The earliest lien affidavit dates back to April 16, 2020, as the latest claim was filed by the project’s general contractor on June 26th.
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According to a report from August of 2019, the shopping center property was purchased by AP Beacon Carlsbad, LP for $57.6M. AP Beacon, LP is based in Charlotte, NC.
Four Contractors Claim $1.6M on The Beacon La Costa Project
The four different contractors are owed a total of $1,684,642.01 for work taking place at The Beacon La Costa shopping center, which is located at 7720-7790 El Camino Real, Carlsbad, CA.
General contractor JG Construction filed the largest claim on June 26th, claiming they are owed $1,621,814.72 in unpaid work, which accounts for 96% of the funds withheld from contractors on the job.
As a result of JG Construction’s non-payment from AP Beacon, LP, the general contractor is now involved in mechanics lien claim of their own related to the same project.
Subcontractor George Weir Asphalt Construction, Inc. filed a mechanics lien on April 23rd claiming they are owed $54,862.20 from JG Construction.
A spokesman from both JG Construction and George Weir Asphalt Construction could not be reached for comment.
Back on April 16th, subcontractor Resource Building Materials claimed a $6.1K mechanics lien against fellow contractor West Coast Construction, which was also hired by AP Beacon, LP. A representative from Resource Building Materials could also not be reached for comment.
Additionally, subcontractor Robertson’s filed a mechanics lien on April 21st against West Coast Construction, claiming they are owed $1.7K following their contributions to The Beacon La Costa shopping center project.
The Beacon: A $57.6M Shopping Center
According to an August 2019 report from CoStar, The Beacon La Costa shopping center was purchased at a value of $57.6M. Retail Insight reports that the entire property is approximately 122,184 square feet.
Included in this shopping center is an Equinox fitness club. The club’s owner, Equinox Holdings, is currently linked to a mechanics lien claim of their own in nearby San Diego, CA. Following a project at the Westfield UTC shopping mall in San Diego, Equinox Holdings currently owes a general contractor $1.7M in unpaid work. The two locations are slightly over 18 miles apart.
According to Retail Insight, Equinox chose The Beacon La Costa as its first location in the San Diego metro area. Aside from an Equinox fitness center, The Beacon La Costa also houses a Bank of America location and a U.S. Bank location.
Retail Insight has also stated that The Beacon La Costa “is a collection of thoughtfully curated shops, contemporary designers, cafes, independent merchants, daily services and best in class eateries.”