The Centre City Development Corp., the city's redevelopment arm, had originally offered each of the Horton heirs $100 for their ownership interests in the land. When they balked at the price, the city exercised its eminent domain powers and seized the property.

The Gaslamp District is the San Diego equivalent of New York's Times Square. It's loaded with always-busy restaurants and bars and is anchored by the wildly successful Horton Plaza shopping center.

The lawsuit brought by Alonzo Horton's heirs involves about three acres in the Gaslamp District's western fringe. Most of the parcels are on Market and Front streets, surrounding two high-rise condominium projects that are now under construction.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.