The city-owned site now proposed for affordable housing is currently occupied by the LAZ parking lot, a block that is bounded by Seventh, Eighth and Island Avenues and Market Street. The downtown San Diego site once destined to become a luxury five-star hotel could be transformed into more than 400 units of affordable housing under a proposal favored by city officials for the publicly owned parcel. The proposal by the longtime affordable housing developer was one of four the city received in response to a solicitation in May for redeveloping the downtown site. At the very least, those bidding on the site were required to set aside 25 percent of their proposed units as affordable. A key factor in Chelsea’s favor, Bibler said, was that it crafted a proposal that best met the city’s goal of maximizing affordable housing by providing the most units affordable to lower-income households.
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