[quote=bearishgurl]AN, I haven’t looked at the map really close but it seems to me that houses situated off whichever streets are more backed up with traffic due to this new project would be worth less in the future – simply because of more local traffic and it being harder to get in/out of the area onto a thoroughfare. Also, perhaps a few local schools will be MUCH more crowded after buildout until new schools are actually up and running to serve the residents of this project.[/quote]
Camino Ruiz is that main street. Most of the housing off that street near the new development are apartments. So its value shouldn’t matter to most the current residences. I was referring to SFR in MM as a whole. Will increase density help or hurt the area?
Increase density will always mean more traffic. However, they’re doing the traffic study right now and they’re expanding Carroll Canyon Rd. to be a 3rd east/west feeder road (along with MM Blvd. and Miramar Rd.). So, I’m not too concern about traffic. In the medium/long term, they’re also talking about adding light rail near Carroll Canyon Rd that would connect to UTC and on down to Downtown.
WRT to schools, they’re building another elementary school in MM. I’m not sure what they’ll do about Middle and HS though. I’m sure they can expand them. The schools would be old enough by the time this development gets built out, that it’s probably time to rebuild anyways (since there are quite a few bungalows).
