Another Temecula Builder folds it’s tent-Morgan hill

[paramount]

Another Possible Closure? Summerhouse near Temecula Parkway and Margarita looks shutdown. Most of the landscaping has died, I have not noticed any construction going on.

Another one bites the bust…?

[temeculaguy]

I figured that one would fail even before prices declined. Those were condos for 55+ asking sfr prices because it was walking distance to the future hospital, grocery and drug store. It was bad marketing but would work well as rentals. The demographic that wants to be within walking distance to a hospital, food and prescriptions and is over 55 is, unfortunately, is someone with a serious medical condition or one foot in the grave. The age restrictions prohibits many of the employees at a 24 hr trauma center that might like the convenience of walking to work and the amount of time that someone is able to walk and doesn’t need a skilled nursing facility but needs to be close to those things is not long enough to warrant buying. That place would have been better off as rentals, my guess is that an investor will buy it and make it rentals since it’s target demographic is transitionary.

With the NIMBY’s and the unions holding up groundbreaking of the hospital, the appeal of the adjacent housing just isn’t there yet.

[temeculaguy]

I figured that one would fail even before prices declined. Those were condos for 55+ asking sfr prices because it was walking distance to the future hospital, grocery and drug store. It was bad marketing but would work well as rentals. The demographic that wants to be within walking distance to a hospital, food and prescriptions and is over 55 is, unfortunately, is someone with a serious medical condition or one foot in the grave. The age restrictions prohibits many of the employees at a 24 hr trauma center that might like the convenience of walking to work and the amount of time that someone is able to walk and doesn’t need a skilled nursing facility but needs to be close to those things is not long enough to warrant buying. That place would have been better off as rentals, my guess is that an investor will buy it and make it rentals since it’s target demographic is transitionary.

With the NIMBY’s and the unions holding up groundbreaking of the hospital, the appeal of the adjacent housing just isn’t there yet.

[temeculaguy]

I figured that one would fail even before prices declined. Those were condos for 55+ asking sfr prices because it was walking distance to the future hospital, grocery and drug store. It was bad marketing but would work well as rentals. The demographic that wants to be within walking distance to a hospital, food and prescriptions and is over 55 is, unfortunately, is someone with a serious medical condition or one foot in the grave. The age restrictions prohibits many of the employees at a 24 hr trauma center that might like the convenience of walking to work and the amount of time that someone is able to walk and doesn’t need a skilled nursing facility but needs to be close to those things is not long enough to warrant buying. That place would have been better off as rentals, my guess is that an investor will buy it and make it rentals since it’s target demographic is transitionary.

With the NIMBY’s and the unions holding up groundbreaking of the hospital, the appeal of the adjacent housing just isn’t there yet.

[temeculaguy]

I figured that one would fail even before prices declined. Those were condos for 55+ asking sfr prices because it was walking distance to the future hospital, grocery and drug store. It was bad marketing but would work well as rentals. The demographic that wants to be within walking distance to a hospital, food and prescriptions and is over 55 is, unfortunately, is someone with a serious medical condition or one foot in the grave. The age restrictions prohibits many of the employees at a 24 hr trauma center that might like the convenience of walking to work and the amount of time that someone is able to walk and doesn’t need a skilled nursing facility but needs to be close to those things is not long enough to warrant buying. That place would have been better off as rentals, my guess is that an investor will buy it and make it rentals since it’s target demographic is transitionary.

With the NIMBY’s and the unions holding up groundbreaking of the hospital, the appeal of the adjacent housing just isn’t there yet.

[temeculaguy]

I figured that one would fail even before prices declined. Those were condos for 55+ asking sfr prices because it was walking distance to the future hospital, grocery and drug store. It was bad marketing but would work well as rentals. The demographic that wants to be within walking distance to a hospital, food and prescriptions and is over 55 is, unfortunately, is someone with a serious medical condition or one foot in the grave. The age restrictions prohibits many of the employees at a 24 hr trauma center that might like the convenience of walking to work and the amount of time that someone is able to walk and doesn’t need a skilled nursing facility but needs to be close to those things is not long enough to warrant buying. That place would have been better off as rentals, my guess is that an investor will buy it and make it rentals since it’s target demographic is transitionary.

With the NIMBY’s and the unions holding up groundbreaking of the hospital, the appeal of the adjacent housing just isn’t there yet.

[paramount]

TG: I agree they will become rentals, the units appear to be pretty nice. They probably have to get the proprty rezoned as rentals.

I talked to the Temecula Mayor about a month ago regarding the hospital and he stated they were just waiting for state permits. At the same time, he did say they have been hand holding Southwest to get this project in gear.

Although, with the state of the economy, I wonder if it will ever happen.

I also told the mayor I thought the plans were to grand, and that if we can’t get this hospital done at least put in a hospital like they have in Big Bear. A small hospital that can handle urgent cases.

Even that would be greatly helpful at this point.

[paramount]

TG: I agree they will become rentals, the units appear to be pretty nice. They probably have to get the proprty rezoned as rentals.

I talked to the Temecula Mayor about a month ago regarding the hospital and he stated they were just waiting for state permits. At the same time, he did say they have been hand holding Southwest to get this project in gear.

Although, with the state of the economy, I wonder if it will ever happen.

I also told the mayor I thought the plans were to grand, and that if we can’t get this hospital done at least put in a hospital like they have in Big Bear. A small hospital that can handle urgent cases.

Even that would be greatly helpful at this point.

[paramount]

TG: I agree they will become rentals, the units appear to be pretty nice. They probably have to get the proprty rezoned as rentals.

I talked to the Temecula Mayor about a month ago regarding the hospital and he stated they were just waiting for state permits. At the same time, he did say they have been hand holding Southwest to get this project in gear.

Although, with the state of the economy, I wonder if it will ever happen.

I also told the mayor I thought the plans were to grand, and that if we can’t get this hospital done at least put in a hospital like they have in Big Bear. A small hospital that can handle urgent cases.

Even that would be greatly helpful at this point.

[paramount]

TG: I agree they will become rentals, the units appear to be pretty nice. They probably have to get the proprty rezoned as rentals.

I talked to the Temecula Mayor about a month ago regarding the hospital and he stated they were just waiting for state permits. At the same time, he did say they have been hand holding Southwest to get this project in gear.

Although, with the state of the economy, I wonder if it will ever happen.

I also told the mayor I thought the plans were to grand, and that if we can’t get this hospital done at least put in a hospital like they have in Big Bear. A small hospital that can handle urgent cases.

Even that would be greatly helpful at this point.

[paramount]

TG: I agree they will become rentals, the units appear to be pretty nice. They probably have to get the proprty rezoned as rentals.

I talked to the Temecula Mayor about a month ago regarding the hospital and he stated they were just waiting for state permits. At the same time, he did say they have been hand holding Southwest to get this project in gear.

Although, with the state of the economy, I wonder if it will ever happen.

I also told the mayor I thought the plans were to grand, and that if we can’t get this hospital done at least put in a hospital like they have in Big Bear. A small hospital that can handle urgent cases.

Even that would be greatly helpful at this point.

[Author]

Posts