Doria at Stonegate

test said:
test said:
zakami said:
The same way the assisted living development at Tustin Legacy will affect prices at Columbus Square.

I think you're confusing North Tustin with Tustin Legacy.

Why Tustin Legacy wasn't chosen - higher cost keeps the riff raff out.

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Tustin Legacy Alternative Site

In response to community input during scoping for the EIR, the feasibility of developing an alternate site on the former Marine Corps Air Station (MCAS), Tustin was evaluated. The MCAS Tustin Specific Plan/Reuse Plan Project area encompasses approximately 1,606 gross acres. The majority of the Plan area, 1,511 acres, lies in the southern portion of the City of Tustin. The Land Use Plan contains thirteen (13) separate land use designations. There are 444.6 gross acres available for residential development and development of up to 4601 dwelling units. Approximately 20 percent of the Plan area has been dedicated to recreation and open space uses, including an approximate 84-acre Urban Regional Park, a 25-acre Community Park. The area is now called Tustin Legacy.

Kisco Senior Living, who will be the developer of the proposed Project on behalf of the Diocese, has looked in the Tustin Legacy area to acquire an 8 ? to 10-acre site for a senior living community for several years. As recently as 18 months ago, land owners wanted approximately $2 million per acre for the land. More recently, owners have discussed a land price of $1.5 million per acre (Ferrero 2009). Tustin Legacy is in a Mello-Roos Community Facilities District (CFD) which allows for financing of public improvements and services. A special tax lien is placed against each property in the CFD and property owners then pay the tax each year. By law (Proposition 13), the special tax cannot be directly based on the value of the property. Instead, taxes are based on mathematical formulas that take into account property characteristics such as use of the property, square footage of the structure and lot size. Parcels evaluated by Kisco Senior Living included a property tax rate up to the County maximum of 2 percent (Ferrero 2009). In addition to the higher property taxes, redevelopment of the 84-acre regional Park (Legacy Park) would include a master association as well as sub-associations. Based on discussions, it is anticipated that association fees would be approximately $300,000 per year for an 8- to 10-acre parcel, subject to final design plans.

The proposed Project site was donated to the Catholic Diocese in 1958 with the intent that the land would be used to fulfill the faith-based mission of the Diocese. To develop a senior living community in the Tustin Legacy area, the Diocese would need to sell the land it owns outright in the NTSP and purchase land at Tustin Legacy. If sold, the land would most likely be developed as single family homes. As discussed above, land at Tustin Legacy would cost between $12 million and $20 million, depending on cost per acre and parcel size. Furthermore, the higher tax rate of the CFD (2 percent) at Tustin Legacy would cost the Diocese between 240,000 and 400,000 annually, a dramatic increase over property taxes costs for the NTSP land. In addition to increased taxes, land at Tustin Legacy would result in annual association fees of approximately $300,000. The high costs of land, annual property taxes, and association fees makes the development of senior living community at Tustin Legacy more difficult, and less economically viable as compared to the proposed Project site in the NTSP. Finally, the Diocese believes that selling the donated land, and its likely development as single family homes by a home-builder, would undermine the trust established between donors and the faith-based mission they choose to support when gifting the land to the Catholic Church. It is essential to the Church?s mission that trustworthiness and respect for donor intent are maintained by assuring that donations are used for the purpose expressed. Consequently, Tustin Legacy Alternative Site has been rejected from further analysis.

Won't the higher cost of land, association fees, and taxes keep many businesses from moving or opening at this site?  A big part of the plan is jobs and a mini city in that area.  How will they attract any companies or businesses with such high tax rates?
 
rkp said:
test said:
test said:
zakami said:
The same way the assisted living development at Tustin Legacy will affect prices at Columbus Square.

I think you're confusing North Tustin with Tustin Legacy.

Why Tustin Legacy wasn't chosen - higher cost keeps the riff raff out.

