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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.