Cover Story
MANCHESTER FINANCIAL GROUP A Year of Achievements
In 2020 , Manchester
Financial Group was proud to announce the completion of the Navy Region Southwest Headquarters at Manchester Pacific Gateway , a three millionsquare-foot mixed-use development with office , hotel and retail . The building was delivered on time and on budget and the Navy moved in to their 17-story 373,000 square-foot office building in October . The next step is the demolition of the original 1920s Navy Headquarters in January 2021 . “ We are excited and pleased with our new , state-of-the art facility ,” said Rear Admiral Bette Bolivar , Commander , Navy Region Southwest .
Manchester Financial Group was also pleased to announce IQHQ ’ s plan to develop a mega life science campus within the masterplan . “ This incredible development will be the catalyst for biotech to relocate to downtown San Diego and will be the driving force for life sciences growth and expansion ,” Papa Doug Manchester , Chairman of Manchester Financial Group shared with GB Magazine . “ With the entrepreneurism and leadership of IQHQ , and Alan D . Gold , San Diego will be one of the largest biotech clusters in the world .”
Manchester Financial Group continues to develop a 1,035-room waterfront hotel and 1.9-acre plaza at the site ; while IQHQ will develop the biotech campus which will include life science offices , retail and a museum . “ We are pleased to complete this significant acquisition – as a San Diego-based company , we are truly excited to help realize a magnificent waterfront development dedicated to the advancement of life sciences ,” said Tracy A . Murphy , President of IQHQ . President and CEO of Manchester Financial Group Ted Eldredge added , “ Life Science companies like to be around each other and this smart and bold move by IQHQ and their team will bring a whole new industry to downtown . It is super exciting for our City and everyone involved !”
In such a challenging time for our region , the completion of this transaction is a highlight and will promise to bring more than 4,000 permanent jobs , $ 50 million in annual taxes and fees , and over $ 15 billion in economic benefits . Stephanie Brown , Vice President of Marketing & Public Relations of Manchester Financial Group , not only sees this project as a great benefit to the region , but has been grateful for the silver linings and blessings throughout the year ; “ although the pandemic has caused great loss , it has also created great opportunity . Deals are getting done . The markets have stabilized . Families are staying in and spending more time together . People are paying attention to their health . The environment and air are cleaner . Domestic travel has increased , and National Parks and trails are busy . People are finally focusing on what is most important ; family , friends , faith and good health .”
Papa Doug Manchester further elaborated , “ This year has been the most challenging time in our nation ’ s history . We send our blessings and prayers to all of those who have suffered from the coronavirus and pray that we get a vaccine soon . We give thanks and praise to God that we live in the greatest country in the world and the greatest city in that country . We must keep our focus on freedom and democracy and all the benefits it provides every one of us , our children , and our children ’ s children . We give thanks to the men and women who serve in the greatest armed military force in the world to ensure our freedom , protection and safety . The Manchester Family and company wishes you warmth and joy in all that we share during this Thanksgiving season . God Bless you and your families and God Bless America .”
16 GBSAN . COM | NOVEMBER 2020