Kilroy Agrees to Scale Back Controversial Carmel Valley Project
Source: Patricia Kirk, Bisnow, OC/SD June 23, 2016
Following
intense negotiations with the city, Kilroy Realty has agreed to a scaled-down
version of its proposed 1.4M sf One Paseo multi-use development in Carmel
Valley, rather than face a potential public vote on this controversial project.
A rendering of One Paseo’s commercial core as originally proposed is shown
above.
As a result
of the compromise, the city council has rescinded its February approval of the
project, reports the San Diego Union-Tribune. The agreement, which scaled back
the project’s office and retail components, allows Kilroy to refine plans for a
smaller version of the project, before returning for planning and council
approvals, the chief complaint was the project’s impact on local traffic.
Locals also
feared this project could pave the way for denser development. A citizens group
in March submitted signatures for a ballot referendum in June. Kilroy responded
with an aggressive campaign, but enough valid signatures remained to bring the
project to a vote. Polls have shown significant opposition to the project as
originally proposed.
While Kilroy
hasn’t revealed the size of the scaled-down project company officials said the
compromise would cut in half the impact on traffic. The deal also downsizes
office tower height from nine to seven stories, and the entire development will
be at least 30 feet from bordering streets. No details are available on whether
the deal will reduce the number of residential units, but the original plan
called for about 600 condominiums and apartments.
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