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CCDC Wants More Cortez Property

Just when we thought the Cortez “hole” project was set for future development, a new glitch of sorts has emerged. The Centre City Development Corporation would like to see the now-filled Cortez “hole” (abandoned Atmosphere condo site) increase its footprint.

Immediately north of the site is California Stamp Co., 1492 Fifth Avenue at Beech Street; south of the site, at 1434 Fifth Avenue, is the Spencer S. Busby law offices building.

Jeff W. Graham, redevelopment vice president at Centre City Development Corporation, says the staff has asked Wakeland Housing to determine if those property owners will sell. Graham said “the San Diego Redevelopment Agency's acquisition of those two sites makes sense for several reasons. The site the agency recently acquired is oddly shaped and provides less efficient parking and floor plans than a square- or rectangular-shaped site, possibly even requiring two separate buildings connected by unattractive 'bridges.'”

Californa Stamp owner Randy Hansen confirmed he's been contacted by a broker, but declined to say if he would sell. Busby did not comment. The Beachwood residential hotel property at Fourth and Beech is not part of the plan. Graham said, “If they are not interested in selling, we will proceed according to the original plan.”

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Just when we thought the Cortez “hole” project was set for future development, a new glitch of sorts has emerged. The Centre City Development Corporation would like to see the now-filled Cortez “hole” (abandoned Atmosphere condo site) increase its footprint.

Immediately north of the site is California Stamp Co., 1492 Fifth Avenue at Beech Street; south of the site, at 1434 Fifth Avenue, is the Spencer S. Busby law offices building.

Jeff W. Graham, redevelopment vice president at Centre City Development Corporation, says the staff has asked Wakeland Housing to determine if those property owners will sell. Graham said “the San Diego Redevelopment Agency's acquisition of those two sites makes sense for several reasons. The site the agency recently acquired is oddly shaped and provides less efficient parking and floor plans than a square- or rectangular-shaped site, possibly even requiring two separate buildings connected by unattractive 'bridges.'”

Californa Stamp owner Randy Hansen confirmed he's been contacted by a broker, but declined to say if he would sell. Busby did not comment. The Beachwood residential hotel property at Fourth and Beech is not part of the plan. Graham said, “If they are not interested in selling, we will proceed according to the original plan.”

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Comments
5

I think CCDC wants to encumbered as much of it's Redev. money as it can ASAP, because then if the City goes Bankrupt, all that encumbered money will be untouchable, as it is already promised to development (and the smiling Developers who love BIG projects...

Sept. 26, 2010

CCDC needs to go.

Sept. 26, 2010

Ditto, do away with CCDC. Which will probably never happen. At least as long as we have a crooked city hall.

Sept. 27, 2010

Reply #2 & #3

Remember the The Redevelopment Agency IS our own City Council "with a different hat on", so what you are suggesting is that our elected Leaders think about helping the City of San Diego before their supporters!

I'd like to see ASAP that The Redevelopment Agency, redirect as much money as possible toward "curb and gutter" work because it really needs to be done and it would help the City do more infrastructure work that the City cannot afford to do right now!

SD needs to fix (no pun intended) what it has ...instead of build more NEW buildings and Stadiums!

Sept. 27, 2010

Ditto, do away with CCDC. Which will probably never happen

No, it wont go, nd the reason is simple, developers like Malin Burnham bribe/contribute so much to elected officials who control CCDC that they are de facto elected officials themselves.

As long as the developers can buy the officials CCDC will stay. The electorate are more concerned with THEIR POWER, and those that help them buy that power, than the public.

SEDC same thing. I would be for every $1 SEDC gets developed they spend $15 or $20 on admin costs.

Sept. 27, 2010

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