[quote=flyer]At one point, yes, flu, when friends who still live there became so concerned about it–we rallied with them against it–based on “quality of life issues,” as have been discussed.
I have read/heard that over 40K people are expected to move to San Diego this year, with more and more in the future, but, even though projects like One Paseo will help accomodate this need for housing, and may not adversely effect property values, I think it will change the quality of life in “The Valley” (great satire, BTW). Hopefully, most of it will be positive, but only time will tell.[/quote]
But this to me doesn’t make sense. One Paseo is right across the street from Del Mar Highlands Town Center. This area is primarily commercial already.The main residential communities around are townhomes,apartments, and condos, not SFH. The majority of SFH’s are north of del mar heights, or on the side of carmel creek and carmel country rd. I don’t see how this community, as large as it is, is going to be affecting the property values of all the SFH’s that mostly further away. It’s not like the tenants of these new apartments inside One Paseo are going to be cross-shopping between renting there and buying a SFH in the area.
This new mall, will also most likely be high end. I could understand the concern if they were going to stick a walmart, dollar tree, or even target in there. But I doubt that will be the case. Rent prices for these retail locations will be high for businesses, as they are just as high in every other retail location in Carmel Valley. And if they bring in high end retail, the snooty factor of 92130 just went up even more (I’m being serious on this one).
The main impact would mainly be the elementary school that primarily services that area, which belongs to solana beach. The few schools further out DMUSD don’t serve this area, and if they did, those schools aren’t filled to capacity at all.
There might be an impact to the middle school, but they are already building another middle school near canyon crest.Might add more kids to Torrey Pines HS too.
The other impact might be the attached communities right next to this area, but with the influx of more people coming in, I doubt there will ever be surplus of rentals. People had the same concern about mira mesa when they started building that huge apartment complex at the end of I-15, thinking with that many units they are adding, it would drive rent prices down. It hasn’t. Those luxury apartments rent at a premium and everyone else has been seeing rent prices continue to rise and demand is as strong if not stronger than before.
The only thing that I’m bothered by are those new apartments in One Paseo will be owned by Kilroy most likely, and not available for purchase I think.
