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A San Diego developer who has been trying to bring a major hotel to Harbor Island for at least the last decade won approval from port commissioners Tuesday for an option to lease a bayfront site for its $160 million project.
The port action marks a significant milestone for Sunroad Enterprises, which just a few years ago was in danger of losing the right to develop a hotel on east Harbor Island location amid concerns about the design of what was considered a pivotal project for the peninsula.
As part of the option agreement, the developer has two years plus extensions of up to six months to meet a number of key conditions before consummating what would be a 66-year lease to operate its hotel on a 7.5-acre parcel adjacent to Sunroad’s existing marina.
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