By Claire Harlin
The Solana Beach City Council granted a one-year project extension to American Assets Trust on Oct. 12, for the 12,947-square-foot Solana Beach Corporate Centre to be built at the southeastern corner of Stevens Avenue and San Rodolfo Drive.
The developer cited “poor market conditions” as the reason for the delay, and is continuing to work with architects to address prospective tenant feedback for an alternative building design. The extension is the developer’s second and final extension as allowed by the City.
The project, which was approved by the council in 2008, will have 781 parking spaces and offer both office and retail space. The single story structure will be no more than 45 feet in height, except for one elevator enclosure, which will be 51 feet above the finished floor level.
American Assets owns several other Solana Beach commercial properties, including Lomas Santa Fe Plaza, Solana Beach Towne Center and the recently purchased former trailer park land located on S. Highway 101 and Dahlia Drive, which sold for nearly $7 million.