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SAN DIEGO-The City Council has approved a 350-unit apartment complex in Mission Valley planned by Chelsea Investment Corp.

Presidio View will be built on a 20.5-acre site on Hotel Circle North, near the Handlery Hotel and Resort. Developers will demolish a formermovie theater and tennis facility on the site. Apartments at the site would rent for up to $1,750 per month.

Some conservationists expressed concern at this week’s City Council meeting that the project could create flooding in the surrounding area.

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