The city might give them a break on parking requirements in exchange for the affordable housing units. It’s possible that the project was designed and approved for affordable housing to begin with. Only the names have changed.

Another possibility is that the other parking spaces are being leased from an offsite parking provider. It could even be one of the other condo projects nearby.

I think the interim rental route might end up being the preferred solution for those projects that can stay out of foreclosure. Of course, if you get a lot of rental projects in the area, especially those that involve affordable housing, it kind of takes the shine off the glossy downtown urban lifestyle these developers have been trying to sell.

I never doubted that there would be some people who would gravitate towards living in the downtown area, but I never thought it would be enough people to economically justify all those units these developers were dumping on the market. Aside from the artificial stimulus provided by the specuvestors between 2003-2005 the real numbers of homeowners down there has been underwhelming.

I don’t think most people will move downtown unless those units are a lot cheaper than units of comparable size/quality located in the burbs. As for me, if I was going to live in a high-rise I’d gravitate more towards Mission Valley. Take the trolley when I want to go drinking. Mission Valley is lots quieter and the bum factor is almost zero.

Well, so much for there being any provisions for the parking deficit.

Maybe the next big play downtown is speculating in parking spaces.

And we still have lame-ass organizations trying to tell us that there will be 70,000 people living downtown by 2020

MAYBE IN CARDBOARD BOXES!!!!

It sure as hell isn’t going to happen in $300K+ condos

~

Excuse my rant: the Center City Corp is lying to the taxpayers of San Diego so they can justify spending our tax dollars on over-building downtown housing (lots of pork being passed around to properly connected people)

rant off …

Let’s see……….ONE parking space per TWO apartments. So 225 apartments…130 spaces…

225 divided by two…I come up with 112…113??? SOoooo 130 spaces is actually more than what was required. Right?

Or did you mean to say TWO parking spaces per ONE apartment?

Anyways, I take offense to your degrading of low-income people and housing. Times are tough and not all low income people are crack heads. People DO pay good money to live downtown and if you don’t like it, you should live somewhere else. Lots of other places to choose from like Lakeside maybe? lol. Part of the charm of living downtown is the diversity…the big city feel.

Get your math right..

Way to resurrect a necro-thread 🙂

I don’t see what’s so horrible about downtown. Good view of the waterfront and marina, close to the airport if you’re someone who needs to fly out frequently (takeoffs happen the other direction), lots of pretty 1920s/30s buildings.

Coming from NYC, I didn’t get a super-diverse vibe from downtown. More of a business district and less busy after hours. North Park and the areas around it feel much more diverse to me.