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San Diego Scraps Downtown Affordable Housing Project

Price of city-owned site, “scarcity of funding” for multifamily kills plan with developer.

By Jack Rogers | February 03, 2025 at 05:18 AM

San Diego’s Economic Development Department has pulled out of talks with Carlsbad, CA-based Chelsea Investment Corp. to redevelop a city-owned block at Seventh Avenue and Market Street into a 100% affordable multifamily campus.

Economic development director Christina Bibler notified Chelsea in a letter last month of the city’s decision to terminate all negotiations with the developer on the project, which was announced last May and envisioned 402 units of low-income housing on the East Village site.

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