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| Weird! 250 apartment units approved: no one screaming "traffic, red-legged frogs, I got mine, evil developer, outsider, LAWSUIT, end-of-the-world." |
"Garnering praise for providing on-site affordable housing units, a proposal for a 250-unit apartment building at 801 Brewster Avenue was met with unanimous approval from the Redwood City Planning Commission Tuesday night.
The developer, Anton Development Company, requested exemptions
from building height caps set for downtown building projects in this
area to offer 20 percent of the 250 rental units proposed, or 50 units,
for rent at a below-market rate. An economic analysis showed that
allowing the building’s heights to reach four and six stories where they
are capped at three and five would allow the developer to finance
on-site, below-market units, taking advantage of a state law and federal
low-income tax credits and tax-exempt financing." Read article.
Reference. City of Redwood City, 801 Brewster Avenue. Location. MapQuest. Developer, Anton Development Company. Related. City of Redwood City/Current development Projects. Apartment leasing, 200 units, BuzzBuzzHome. Note photographic rendering from Anton Development Company.
Posted by Kathy Meeh
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