SAN DIEGO-City planners have given the nod to a 66-acre commercial project by LandGrant Development that could further stimulate commerce at the Mexican border in San Ysidro.

The San Diego Planning Commission last week approved the $260-million, 1.4-million-sf Gateway of the Americas project, which could be under construction by the beginning of the year and open next fall. The project still needs the approval of the city council.

A local measure on next week’s ballot will play a key role in the project’s future. The measure would give LandGrant an exemption to the city’s height regulations for retail buildings and allow construction of a pedestrian bridge to Tijuana.

Among the retail components of the project is a 650,000-sf shopping center with at least 100 stores. If the council approves the project, the city could kick in $20 million toward development over the next 30 years.

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