"These are the men we want to help and support. These are both excellent projects. The agency is not sure it can be done, but wants to accommodate both developers, as much to please them as to further some of its own goals."
"Mortenson, a partner in both Win-Mor Investors and Lincoln Investments, is perhaps best known for the renovation of the Golden Lion Tavern and Exchange Building at 4th Avenue and F Street. His company is also slated to transform the historic Balboa Theater into the San Diego Art Center."
"The parcel Mortenson and Pearson want is only two blocks from the future waterfront convention center, due to open in the summer of 1988. The property is now used to store large pipes and is located in the city's Marina Redevelopment district, an area in transition."
Centre City Development Corp. (CCDC) confronts a challenging decision regarding a 30,000-square-foot parcel in downtown San Diego's Marina Redevelopment district. Two accomplished developers, Chris Mortenson and Dan Pearson, both want to construct separate multimillion-dollar projects on the same property located between 3rd and 4th avenues on J Street. Mortenson, known for renovating the Golden Lion Tavern and transforming the Balboa Theater into the San Diego Art Center, and Pearson, who is reconstructing the Horton Grand Hotel, have both contributed significantly to historic restoration efforts in the Gaslamp Quarter. The property's strategic location, two blocks from the future waterfront convention center opening in summer 1988, makes it particularly valuable. CCDC leadership expressed strong support for both developers and their projects but postponed a decision for one month to explore potential solutions.
#downtown-redevelopment #real-estate-development-conflict #san-diego-urban-planning #historic-preservation
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