San Diego ready to make a deal to turn 101 Ash St. into low-income housing

San Diego ready to make a deal to turn 101 Ash St. into low-income housing

The city of San Diego is preparing to lease its office tower at 101 Ash St. on a long-term basis, at no upfront cost, to a development team that plans to spend hundreds of millions of dollars to convert the property into housing for low-income families. Wednesday, San Diego’s Land Use and Housing Committee will consider the transaction, which includes a 60-year ground lease with housing developers MRK Partners and Create Dev LLC. The proposed de…