A local developer wants to buy the triangular wedge of land near the Ballast Point restaurant from Temecula and build a hotel on the 3.64-acre parcel.
The site, also known as the Rancho Cal/Diaz property, is considered a “remnant parcel” by the city, according to a staff report for the City Council. It was created when the city realigned Diaz Road.
The parcel was most recently used as a staging area for the crews that worked on the Murrieta Creek enhancement project but it is no longer needed for that purpose, opening up the possibility of development.
At tonight’s regular meeting, set for 7 p.m. in the Civic Center’s council chambers, the council will be considering an exclusive negotiating agreement that would allow the developer, Michael and Tarisha Patel of Alitra, LLC, to run numbers on the property.
If the two sides come to terms, the council will consider the purchase price at a future public meeting.
Alitra owns and operates several Marriott-brand hotels in the Temecula Valley.
The land is not currently zoned for hotels but the Patels are aware of this and they are interested in applying for a zone change if they end up purchasing the property, the report states.