San Diego Approves Amended $255MM Deal to Convert Troubled 101 Ash Tower into 249 Affordable Units, Rebranded 107 Ash Street

The San Diego City Council amended its ground lease with developer 101 Ash Venture LP to advance the $254.7 million conversion of the long-vacant 101 Ash Street office tower into 249 income-restricted apartments, extending the lease term, adding units and raising the interest the developer will owe the city.