Better Business Burro reports that the Rockaway Holiday Inn Express expansion project is stalled again as the FOURTH general contractor is about to walk away from the cursed corner.
Great, let's add to the traffic jam in that spot by Surfers Beach.
On August 20, the Pacifica Planning Commission considered a use permit for Taco Bell at Linda Mar Beach to construct a 1,112-square-foot outdoor seating area with alcoholic beverage service. Staff report recommended approval of the measure, but the commission postponed a decision while it continues to study the plan.
JUST SAY NO!
Rockaway Workforce Housing Partners bought two parcels of land in Pacifica for more than $8 million -- one parcel from Pacific Land Conservation for $3,780,500 and the second from Seventeen Enterprises LLC for $4,320,000. The 398.284-acre parcel is scheduled for foreclosure sale on May 23. Total Debt: $5,086,028.93. (Source: Big Banker)
The Midcoast is in an uproar about a proposed 206-room luxury hotel across from the Frenchman’s Creek (Ruisseau Francais) neighborhood in Half Moon Bay. Oh great, let's put more cars on Highway 1, just what we need! Hashtag Enough Already!
Also of note: The hotel developer's cheerleader Kendall Flint was outed and chastised on the Midcoast NextDoor forum for promoting the project without identifying herself as the developer's employee. The Half Moon Bay Review (May 2) revealed her identity and connection to the developer.
Big Banker reported March 17, 2018: "The Notice Of Trustee Sale on Sonora Shores was posted for foreclosure sale on April 3. The amount due is $14,386,901.90, cash or cashier's check. The Notice Of Trustee Sale was published in the Pacifica Tribune March 14, March 21, and March 28."
Big Banker reported March 5, 2018: "Sonora Shores luxury housing project on Fassler and Roberts Road has a 04-03-2018 foreclosure date. A Notice Of Sale has been recorded on the property."
Big Banker reported February 4, 2018: "On November 30, 2017, a Notice of Default was filed on Sonora Shores Harmony @ 1 project. This is the existing loan recorded April 30, 2014. The Trust Deed in the amount of $9,600,000 has swelled to $13,572,548.99. The loan was due to be paid in full by April 25, 2016."
Big Banker reported August 8, 2015: "As of the close of business Friday, August 28, there were no recorded liens or notice of default. First loan, $5 million. Second loan, $5.6 million. On February 17, 2015, a strange deed of trust was recorded by Sonora Shores in favor of Urban Land, a performance deed of trust, which normally means there is some kind of equity share agreement between Sonora Shores and Urban Land, a specific performance action that takes place when lots sell. The only items filed and recorded were the Declaration of Convents, Conditions, and Restrictions (CCR); and a subordination agreement on July 29, 2015 regarding the CCRs."
Click the Comments link below this post for the conversation thread on this controversial project that died on the hillside.