(San Diego Business Journal – January 21, 2019) Back in 1989, some developers had a plan to build a fancy hotel on a seaside Encinitas bluff overlooking the ocean and South Ponto Beach.
Nothing came of it.
In 2005, it looked like something might really happen when a stairway was built from the top of the bluff to the beach parking lot below. By 2008, all the required permits were in hand.
Then the financial crisis hit. The plan was shelved.
Now, the hotel is back.
Fenway Capital Advisors and JMI Realty acquired the 4.3 acre site in late 2017 from KSL Resorts and Goldman Sachs and have started construction of a $110 million hotel they’re temporarily calling the Encinitas Beach Hotel — built right into the bluff to blend in with the contours of the land…