[quote=AN][quote=bearishgurl]I mean, now many units is too much? Isn’t a 5000 + 1800 (6800) unit-projection a little “ambitious?” I understand they will be fairly close to SV but is this REALLY where every incoming worker wants to live given all the choices in this county? And will their REALLY be enough tenants to fill all these units that actually want to live in them?
These projects, if actually built, don’t seem to bode too well for the quality of life of the long-established resident homeowners in MM.[/quote]
The 1800+ apartments is being built right now. While the Stone Creek masterplan won’t start building for at least another 3-5 years. Which mean, they won’t be done for at least another 10 years. Also keep in mind that Stone Creek is a mixed used master plan, so there will be commercial and retail w/in this masterplan. So, these new businesses will bring in new renters to the area. I’m sure the builders have done their investigation and they think there’s enough demand to build it, which is why they are. I trust that they do their due diligence before spending their millions more than some anonymous online poster.
I’m a established resident and I’m excited about the master plan. Not only will the master plan brings more parks and trails to the area, they will also bring in retail. Which means more restaurant options. Due to increase demand, this will, hopefully bring in more high end and more mom and pop restaurants. The masterplan is zoned in a way that bring the building up to the side walk, which will encourage walking. The retail will be mixed in with the residential to support both the residential and the workers working at the commercial areas.
Also, because of these two development, the main Mira Mesa park (corner of New Salem and Mira Mesa) will be completely rebuilt. It’s a $25M project and 2/3 of the cost will be footed by these two development. So, that’s a big improvement in quality of life for the current owners.[/quote]
AN,
Do you have details on Stone Creek an the new development on New Salem? Kinda want to get some more info out…Check out the surrounding area…You know. In case there’s a fixer upper… 🙂
I really really really really really wish I had more money at this point that’s at my disposal to invest.. (How many really’s is that…)…
