CT 2024-0007/SDP 2024-0021/CDP 2024-0035 (DEV2024-0004)– Rincon CVD

The project involves the demolition of a 5,515-square-foot, single-story former bank building along with its associated drive-through and parking lot in Carlsbad, California, to make way for a five-story mixed-use development. The new structure will include approximately 3,800 square feet of commercial space on the first floor and a 18,687-square-foot parking garage beneath it, providing a total of 50 parking spaces—46 for residential use and four accessible spaces. Above the garage, the building will contain 50 residential units distributed across five floors: 12 units each on the second and fifth floors, and 13 units each on the third and fourth floors. Unit sizes will range from 876 to 2,286 square feet, with 19 one-bedroom, 19 two-bedroom, and 12 three-bedroom units planned. A 50% density bonus is sought, contingent on dedicating 15% of the base density units to very-low-income households (four units) and another 15% to moderate-income households (four units), for a total of eight below-market-rate units. To enable the project’s design and scale, one incentive and six zoning waivers are being requested. The incentive seeks to exempt the project from all commercial electric vehicle parking requirements. The waivers target key development standards including maximum building height and number of stories, a required 10-foot fourth-floor setback, limits on enclosed fourth-floor space, restrictions on wall plane length without variation, minimum ground-floor street frontage depth, and minimum parking stall size in the garage. These adjustments are necessary to accommodate the proposed building form and unit mix while complying with affordability goals. The project is formally identified as CT 2024-0007/SDP 2024-0021/CDP 2024-0035 and is under review by the City of Carlsbad, with Edward Valenzuela as the primary point of contact and Jonathan Frankel representing the applicant. The forecast notice was posted on July 30, 2026, with no solicitation or set-aside details provided.