In 1050 Pacific rezoning, empty promises (all 2-BRs, much commercial space) from applicant, who flipped property for likely large profit.
See collected coverage of M-CROWN rezonings: click here . If the example of the 1010 Pacific St. project is a cautionary tale, well, that of the nearby 1050 Pacific St. even more so dramatic, given that the building was once promised to contain only two-bedroom apartments--a justification for offering less-affordable below-market housing. Once the rezoning was passed in 2019, those plans fell by the wayside, as the property was sold--at a likely large profit--and the new owner combined the parcel with adjacent ones, producing a far larger building. Map by Kaja Kühl ; rezonings in light blue are pending; apartment counts are from Environmental Assessment Statements; the 1050 Pacific project would now have 234 units, 1010 Pacific 175 units Looking at 1050 Pacific Street From 1050 Pacific EAS The 1050 Pacific Street site was a 23,183 square foot lot, somewhat to the east of Classon Avenue, extending to Dean Street and occupied as storage for Ryder Moving Trucks. The...