By Allison Jarrell
The San Juan Capistrano City Council is set to consider an agreement at its Feb. 16 meeting with Costa Mesa developer Lab Holding, LLC, to “explore the feasibility” of the developer acquiring and creating a “unique commercial retail/lifestyle center” on the city’s Lower Rosan property.
City officials have been attempting to sell the Lower Rosan Ranch, a 16.48-acre property located north of Stonehill Drive, for years and were planning on selling it “through a brokerage,” according to staff. In contrast to past offers from big box stores such as Home Depot that created contention among residents and were ultimately rejected by the city, Lab Holding’s proposal is described by city staff as “a unique development concept unlike any of the other proposals that have been submitted for this property.”
If approved by the council, the proposed agreement with Lab Holding does not entail a binding sale of the property or any particular project. The agreement would create a limited term during which negotiations surrounding site plans, development standards, tenant mix, financing plans and a project schedule can be discussed.
Any potential development would go through an entitlement process and require commission and committee review.