Cottage rehab plan hits new roadblock

Legal battle puts timeshare plan in limbo

Preliminary plans to rehabilitate the turn-of-the-century Red Roost and Red Rest cottages overlooking La Jolla Cove have apparently been shelved due to a longstanding legal squabble among the three owners.

Plans for redeveloping the site where the 113-year-old Red Roost and Red Rest cottages sit at 1179 and 1187 Coast Blvd., until recently, had envisioned creating a 14- to 16-unit time-share development terraced up the hillside behind the historic existing structures.

But between the continuing legal fight and the current economic picture, it appears other plans may be in the wings.

“We’re still winding things up with litigation over the property,” said Richard Annen with Sparber Rudolph Annen who represents the owners of the California bungalow-style cottages, Cove Properties Inc. The company is a wholly owned subsidiary of La Jolla Cove Motel & Hotel Apartment Inc., owned by members of the Heimburge, Jackman and Baroudi families.

“In 2007, a lawsuit was filed against Larry Jackman alleging mismanagement of the property,” said Annen, who added a jury trial ended with a judgment, including punitive damages against Jackman, whose subsequent appeal went all the way up to the state supreme court.

Annen said the litigants settled in December 2006, agreeing that an appraisal be conducted on all seven properties owned jointly by the three parties, which are widely dispersed throughout San Diego County and include the Red Roost and Red Rest La Jolla beach cottages. The deal took almost a year and a half to reach.

“Because the lawsuit was so contentious,” said Annen, “all parties recognized the best solution was for the families to divide up the properties and go their separate ways.”

According to the terms of the 2006 settlement, said Annen, the Jackmans had the option of either being paid money, or receiving the Shell Beach Motel on Coast Boulevard in La Jolla, or a combination of those things depending on their relative values, in compensation for the Jackmans removing themselves from the three-way partnership.

“To date, the Jackmans have refused to finalize the settlement.” said Annen.

Completed in 1895, the Red Roost and Red Rest are among a handful of dwellings left from La Jolla Cove’s early development as a seaside resort and artist colony. The beach cottages are said to have influenced the styles of renowned architects Irving Gill, who built widely in La Jolla, and Frank Lloyd Wright.

Related posts:

  1. Stem cell researchers move ahead after blow
  2. State’s stem cell funds in good hands
  3. Stabbing at UTC
  4. SPRING INTO ACTION
  5. Spanx pantyhose inventor sells for $5.8M

Short URL: http://www.lajollalight.com/?p=8570

Posted by Staff on Aug 7, 2008. Filed under Archives. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

La Jolla Community Calendar

Facebook

Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

RSS North Coastal News

  • Summer 2014 Carmel Valley Open Basketball League Champs: ‘Carmel Valley Spurs’ August 30, 2014
    On Aug. 18, the Carmel Valley Spurs defeated the Solana Beach Stray Cats, 67-41, in the 5th/6th grade championship game in the Master Sports Carmel Valley OPEN Basketball League. Over a 10-game season, the offense scored 659 points while giving up only 364 on defense. The average game score was 66-36. They had the best rebounders, best shooters, and best def […]
  • Hundreds turn out for Carmel Valley planning board meeting on One Paseo August 30, 2014
    Hearts and visions collided at the Aug. 28 Carmel Valley Community Planning Board meeting, where an overflow crowd turned out to debate the future of the last major slice of the community left to be developed. All 400 seats in Canyon Crest Academy’s theater were filled, and people spilled out into the aisles and crammed into standing-room only spots in the b […]
  • Del Mar Library book-to-movie club picks fall reads August 30, 2014
    Print Goes to the Movies, a book/movie discussion group held at the Del Mar Branch Library at 2 p.m. every second Friday, has announced its upcoming dates and movies. […]