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Indybay Feature

Wealthy Developer Tries to Stop Rebuilding of Trinity Plaza

by Randy Shaw, Beyond Chron (reposted)
There is nothing unusual in San Francisco about neighbors protesting a proposed development project. But when the neighbor is a wealthy condo developer, whose company is building a controversial 24 story condo tower with five floors of parking, one would think they would think twice before trying to stop an adjacent project with 34% affordable units that is almost universally seen as a boon to the Mid-Market neighborhood. But Alexis Wong and her AGI Capital Group, who have an approved project at 1160 Mission, clearly have a different vision for the Mid-Market area than do the backers of the rental housing project slated for the adjacent Trinity Plaza. It’s a choice between a neighborhood dominated by upscale condos and parking garages or one centered by 1900 new rental units and pedestrian-friendly retail spaces---and the Planning Commission will soon decide.
The AGI Capital Group has filed five pages of challenges to the draft Environmental Impact Report (“EIR”) prepared by the City for the 1900 unit rebuild of the Trinity Plaza Apartments. The primary goal of the challenges is to create a smaller project, one that would necessarily have far fewer affordable housing units than currently projected for the site.

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http://www.beyondchron.org/news/index.php?itemid=3087#more
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