------------------------------------------------------------------------------------------

Tustin Legacy Alternative Site

In response to community input during scoping for the EIR, the feasibility of developing an alternate site on the former Marine Corps Air Station (MCAS), Tustin was evaluated. The MCAS Tustin Specific Plan/Reuse Plan Project area encompasses approximately 1,606 gross acres. The majority of the Plan area, 1,511 acres, lies in the southern portion of the City of Tustin. The Land Use Plan contains thirteen (13) separate land use designations. There are 444.6 gross acres available for residential development and development of up to 4601 dwelling units. Approximately 20 percent of the Plan area has been dedicated to recreation and open space uses, including an approximate 84-acre Urban Regional Park, a 25-acre Community Park. The area is now called Tustin Legacy.

Kisco Senior Living, who will be the developer of the proposed Project on behalf of the Diocese, has looked in the Tustin Legacy area to acquire an 8 ? to 10-acre site for a senior living community for several years. As recently as 18 months ago, land owners wanted approximately $2 million per acre for the land. More recently, owners have discussed a land price of $1.5 million per acre (Ferrero 2009). Tustin Legacy is in a Mello-Roos Community Facilities District (CFD) which allows for financing of public improvements and services. A special tax lien is placed against each property in the CFD and property owners then pay the tax each year. By law (Proposition 13), the special tax cannot be directly based on the value of the property. Instead, taxes are based on mathematical formulas that take into account property characteristics such as use of the property, square footage of the structure and lot size. Parcels evaluated by Kisco Senior Living included a property tax rate up to the County maximum of 2 percent (Ferrero 2009). In addition to the higher property taxes, redevelopment of the 84-acre regional Park (Legacy Park) would include a master association as well as sub-associations. Based on discussions, it is anticipated that association fees would be approximately $300,000 per year for an 8- to 10-acre parcel, subject to final design plans.

The proposed Project site was donated to the Catholic Diocese in 1958 with the intent that the land would be used to fulfill the faith-based mission of the Diocese. To develop a senior living community in the Tustin Legacy area, the Diocese would need to sell the land it owns outright in the NTSP and purchase land at Tustin Legacy. If sold, the land would most likely be developed as single family homes. As discussed above, land at Tustin Legacy would cost between $12 million and $20 million, depending on cost per acre and parcel size. Furthermore, the higher tax rate of the CFD (2 percent) at Tustin Legacy would cost the Diocese between 240,000 and 400,000 annually, a dramatic increase over property taxes costs for the NTSP land. In addition to increased taxes, land at Tustin Legacy would result in annual association fees of approximately $300,000. The high costs of land, annual property taxes, and association fees makes the development of senior living community at Tustin Legacy more difficult, and less economically viable as compared to the proposed Project site in the NTSP. Finally, the Diocese believes that selling the donated land, and its likely development as single family homes by a home-builder, would undermine the trust established between donors and the faith-based mission they choose to support when gifting the land to the Catholic Church. It is essential to the Church?s mission that trustworthiness and respect for donor intent are maintained by assuring that donations are used for the purpose expressed. Consequently, Tustin Legacy Alternative Site has been rejected from further analysis.

Won't the higher cost of land, association fees, and taxes keep many businesses from moving or opening at this site?  A big part of the plan is jobs and a mini city in that area.  How will they attract any companies or businesses with such high tax rates?
Maybe that's the riff raff Test wants to be kept out.  hahaha
 
test said:
test said:
zakami said:
The same way the assisted living development at Tustin Legacy will affect prices at Columbus Square.

I think you're confusing North Tustin with Tustin Legacy.

Why Tustin Legacy wasn't chosen - higher cost keeps the riff raff out.

------------------------------------------------------------------------------------------

Tustin Legacy Alternative Site

In response to community input during scoping for the EIR, the feasibility of developing an alternate site on the former Marine Corps Air Station (MCAS), Tustin was evaluated. The MCAS Tustin Specific Plan/Reuse Plan Project area encompasses approximately 1,606 gross acres. The majority of the Plan area, 1,511 acres, lies in the southern portion of the City of Tustin. The Land Use Plan contains thirteen (13) separate land use designations. There are 444.6 gross acres available for residential development and development of up to 4601 dwelling units. Approximately 20 percent of the Plan area has been dedicated to recreation and open space uses, including an approximate 84-acre Urban Regional Park, a 25-acre Community Park. The area is now called Tustin Legacy.

