Macy’s Continues Lawsuit Against Horton Plaza Redevelopment
Monday, October 21, 2019
Credit: Courtesy of Stockdale Capital Partners
The whimsical and colorful Horton Plaza Mall sits nearly empty on a corner of downtown San Diego. While the Jon Jerde-designed center attracts almost no customers today, it does attract lawsuits.
The new owners, Stockdale Capital Partners, bought Horton Plaza just over a year ago and have now been sued by one of its last remaining tenants, Macy's Department Store.
Stockdale plans to redevelop the mall into a $275 million high-tech office space with fitness studios and restaurants on the ground floor.
Macy's is not sold on the idea. Its suit is based on its leases which grant them veto power over any changes. Last week, San Diego Mayor Kevin Faulconer and several area businessmen sent Macy's CEO Jeff Gennette a letter asking them not to sue.
Macy's said no.
San Diego Union-Tribune reporter Jennifer Van Grove joins Midday Edition to explain the lawsuits and and the cutrrent status of the mall.
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