Trouble in San Diego for Jay Paul Company

Calculated Risk had another post up on commercial real estate, and it involves a project in San Diego called The Summit Rancho Bernardo. This is Jay Paul Company’s southern California version of Moffett Towers (or is Moffett Towers Northern California’s version of The Summit Rancho Bernardo?).

According to the project’s web site, the Summit RB is designed to total 3.2 million square feet of Class A office product on some 105 acres. The picture’s on CR’s site are of the project’s (likely phase one) steel which is apparently sitting at the site, and taking up as much as a football field’s worth of room. Some project renderings are below.

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