Plans to rent the La Jolla property that once housed a Jack in the Box fast food restaurant have stalled, prompting The Bishop’s School – which bought the Pearl Street site nearly a year ago – to start looking for a tenant again.
“We were in the process of negotiating a deal with a tenant and the deal fell through late in the process, so we started over, interviewing potential tenants,” Bishop spokeswoman Cathy Morrison said. “It’s a long process, and although we initially thought it would take around nine months, the timeline appears to be taking longer than originally anticipated.”
Bishop’s School completed the purchase of the neighboring property at 564 Pearl St. for $5.5 million on September 30, around the time Jack in the Box quietly closed. The site was to be leased on a short-term basis and later converted for student use which had yet to be determined. The hope was that a tenant would open by this summer.
“While we have long-term aspirations for student use,” there are no plans in place or timelines as to when the building will be redeveloped for its ultimate purpose, Morrison said this week.
“It could be a lot of things,” Bishop’s school principal Ron Kim said at the time of the purchase. “It was about imagining and examining our vision of how we can best learn and grow. Every time we think about the future, we have a desire to expand what we can do. We want to make sure that space constraints won’t prevent us from doing something. We want to imagine greatly.
“We are very attentive to the visibility and location of this property. We want to be a good neighbor and know that people care.
Since the site adjoins campus, location was a factor in the decision to purchase it, Kim said. “It’s a good sized pitch and we know proximity and size give us options.”
When the school is ready to convert the property for use, the plans will be submitted to community groups for review. ◆