “The trick in the restaurant business is to balance that top-line revenue with the costs associated with running a restaurant. We believe we can do that.” 

Along with the recent opening of Oscars Mexican Seafood next door and the sale of the former Table No. 10 space to The Patio Restaurant Group, is a restaurant revival on its way for this pocket of the East Village?

“East Village was significantly lacking in fast casual, that and more bar-centric concepts seems to resonate more in the area vs. 'Top Chef-style' dining,” said Mike Spilky, president of real estate firm Location Matters.

“The RMD Group has a reputation of being great bar operators, and I can only guess that their concept will be rich with a unique drinking program and an atmosphere to boot,” Spilky said. “Not sure I would use the word revival just yet, but it looks as though things are headed in the proper direction."

 

Word on the Street

The space for an 8,000-square-foot restaurant at the new airport rental car center is still up for grabs. |  Photo courtesy of San Diego County Regional Airport Authority

Restaurant space atop the airport’s rental car center still not leased

At the end of 2014, the San Diego County Regional Airport Authority announced it was making room in its massive rental car center for a spacious restaurant with views of the runway and its own dedicated elevator. Even though a similar dining concept at the Lexus dealership in Escondido has been successful, when the 530,500-square-foot rental car center opened in January, there were no takers.

The airport authority recently sent out invitations to members of the media for an event at the rental car center on Monday. The invitation says: “Unveiling of a new destination space,” so I initially thought a restaurant tenant was going to be announced. However, I received confirmation that the nearly 8,000-square-foot space is still available.

Why are no restaurateurs looking to take on the project? Would you visit a drinking and dining establishment here? Tell us your thoughts in the comments!

 

House Hunting

Take a break from browsing design photos on Pinterest and go peek inside people’s homes (legally!) to see what they’ve done with the interior, yard, and remodeling projects. You can also discover how much it costs to live in certain neighborhoods around the county. Right now, the average home price in San Diego County is $549,000, according to according to the National Association of Realtors.

 

This Clairemont home has been extensively remodeled. | Photo by Big Block Realty/Screenshot from Redfin

Close to the median price is this one-story home in Clairemont, one of this year’s hot neighborhoods. It has an open floor plan and a covered patio, and it’s clear the previous owner invested a lot in upgrading the kitchen and master bath. See it on Saturday, March 26, from 1 to 4 p.m.

 

You could live in Del Mar for much less than the neighborhood’s median home price. | Photo by Berkshire Hathaway HomeService/Screenshot from Redfin

We found a deal in Del Mar: A three-bedroom, three-bath townhouse for $595,876. When the average listing price for a home in Del Mar is $2 million, this property is definitely worth a look. See it on Saturday, March 26, from 1 to 4 p.m.

 

This Del Sur home has a clear view of Black Mountain Ranch. | Photo by Keller Williams SD Metro/Screenshot from Redfin

Over in Del Sur, $665,000 can get you a two-story home that overlooks Black Mountain Ranch. The eco-friendly home is fitted with rooftop solar panels and a tankless water heater. See it on Saturday, March 26, from 1 to 4 p.m.

 

News Bites

  • Real estate consultants and developers are showing a huge interest in the chance to makeover Seaport Village.

  • Costa Verde Center in UTC is getting a major makeover, and new plans could include a hotel.

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San Diego real estate news and gossip, from businesses opening and closing around town, to the neighborhoods that are buzzing with construction and which homes and buildings are being sold and where. Parklets, placemaking, lofts, design, cool workspaces, cool living spaces, big buildings, and tiny homes are things we find fascinating, especially right now in San Diego. The cranes are back in the downtown skyline, and so are many of our sources in the real estate industry, so you might see a heavy bent towards the urban neighborhoods here. But we see you up there, Torrey Pines Mesa. We know about your new companies, institutes, and hidden foodtrucks in office parks and cool cafes on the bluffs. And Del Mar and Carlsbad and everywhere in between. If you see a “For Sale” sign or a “coming soon” sign that we should know about, or just have a question about a building or a place, send an email our way.

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