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New "Fast-Track" Housing Development

Today on the Southern California Real Estate Report we look at the first housing project to take advantage of a 2008 law that allows for more dense housing near transit lines.

The project takes advantage of SB 375 which allows for developers to only conduct a cursory CEQA review, instead of a full analysis, which saves time and money.

The site is located on Clairemont drive and is a 3.55 acre lot near the trolly line.

The new project will include a 156-unit apartment building, some commercial space with restaurants and have 399 parking spaces.