When the plans for these two buildings were approved by the Zoning Commission in 2009 (see the zoning order), it was required that building permits be applied for by August of this year, with construction to begin by August of 2012. However, attempts at funding either the Square 882 189-unit building or 171-unit Square 769N building the have not thus far borne any fruit, and so a time extension is needed. Between them, the buildings would have 72 units reserved for households making less than 60 percent of the area median income, and the Square 769 building would also have just over 4,000 square feet of ground-floor retail space.

The Zoning Commission will hear this request at its meeting on Monday night; because there is no request to modify any portion of the PUD beyond the time requirement, this will most likely be handled as a consent calendar item. There will also be a presentation on this request and the state of the Capper redevelopment in general at Monday's ANC 6D meeting. (There was also one given at Tuesday night's ANC 6B's Planning and Zoning Committee meeting, but I had a baseball game to watch.) But since the Zoning Commission hearing is at the same time as the 6D meeting, it would seem that there is no anticipated opposition from 6D.

The Office of Planning prepared a short report recommending approval of the time extension, showing that the requirements for an extension have been met. It also quotes the development team as saying that there have been 75 outreach efforts for financing, all unsuccessful. "The inability to secure financing for residential projects, especially those including affordable units, is not unusual in the current marketplace."

If you want to know more about these two planned apartment projects, and the other three mixed-income buildings planned along the east side of Canal Park and on the DPW/trash transfer site, my Capper Apartments page has additional background, as do the scads of blog posts I've written on the various plans. And my main Capper page has the background on the entire redevelopment project.

UPDATE: And, of course, within seconds of my pulling the trigger and posting this entry, I've received a copy of the letter to the Zoning Commission requesting the PUD. Which I'm posting before reading.