Petaluma at Eastwood
- Thread starter MYOB
- Start date
NEW -> Contingent Buyer Assistance Program
I don't doubt that it's eventually coming. But, I think the timelines are generous, especially for #2. We've been talking about that retail being 1-2 years away since at least 2014. I don't like buying on speculation - so as it stands now, PS would be a non-starter for me.
I keep seeing this thrown around but do we have anything that shows that this is actually happening? It's been proposed since about 2006/2007 as part of the circulation plan but is still considered "proposed" from everything that I found/heard. Any additional detailed is appreciated!!
During these years where there's nothing, the appreciation rate will be lower than the more established areas. Compounded against a generous development duration estimate of 5 years, PS would lack behind.
According to CalTran's plan, this Trabuco off ramp was schedule to be completed by 2020.
From AW's post in that linked thread:http://www.dot.ca.gov/dist12/DEA/5widening/Appendices/Appendix_K_RTP_FTIP.pdf
If you're referring to south(east) of the 133 after the 5FWY, that's the Senior living community that is being built by CalAtlantic. They've graded the land and are beginning to build the model homes. The community will be on the corner of Marine Way and Ridge Valley.
It's a mobile home park, but it's 55+ and fairly "upscale" if that's such a thing. It's on 70+ acres and includes services such as a salon, car wash, etc. It's like a small city in there. It'll run you about $400k to get in there (as compared to $100k or $200k in other areas). So, while mobile homes have a negative connotation associated to them - The Groves doesn't exactly fit into that.
I wouldn't hold your breath. AW's document is from 2013 and the interchange was proposed back in 2008.
Fast forward to 2017 and it is still stuck in the "pre-design" phase (page 4):http://ftip.scag.ca.gov/Documents/F2017-FTIP-PriorORA.pdf
The City should have made Verizon pay for the interchange in exchange for approving the amphitheater. Traffic on San Canyon is going to be a nightmare.
potsticker
Active member
OCLuvr said:
I don't doubt that it's eventually coming. But, I think the timelines are generous, especially for #2. We've been talking about that retail being 1-2 years away since at least 2014. I don't like buying on speculation - so as it stands now, PS would be a non-starter for me.
OCLuvr said:
I keep seeing this thrown around but do we have anything that shows that this is actually happening? It's been proposed since about 2006/2007 as part of the circulation plan but is still considered "proposed" from everything that I found/heard. Any additional detailed is appreciated!!
OCLuvr
Active member
potsticker
Active member
OCLuvr said:If you know these things are coming, sooner or later, how do you know appreciation wouldn't be much in PS? I don't think people buy homes with 1-2 years in horizon.
During these years where there's nothing, the appreciation rate will be lower than the more established areas. Compounded against a generous development duration estimate of 5 years, PS would lack behind.
Prototype said:
According to CalTran's plan, this Trabuco off ramp was schedule to be completed by 2020.
From AW's post in that linked thread:http://www.dot.ca.gov/dist12/DEA/5widening/Appendices/Appendix_K_RTP_FTIP.pdf
aquabliss said:
If you're referring to south(east) of the 133 after the 5FWY, that's the Senior living community that is being built by CalAtlantic. They've graded the land and are beginning to build the model homes. The community will be on the corner of Marine Way and Ridge Valley.
potsticker
Active member
PrettyInGray said:
It's a mobile home park, but it's 55+ and fairly "upscale" if that's such a thing. It's on 70+ acres and includes services such as a salon, car wash, etc. It's like a small city in there. It'll run you about $400k to get in there (as compared to $100k or $200k in other areas). So, while mobile homes have a negative connotation associated to them - The Groves doesn't exactly fit into that.
lnc said:
I wouldn't hold your breath. AW's document is from 2013 and the interchange was proposed back in 2008.
Fast forward to 2017 and it is still stuck in the "pre-design" phase (page 4):http://ftip.scag.ca.gov/Documents/F2017-FTIP-PriorORA.pdf
The City should have made Verizon pay for the interchange in exchange for approving the amphitheater. Traffic on San Canyon is going to be a nightmare.