SAN DIEGO -- Originally proposed to be part of a boutique hotel, the vacant building at 301 University Ave. in Hillcrest will become a Walgreens before the end of 2012.
Bruce Leidenberger, one of the three co-owners of the property, proposed the space be made into a hotel in late 2007, but had difficulty getting the proper financing. At the time, Leidenberger’s business partner explained the proposal to the Uptown Planners, which was approved with all 13 board members in favor.
Soon after, Leidenberger said, “The market just took a nose dive.” He added, “We had gotten the approval, started the work on the architecture and then… it was almost weekly that there was more bad news on the hospitality sector.”
Read the full story in San Diego Uptown News, a SDGLN media partner, HERE.