Kisco Senior Living, who will be the developer of the proposed Project on behalf of the Diocese, has looked in the Tustin Legacy area to acquire an 8 ? to 10-acre site for a senior living community for several years. As recently as 18 months ago, land owners wanted approximately $2 million per acre for the land. More recently, owners have discussed a land price of $1.5 million per acre (Ferrero 2009). Tustin Legacy is in a Mello-Roos Community Facilities District (CFD) which allows for financing of public improvements and services. A special tax lien is placed against each property in the CFD and property owners then pay the tax each year. By law (Proposition 13), the special tax cannot be directly based on the value of the property. Instead, taxes are based on mathematical formulas that take into account property characteristics such as use of the property, square footage of the structure and lot size. Parcels evaluated by Kisco Senior Living included a property tax rate up to the County maximum of 2 percent (Ferrero 2009). In addition to the higher property taxes, redevelopment of the 84-acre regional Park (Legacy Park) would include a master association as well as sub-associations. Based on discussions, it is anticipated that association fees would be approximately $300,000 per year for an 8- to 10-acre parcel, subject to final design plans.

The proposed Project site was donated to the Catholic Diocese in 1958 with the intent that the land would be used to fulfill the faith-based mission of the Diocese. To develop a senior living community in the Tustin Legacy area, the Diocese would need to sell the land it owns outright in the NTSP and purchase land at Tustin Legacy. If sold, the land would most likely be developed as single family homes. As discussed above, land at Tustin Legacy would cost between $12 million and $20 million, depending on cost per acre and parcel size. Furthermore, the higher tax rate of the CFD (2 percent) at Tustin Legacy would cost the Diocese between 240,000 and 400,000 annually, a dramatic increase over property taxes costs for the NTSP land. In addition to increased taxes, land at Tustin Legacy would result in annual association fees of approximately $300,000. The high costs of land, annual property taxes, and association fees makes the development of senior living community at Tustin Legacy more difficult, and less economically viable as compared to the proposed Project site in the NTSP. Finally, the Diocese believes that selling the donated land, and its likely development as single family homes by a home-builder, would undermine the trust established between donors and the faith-based mission they choose to support when gifting the land to the Catholic Church. It is essential to the Church?s mission that trustworthiness and respect for donor intent are maintained by assuring that donations are used for the purpose expressed. Consequently, Tustin Legacy Alternative Site has been rejected from further analysis.

Higher cost sends property values plummeting!
 
IndieDev said:
USCTrojanCPA said:
Maybe that's the riff raff Test wants to be kept out.  hahaha

Yeah that would really add value to Tustin Legacy. Empty commercial retail space baby!

Where will the kids go when the contination school lets out then?
 
shadax said:
IndieDev said:
USCTrojanCPA said:
Maybe that's the riff raff Test wants to be kept out.  hahaha

Yeah that would really add value to Tustin Legacy. Empty commercial retail space baby!

Where will the kids go when the contination school lets out then?

They could play by the old hangar. Just give them some leather gloves, and a good asbestos mask, should be good!
 
IndieDev said:
shadax said:
IndieDev said:
USCTrojanCPA said:
Maybe that's the riff raff Test wants to be kept out.  hahaha

Yeah that would really add value to Tustin Legacy. Empty commercial retail space baby!

Where will the kids go when the contination school lets out then?

They could play by the old hangar. Just give them some leather gloves, and a good asbestos mask, should be good!
I think we've just outed IndieDev as James Sokolove, trying to drum up some future Mesothelioma lawsuit $$
 
rkp said:
test said:
test said:
zakami said:
The same way the assisted living development at Tustin Legacy will affect prices at Columbus Square.

I think you're confusing North Tustin with Tustin Legacy.

Why Tustin Legacy wasn't chosen - higher cost keeps the riff raff out.

