An agreement with two developers was approved by the San Diego Metropolitan Transit System (MTS) Board of Directors to build 390 housing units for low and moderate-income families at the Palm Avenue Trolley Station.
Earlier this year, MTS broke ground in another transit-oriented development at its Grantville Trolley Station with 250 units. The two projects are part of an agency-wide effort to fully utilize its park and ride lots.
“This agreement sets the tone for what residents can expect to be developed on MTS land in the future,” said Nathan Fletcher, MTS Board chair, and chair, San Diego County Board of Supervisors. “MTS is intent on encouraging the construction of more housing for working families on its property in vibrant and environmentally sustainable communities built using a local skilled and trained workforce.”
National Community Renaissance and Malick Infill Corporation will build four separate residential buildings, together called Palm City Village. National Community Renaissance will build three of the buildings and the agreement requires the firm to break ground within five years (September 2026). Malick Infill Corporation will then be required to begin construction on the final building within eight and a half years after National Community Renaissance breaks ground.
“National Community Renaissance is honored to be working with MTS creating housing and transforming underutilized parking lots to provide affordable housing and robust transit amenities to help incentivize people to use more public transit,” added John Seymour, vice president of acquisitions and forward planning, National Community Renaissance.
