BY EMILY MIBACH
Daily Post Staff Writer
A proposal has been submitted to Redwood City’s planning department to tear down the Mi Rancho Market on Charter Street, behind the Target, and build 72 apartments.
The project, submitted last month, comes from San Carlos developer Ying Wang with the LMT HomeCorp., according to project plans.
Plans call for a 163-space parking lot underneath the building, which at four stories will be about 50 feet tall. There will also be 24 bicycle parking spaces.
The development would replace Mi Rancho, MoneyGram and the surrounding parking lot, from the railroad tracks to roughly parallel with Hancock Street.
No planning commission meeting has been scheduled for the project yet, as the plans are still under review, according to the city’s webpage for the project.