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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 nearly 9,000 square feet of ground-floor commercial space and that about 40% of the units (roughly 51 units) would be restricted at 60% of area median income. Aguirre said staff and the developer have pursued several financing options and that some state student-housing funding that had been under consideration is no longer available.
Developer representative Cyrus Rapinan said the team is focused on securing a grocery or pharmacy tenant for the commercial space, describing grocery/pharmacy as the preferred community-serving use. Rapinan told the council the team expects to return with an agreement in October if negotiations proceed on schedule.
Council members praised staff and the developer’s persistence. One councilmember recommended exploring a neutrality agreement for future commercial operators to protect workers’ rights; the developer said they are open to the conversation.
The council adopted the extension without recorded roll-call tallies in the public transcript. No final disposition or ground-breaking timeline was adopted at the meeting; staff said the extension is intended to allow time to finalize financing and necessary predevelopment steps.
