First approved development to break 30′ Coastal Overlay at 2662 Garnet!
Recently Closed
Description
2662 Garnet Avenue, San Diego, CA 92109
Franco Realty Group represents the Seller, Currently in Escrow
City and Housing Commission voted to approve the way for construction in August 2024!
They approvals make possible a five-story, roughly 60-foot-tall building on a 0.4-acre lot, where 59 of the 60 units will be deed restricted for very low-income and extremely low-income and families. The project includes 18 units for homeless veterans, a community room, nine parking spaces and private offices for supportive services.
With the loan approvals, the developers expect to start construction in February and open the height-limit-busting project by the end of 2026.