It may seem like a small step for a 5-4 majority on San Diego's City Council to take—redefining "walking distance" from a half-mile to a mile—but in terms of new housing, this action may turn out to be a giant leap.
San Diego's existing rules permitted high-rise apartment buildings—as well as what are known as "backyard units"—in neighborhoods within walking distance—previous defined as a half-mile—of a transit line.
Thanks to the one council member who decided the issue on the nine-member municipal government, this measure is likely to spur the development of thousands of new housing units in San Diego (assuming lending eventually loosens up for new construction).
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
