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Council extends exclusive negotiations for proposed 127-unit affordable housing project on National City Boulevard
Summary
The council approved an extension to an exclusive negotiating agreement with Tower 999 LLC for a proposed mixed-use development of about 127 rental units and ~9,000 sq ft of commercial space at 921–929 and 999 National City Boulevard; staff said ~40% of units would be restricted at 60% AMI and financing discussions continue, with a return expected in October.
The City Council voted to extend exclusive negotiating rights with Tower 999 LLC so staff and the developer can finalize a financing plan for a proposed mixed-use project on three city-owned parcels at 921–929 and 999 National City Boulevard.
Carlos Aguirre, the city’s Community Development director, told the council the project concept envisions approximately 127 rental units with…
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