Next Metro San Diego CDC Meeting on February 12, 2018: Presentation of the Amended Olive Street & Sixth Avenue (“6th & Olive”) Project
The next meeting of the San Diego Metro CDC will be on February 12, 2018, from 4:00-5:00 p.m. The location will be the St. Paul’s Manor “Cafe Room” at 328 Maple Street, located in the St. Paul’s Manor administrative office building on the north side of Maple Street.
Tom Delaney of Springline Associates, Inc., and representatives of Greystar Rental Construction & Development, will make a presentation regarding their revised project at Olive Street & Sixth Avenue (2728 Sixth Avenue). The original project at the site was approved in 2011; the amended project (“6th & Olive”) will increase the height and density of the project. Below is a description provided by the applicant:
Sixth Avenue & Olive Street Project SDP (“6th & Olive Street”) – Bankers Hill/Park West – Informational Item — Proposal to amend an approved site development permit (SDP) and revise a previously approved project (2011) for a 159-foot building with 65 condominiums. The revised project would be 225 feet in height, with 204 apartment units (including 18 affordable housing units). The project will conform with the City’s Affordable Housing Density Bonus Program, which according to the Municipal Code “is intended to materially assist the housing industry in providing adequate and affordable housing for all economic segments of the community and to provide a balance of housing opportunities.”
The Program provides for a density bonus of 38.75% based on the development guaranteeing that 12% of the units will be affordable to very-low income families. The Program also provides for “incentives” to offset deviations from development regulations. The revised project intends to use one such incentive to offset certain building setback requirements along Olive Street and another to offset the requirement for an off-site loading zone.
This will be an informational presentation of the amended project, which was recently submitted for review by the City’s Planning Department.
A Channel 10 News story about the proposed project: https://www.10news.com/news/20-story-development-in-bankers-hill-has-neighbors-worried