A reader forwarded us an email from Openhouse, which is partnering with developer AF Evans Co. to build an 85-unit affordable housing complex for LGBT seniors at 55 Laguna. The group sent out an email today regarding the fate of the project. AF Evans' recent Chapter 11 filing, the executive director says, "will have minimal impact on the 55 Laguna Street project. ... CEO Art Evans ... re-affirmed the commitment of AF Evans to 55 Laguna and told me that their filing will not affect their efforts on the project. AF Evans is not going out of business and does not plan any layoffs. It is strategically addressing the reality of this unprecedented economic climate." Phew! [Curbed Inbox, previously]
Filed under: