WALNUT CREEK (KCBS) – Walnut Creek’s economic future may be led by hundreds of new apartment units on the docket.

The city is known as a “build-out community,” meaning there is very little room to expand.

But Walnut Creek Mayor Cindy Silva said several new apartment projects are in the works, utilizing land in and around the downtown area.

KCBS’ Dave Padilla Reports:

“The best place for new housing in the community is in your downtown core area near transportation and transit,” said Silva. “Apartments are what are currently being funded by lenders.”

Silva said it would not be an exaggeration to see more than a thousand new apartment units in the city over the next six to eight years.

Walnut Creek Planning Manager Victoria Walker said this is like growing your own economy.

“I think when you create a great city, people really want to stick around,” she said.

Currently, there are four apartment projects going through the planning process in Walnut Creek. One includes a project at the BART station, which would produce almost 600 new units.

(Copyright 2011 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)


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