Is Developer Scrapping Plans?

News brief
Is developer scrapping plans?

The Public Law Center’s lawsuit against the city continues to raise questions. Why did the PLC challenge only the approval of Steadfast’s plan for condos at Jeronimo and Los Alisos? The council approved a similar plan on east Los Alisos – UDR/Pacific’s condos on the former Kmart site. Both developers raised the ire of the PLC by allocating only one-bedroom units for affordable housing, but UDR/Pacific appeared to get a pass.

The council approved UDR/Pacific’s housing plan on Sept. 19, 2005. Steadfast received its approval at the Feb. 20, 2006, council meeting. The statute of limitations to challenge the amendment of the city’s General Plan is 90 days following final council approval.

As a recent twist, UDR/Pacific has apparently indicated its interest in selling the former Kmart parcel. The Buzz months ago revealed the developer’s dissatisfaction over terms of the agreement regarding the city’s requirements of affordable units and developer fees. No further information is available at this time.