According to new research by the U.S. Geological Survey, about $150B in coastal real estate in California alone is at risk of flooding caused by rising sea levels, in combination with storms, by the end of the 21st century.
Sea-level rise is often thought of as a creeping problem — slow enough to give property owners time to take protective steps — but the report points out that even small increases in sea level, combined with storms, could have sudden, devastating impacts.
Read more at BisNow
Del Mar Heights Sees New Retail Expensive Expansion Efforts
On one of the country's most expensive retail streets, competing developers are investing heavily in stores and restaurants to lure wealthy residents from Pacific shore homes to San Diego's Del Mar Heights neighborhood.
High-end retail and dining tenants are opening at developer Kilroy Realty Corp.’s $650 million mixed-use One Paseo development amid extensive office and apartment construction. Next door, Donahue Schriber is in progress on a $120 million expansion that is planned to bring in 40 new shops and restaurants at its Del Mar Highlands Town Center retail property, which had been the only shopping center in the neighborhood for years.
Miami Grill Opens Newest Location in Florida
Miami Grill continues its aggressive expansion with its beautiful brand new location in Daytona, FL.
If you’re interested in becoming a part of Miami Grill’s success story in California, see our Miami Grill franchise page for more information.
Hillcrest Promenade Plans Cause Local Concern
A plan to permanently remove the traffic along Normal Street in Hillcrest and replace it with a promenade will be voted on Tuesday.
If approved, the westside traffic lanes would become a pedestrian walkway with dedicated bike lanes. It would also make room for the weekly Hillcrest farmers market and other events.
Read More at News 10
San Diego Votes to Ease Parking Requirements
San Diego’s City Council voted 8-1 Monday evening to ease parking requirements for certain housing projects, which they say will make it easier for developers to build new homes.
Mayor Kevin Faulconer said Monday that the current parking rules are outdated, but opponents say San Diego isn’t ready for the changes and that the city should focus on improving transportation.
Read more at News 10
Is the YIMBY Movement on the Rise in SD?
When San Diego’s Republican Mayor Kevin Faulconer—the only GOP leader of a U.S. city of a million or more residents—tweeted in January that he wanted the city to go “From a city of NIMBYs to a city of #YIMBYs!” it was heralded as a progressive stance by many, especially for a city known for sprawl and pristine coastal views.
But it also spoke to political reality. With a newly elected city council featuring a 6-3 Democratic supermajority, housing was an obvious issue where Faulconer, traditionally a more moderate member of his party, could find consensus (he’s been more outspoken when it comes fighting climate change). He then proposed eliminating parking and height requirements in a January 15 State of the City speech, one of the more aggressive proposals in the state to fight the housing shortage (and a bit of a turn from his earlier statements as a city councilmember).
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