The same "Builder's Remedy" kicked in last year in many Southern California cities when they missed similar deadlines, and as far as I know it has led to approximately (if not exactly) zero new construction.
Here, for instance: "Santa Monica officials later indicated they would wait to respond until WSC filed its full project application, which is due six months from the preliminary filing."
Interesting that the developer that started the commotion is listing some of the sites they started the application process on for sale, but not necessarily indicative of it not going to happen - "Even as it prepares the listing WSC is still moving ahead with the full application, Walter confirmed this week." from this Jan 2023 article. Could just be looking to offload some risk to someone else who now thinks there's enough of a chance of these things getting built to pay more for the lots than they would've last year.
Under the builder's remedy, a developer can propose any housing project, regardless of existing zoning and land use codes, and it is automatically considered “approved,” as long as it doesn't present a clear danger to public health or safety.
another_story|3 years ago
majormajor|3 years ago
https://therealdeal.com/la/2023/01/18/shekhters-ws-communiti...
Here, for instance: "Santa Monica officials later indicated they would wait to respond until WSC filed its full project application, which is due six months from the preliminary filing."
Interesting that the developer that started the commotion is listing some of the sites they started the application process on for sale, but not necessarily indicative of it not going to happen - "Even as it prepares the listing WSC is still moving ahead with the full application, Walter confirmed this week." from this Jan 2023 article. Could just be looking to offload some risk to someone else who now thinks there's enough of a chance of these things getting built to pay more for the lots than they would've last year.
sroussey|3 years ago
https://smdp.com/2022/10/24/16-projects-4562-housing-units-h...
cheriot|3 years ago
more_corn|3 years ago