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San Diego Approves $350 Million Condo-Hotel Project To Replace Aging Theater

Opponents Contend Development Does Not Help Address Region’s Affordable Housing Shortage
Developer Caydon Property Group is looking to build a 41-story tower with 336 condos and 190 hotel rooms on the downtown site of the vacated and aging California Theatre. (City of San Diego)
Developer Caydon Property Group is looking to build a 41-story tower with 336 condos and 190 hotel rooms on the downtown site of the vacated and aging California Theatre. (City of San Diego)
CoStar News
April 28, 2021 | 11:07 P.M.

San Diego City Council approved permits for a planned $350 million redevelopment of a decaying former downtown theater building into a high-rise condo tower with an attached hotel, though opponents criticized the project for failing to help the city deal with a chronic shortage of affordable housing.

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