With the downturn in the housing market, a planned luxury condo tower in Downtown San Diego has been reworked into an affordable housing development.
"Thanks to the nearly flat-lined downtown real estate market, what was supposed to be a luxury condominium tower is morphing into a landmark low-income apartment project.
Goodbye KB Homes, the national developer who got approval in April 2006 for a ritzy 184-unit condo design on B Street between 10th and 11th avenues.
Enter a San Diego firm planning to tweak that blueprint into 226 apartments for families who earn less than $42,000 a year. The tower, which will be the tallest affordable-housing project in the county, is called Ten Fifty B and is expected to be built by early 2010.
Downtown's redevelopment agency loves the project, enough to lend the developer $34 million. It will be the agency's largest-ever investment in an affordable-housing complex."
FULL STORY: Luxury project becomes affordable
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
Houston Mayor Pauses Complete Streets Projects
The move raises concerns among road safety advocates who point out that traffic deaths continue to rise.
Twin Cities Trains Move to Fewer Cars, Higher Frequency
Headways will drop from 15 minutes to 12 minutes.
DC Bikeshare System Breaks Ridership Record
Capital Bikeshare users took over 20,000 rides on one day in March.
Barrett Planning Group LLC
City of Cleburne
KTUA Planning and Landscape Architecture
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Universal City TX
ULI Northwest Arkansas
City of Laramie, Wyoming
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