I don’t get the emphasis of affordable rental housing in Carmel Valley by Kilroy. Bow “affordable” can housing be if you’re stuck a tenant? I don’t see any of those “homes” being constructed by Kilroy’s plan ever being owner occupied. Look at all the rental properties corporate owned in Carmel Valley. Are they really “affordable” for your average worker bee?
It’s funny that Kilroy is complaining that this project might not be profitable if they aren’t able to build this project at the scale they want.Lol…Yes, Kilroy, I think you need to take a chance and take some risk..No different then every one of your decisions you made to build one of those many office buildings all along El Camino that remained empty with that “for lease” sign all these years. Kilroy is one of the entities that doesn’t seem to have a problem of building a bunch of empty office buildings!
