The fifth and J Historic Grand Pacific Hotel building will be undergoing a renovation. The Grand Pacific Hotel is located on a busy street in Gaslamp where locals, tourists and conventioneers walk past every day to get to restaurants and shops in the nearby area. The property was built in 1887 and isn’t looking as glamorous as it was back then but is going to get a much needed facelift.
The San Diego Trading Company occupies the corner of the building with retail space while the upper floors are used as office space where the hotel and low-rent residents once was. When the property was built in the 1880’s it was a project of attorney Frank Jennings and physician George Crippen. It was a very popular style back then with lots of windows and planters. The architecture was designed by G.C. Clements & Co.
The 15,000 SQFT building was sold for $6.8 million last month from Sweeney Enterprises. The new owners plan on doing work on the exterior of the building by stripping, sanding and repainting. Currently, the building is used for retail and office space. After the renovation is complete the new owners hope to find some flagship retailers to spark more shops to open in the Gaslamp area. Since the Pendry hotel has opened across the street the area is in need of some higher end stores. With the closing and redevelopment of Horton plaza, downtown guests and residents will be looking for other stores to shop at. An update to the hotel would be great to revitalize and give a new and exciting feel to what is already an amazing area of the Gaslamp.
And Always Remember, It Matters Who You Work With!
Give me a call today at (240) 461-7361 or email me at Karl@www.livingthesandiegolife.com for more information or to schedule a tour of the neighborhood!