"The Southern Ute Indian Tribe's only real estate investment in California is a five-block area of downtown Oceanside.

Indian ownership of the vacant land has not been well known, although Mayor Jim Wood has been mentioning it of late, jokingly promising folks that no tribal gaming casino is proposed in the core of the city.

Actually, according to executives of the tribe's wholly owned subsidiary, GF Development, there's been no change in the project since it was known as CityMark.

CityMark is entitled to build three four-story and two seven-story buildings on property bounded on the west by Myers Street, on the south by Seagaze Drive and on the north by Civic Center Drive.

The eastern boundary is Cleveland Street to Pier View Way and then the railroad tracks to Civic Center.

Included in the plans are a 124-room hotel, 231 residential units and 49,000 square feet of commercial space.

Wood said it's one of 29 approved projects in downtown Oceanside waiting to be built as soon as the economy improves."

Get the Story:
LOLA SHERMAN: Tribe owns core downtown real estate (The North County Times 8/24)