PRSRT STD ECRWSS U.S. POSTAGE PAID SAN DIEGO, CA PERMIT NO. 835
The
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THE RANCHO SANTA FE NEWS
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SERVING NORTH COUNTY SINCE 1987
VOL. 15, N0. 4
Leucadia gets ‘barefoot luxury’ hotel
‘URBAN VILLAGE’ READIES FOR BUSINESS Jacob floats
countywide CCE effort
By Jordan P. Ingram
ENCINITAS — A luxury hotel three decades in the making will soon replace the boarded-up Cabo Grill & Cantina on its bluff-top perch overlooking South Ponto Beach near the intersection of North Coast Highway and La Costa Ave in Leucadia. Fenway Capital Advisors and JMI Realty, which acquired the 4.3-acre site in 2017, began construction earlier this month of the $110-million project tentatively called the “Encinitas Beach Hotel.” The sprawling 226,000-square-foot boutique resort is scheduled for completion in 2021. The project is headed up by longtime North County residents, Fenway Managing Partner Larry Jackel and JMI Realty CEO John Kratzer, who have expressed their desire to create a luxury experience while preserving the feeling and funk of Leucadia. “When we thought of the theme and feeling of the hotel, what came to mind is ‘barefoot luxury,’” Jackel said. “It’s not stuffy, it’s laidback and relaxed — the feeling you get when you’re in the Leucadia area.” According to Jackel and Kratzer, research and development is ongoing. An important part of that process has been conversations with members of Leucadia 101 Main Street Association and longtime Leucadia business owners Paul Ecke III and Fred Caldwell. “We’ve met with a lot TURN TO HOTEL ON AX
FEB. 15, 2019
By Aaron Burgin
A SITE RENDERING reveals the full scope of One Paseo, the 1.18 million-square-foot, mixed-use project nearing completion in Carmel Valley. According to a Kilroy Realty Corp. official, the office, retail and residential portions of the project are “meant to almost be seamless and blend together.” Rendering courtesy of Kilroy Realty Corp.
One Paseo retail space aiming to open next month By Lexy Brodt
CARMEL VALLEY — After over two years of construction, the once controversial One Paseo is just a month from opening its doors. Located at the corner of Del Mar Heights Road and El Camino Real, the development’s retail space will be the first segment of the 1.18 million-squarefoot project to open on March 1. Residential units will follow suit in the summer of 2019, and office spaces in 2020. The project is helmed by developer Kilroy Realty Corp. In a tour of the emerging “urban village,” the project’s Vice President of Retail Nate Smith revealed the development’s black and white color scheme and “country mart” vibe. NATE SMITH, Kilroy Realty Corp.’s Vice President of Retail, called the One Paseo retail TURN TO ONE PASEO ON 7
section a “true curation.” The development will have 44 tenants within a 96,000-squarefoot retail space. “We’ve poured our heart and soul into it,” Smith said. Photo by Lexy Brodt
REGION — San Diego County is poised to become the next agency to move toward energy independence from San Diego Gas & Electric, Board of Supervisors Chairwoman Dianne Jacob announced during her State of the County Address. Jacob said that she and Supervisor Nathan Fletcher would bring a proposal for a countywide com mu n it y choice energy plan, becoming the ninth agency in the county to explore the DIANNE independent JACOB delivered energy mar- the State of ket. the County “It’s time Address on the County Feb. 6. of San Diego does the same,” Jacob said after naming the eight cities working on CCE plans — Encinitas, La Mesa, Santee, Chula Vista, Oceanside, Del Mar, Carlsbad and San Diego. Solana Beach became the first city in the county to successfully launch a CCE program late last year. CCEs, also known as community choice aggregation, refers to the process in which a jurisdiction forms an entity that buys power on the open market — as opposed to from a utility company — and chooses the source of power based on the community input. Jacob, a vocal critic of SDG&E, stated that the TURN TO CCE ON 7