X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN DIEGO-Developer One America has won an exclusive negotiating agreement with the Centre City Development Corp. for an air rights parcel owned by the CCDC on a downtown block bounded by B, C, Kettner and India streets directly to the north of the One America Plaza high-rise office tower.

The One America entity that was granted the agreement by the CCDC board is called One America Second Phase PT LLC, which will be negotiating for the purchase and development of the parcel. The agreement includes a 300-day negotiation period and permits the exploration of a wide range of development alternatives, including a hotel, which was originally approved for this site.

San Diego County led California in the development of new hotels during 2002, according to the latest data available from Costa Mesa-based Atlas Hospitality Group, which says the county added eight hotels comprising 1,512 rooms during the year. The county also leads the state in the number of new hotels planned, 50, but that figure is down by more than 19% since 2001, according to the Atlas survey.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.