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SAN DIEGO-Lured by the region’s tight market for upscale rentals, the Handlery hotel chain is linking up with a local developer in an effort to build a 350-unit luxury apartment complex in Mission Valley.

San Francisco-based Handlery Hotels and Solano Beach-based Chelsea Investment Corp. want to build The Presidio View at the site of the closed Cinema 21 Theater on Hotel Circle North, now being used by a church group. The hotelier is also mulling an expansion of its nearby Handlery Hotel and Resort.

The city planning commission is scheduled to consider the plan, which would require a zoning change from commercial to residential, on Aug 10. The developers hope to start construction early next year and complete the project about 18 months later.

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