An official of a San Diego development company said plans appear to be on hold for the company’s acquisition of industrial land near Escondido.
However, an agent for some of the 17 sellers of the land in question said the deal is dead.
“There is no mutual agreement to cancel the escrows and only one of the 17 landowners has signed a cancellation,” said Allen Jones, a vice president of San Diego-based H.G. Fenton Co. on May 11. “We’re trying to seek some clarification of the position of the other owners. We are not encouraging anyone to cancel.”
However, Bill Effinger, an agent with the University Towne Centre office of Sperry Van Ness, said: “The deal is dead as far as the sellers are concerned. I’ve chatted with all of the sellers and we documented everything.”
The Escondido City Council gave Fenton the opportunity to negotiate a new development agreement on the approximately 210-acre Quail Hills project near Vineyard Avenue and south of Highway 78 recently, apparently clearing the way for the company to proceed with its development plans. A tentative map approved more than a decade ago currently governs the various parcels, which are owned by 17 different owners.
Fenton had proposed mining close to 2 million cubic yards of rock at the development and exporting about 1 million cubic yards to help defray the cost.