------------------------------------------------------------------------------------------

Tustin Legacy Alternative Site

In response to community input during scoping for the EIR, the feasibility of developing an alternate site on the former Marine Corps Air Station (MCAS), Tustin was evaluated. The MCAS Tustin Specific Plan/Reuse Plan Project area encompasses approximately 1,606 gross acres. The majority of the Plan area, 1,511 acres, lies in the southern portion of the City of Tustin. The Land Use Plan contains thirteen (13) separate land use designations. There are 444.6 gross acres available for residential development and development of up to 4601 dwelling units. Approximately 20 percent of the Plan area has been dedicated to recreation and open space uses, including an approximate 84-acre Urban Regional Park, a 25-acre Community Park. The area is now called Tustin Legacy.

Kisco Senior Living, who will be the developer of the proposed Project on behalf of the Diocese, has looked in the Tustin Legacy area to acquire an 8 ? to 10-acre site for a senior living community for several years. As recently as 18 months ago, land owners wanted approximately $2 million per acre for the land. More recently, owners have discussed a land price of $1.5 million per acre (Ferrero 2009). Tustin Legacy is in a Mello-Roos Community Facilities District (CFD) which allows for financing of public improvements and services. A special tax lien is placed against each property in the CFD and property owners then pay the tax each year. By law (Proposition 13), the special tax cannot be directly based on the value of the property. Instead, taxes are based on mathematical formulas that take into account property characteristics such as use of the property, square footage of the structure and lot size. Parcels evaluated by Kisco Senior Living included a property tax rate up to the County maximum of 2 percent (Ferrero 2009). In addition to the higher property taxes, redevelopment of the 84-acre regional Park (Legacy Park) would include a master association as well as sub-associations. Based on discussions, it is anticipated that association fees would be approximately $300,000 per year for an 8- to 10-acre parcel, subject to final design plans.

The proposed Project site was donated to the Catholic Diocese in 1958 with the intent that the land would be used to fulfill the faith-based mission of the Diocese. To develop a senior living community in the Tustin Legacy area, the Diocese would need to sell the land it owns outright in the NTSP and purchase land at Tustin Legacy. If sold, the land would most likely be developed as single family homes. As discussed above, land at Tustin Legacy would cost between $12 million and $20 million, depending on cost per acre and parcel size. Furthermore, the higher tax rate of the CFD (2 percent) at Tustin Legacy would cost the Diocese between 240,000 and 400,000 annually, a dramatic increase over property taxes costs for the NTSP land. In addition to increased taxes, land at Tustin Legacy would result in annual association fees of approximately $300,000. The high costs of land, annual property taxes, and association fees makes the development of senior living community at Tustin Legacy more difficult, and less economically viable as compared to the proposed Project site in the NTSP. Finally, the Diocese believes that selling the donated land, and its likely development as single family homes by a home-builder, would undermine the trust established between donors and the faith-based mission they choose to support when gifting the land to the Catholic Church. It is essential to the Church?s mission that trustworthiness and respect for donor intent are maintained by assuring that donations are used for the purpose expressed. Consequently, Tustin Legacy Alternative Site has been rejected from further analysis.

Won't the higher cost of land, association fees, and taxes keep many businesses from moving or opening at this site?  A big part of the plan is jobs and a mini city in that area.  How will they attract any companies or businesses with such high tax rates?

Hmmm, not sure.  Ask San Francisco how they do it, and Oklahoma how they don't do it.
 
Uh, because San Francisco is a major international world city, and a key center of commerce on the West Coast of the United States.

Tustin is...... none of the above.
 
I found some of the postings on this thread is a bit misleading.  I did my research and found:

1. Affordable housing is everywhere in Irvine.  http://www.cityofirvine.org/civica/filebank/blobdload.asp?BlobID=12855.  Most of the neighbor have affordable housing, such as Woodbury, Woodbridge, Westpark, etc.  For instance, The Arbor at Woodbury was developed by  the same non-profitable organization as Doria.  I have not heard the Woodbury property value is affected by that.

2. Affordable housing is for family with household income of 30% - 60% of city's median income.  In Irvine, the median income is 85,000.  so we are talking about family with household income of 25000 to 51000.  They can be your kids elementary school teachers, librarian, firefighters, etc.  all well-educated people with respectable career.  check this link:http://www.hcd.ca.gov/hpd/mythsnfacts.pdf.

