[quote=sdrealtor][quote=jmw]Will 3Roots have any impact on pricing in “old” Mira Mesa?
My thoughts are, no. There are 14k people on the waitlist. People who don’t get in to 3Roots won’t have old Mira Mesa as their backup plan. Also, I don’t see a mass exodus from old Mira Mesa, to new Mira Mesa because why pay more in property tax and HOA.[/quote]
Did San Elijo Hills have any impact on San Marcos,? Did La Costa Valley change South Carlsbad? Did Encinitas Ranch change Encinitas? Did Eastlake change Chula Vista? Did 4S change Rancho Bernardo? You’ll be proven wrong. Won’t happen immediately but give me ten years. Will take any and all bets.[/quote]It also won’t just be 3Roots that will affect MM. There’s an even bigger development called Stonecreek that’ll be about 5-10 years behind 3Roots. They’re estimating that it’ll start building by 2030 and will have ~2.5x more residential unit than 3Roots: https://www.miramesatowncouncil.org/stone-creek/
Not to mention all the business high rises popping up around UTC area. This will bring high income earners to the areas.
Mira Mesa will change drastically over the next 20 years.
With regards to 3Roots specifically, it’ll definitely bring people who can afford $1-1.4m houses to the Southwest part of MM. Their kids will go to Jonas Salk & Challenger, which will change the demographic there and drive up the test scores and image of the schools. 3Roots will be building a huge trail system that will benefit residence of the SW part of MM as well.
Like you sdrealtor, I’m extremely bullish here in the medium to long term.
