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Originally Posted by SDCAL
I talked to someone involved a few weeks ago. They are settling the lawsuit and supposed to break ground in April. Was hoping it would be this year, but at least it’s not dead
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"...The case study speakers discussed the 7th & Market project, which has been in the works for a few years, and lately gummed up by legal challenges. Those difficulties, according to Jason Wood, are nearly over. Plans for the project include San Diego's first Ritz-Carlton, along with office and retail, and both rental and for-sale residential space.
"We spent 2017 fighting a CEQA lawsuit, which we won," Wood said. "The plaintiffs appealed, and now we're negotiating with them. We're very close to having the lawsuit dropped, and we've returned to the capital markets to get our financing back in order. It looks like the project is a go again."
The Ritz-Carlton project is on a full block Downtown on a site owned by the city of San Diego. In 2015, Wood said, the city selected Cisterra to develop the project.
"There were certain things the city wanted, such as 200 public parking and 200 resident units and 50K SF of commercial space," Wood said. "We decided that we wanted to deliver a project that not only meet those requirements, but exceeded them. We decided to do top-notch."
Part of the early process was approaching Marriott and proposing a Ritz-Carlton, since there were hotels of that brand in San Diego, as well as Whole Foods, though the grocer has since pulled out of the project.”
https://www.bisnow.com/san-diego/new...rage-731-91591