3. Nowhere says Doria is sponsored by MHSA funding, right?  So i don't understand where this "project for serious mental illness" coming from.  All the disclosure documents says it's affordable housing as required by the city.  It is developed by Jamboree Co, the same one which developed the Arbor at Woodbury.

4. The apartment is just as nice as other "regular" apartment.  If I didn't know I could never tell it's affordable housing.  This is true for all the Jamboree developed apartments, as I read in another thread talking about the Arbor at Woodbury.  So no concern about the outlook of community there.

I hope this can help clarifying some misleading information.  I'm considering buying a home there so I need to do the research. 
 
Thanks for sharing, newbuyer! My husband and I are doing our research too and here's what we found:

Yes, affordable housing is everywhere in Irvine but Doria, based on our research, is the only ?one (Please correct if this is incorrect) that has 10 units funded by the MHSA (Mental Health Services Act).
http://cams.ocgov.com/Web_Publisher/Agenda06_07_2011_files/images/A11-000734.HTM
http://www.ochealthinfo.com/docs/be...ring_Committee_/Steering_Committee_8.1.11.pdf

We tried to find out the criteria for living in those 10 units but couldn't come up with a lot of information via the official MHSA website:
http://www.dmh.ca.gov/prop_63/mhsa/default.asp

While we are completely open to the idea of helping individuals with their road to recovery, it'd be helpful to learn more about the impact of these MHSA projects on the resale value of homes within that same village - any thoughts would be appreciated! :)
 
Thank you, yellowplum.  Ok, there are 10 units (funded by MHSA funding) in Doria apt are reserved for families receive mental health service, as I read in this article:http://www.jamboreehousing.com/index.php?option=com_content&view=category&layout=blog&id=16&Itemid=28&properties=detail&property_id=68.  But that can mean a lot of different things, right?  We just don't know exactly what it is.  Here are my thoughts:

1. Those ten families will live in the same apartment complex with other "normal" families.  So I'd think the selection criteria will be very strict and applicants will be carefully screened.  There should be no safety or living environment concerns.

2. There is Stonegate elementary school nearby.  I'd think any negative impact if any (by these 10 units) to the community would be mitigated.

3. As far as impact to the property value at Stonegate, I think it is still too early to tell.  But I think with good reputation of property management from Jamboree Co and Irvine company, I'm sure it'll be very well managed just like any other affoardable housing in Irvine.  Stonegate just started and far from fully built out.  I think after it is fully built out it'll be just as nice as Woodbury.  Woodbury has been there for 6 or 7 years?

Just my two cents. 

 
Another thought.  Like someone else said in this thread, in any neighborhood there can be families with "problems".  You can't totally avoid it.  I live in a nice neighborhood in Irvine.  There was a guy killed himself (guess depression?) in the house only serveral houses away from ours.  Did we know that at the time it happened?  No.  Did it impact us in any way?  No.  Did this affect the property value in general?  No.  So I would not be too concerned about those 10 units out of 134 units at Doria.  I'm still buying at Stonegate :)
 
Regardless of what goes in, I dont see Stonegate as being "nicer" than Woodbury.  Just look at the overall site map.  You have the Palmeras and Mirasol apartment complexes, plus the addition of Doria.  That will be 3 apartment complexes in the small area.  For the homes, you have santa clara townhomes, and san mateo, both at entry price points.  San Marcos and Maricopa are pricer versions, but Maricopa is the most expensive current community with the largest plan topping out at sub $950K.  If you look at the village map, it does look like there are lots designated for future SFR is the Northern Central/ Eastern part of the community but who knows what that will look like.  Some may be turned off by Stonegate elementary if its populated by the "apartment dwellers" as in the case in my friends community in Laguna Niguel. 

Nicer than Woodbury?  It may not be right, but often times the surrounding area affects the attractiveness of it.  In Woodbury, you have Sonoma, Carmel, Carmel II, Las Colinas, Mille Fleurs, Rosemoor, etc...    These are seemingly "nicer" anchor communities in my opinion.  There are apartment complexes, but they are more spread out. 

But I guess it's all perception...  I live in the cheapest/ghetto part of "new Irvine", that being West Irvine.  Houses seem to be on average about 10-12% cheaper here.  Howver, there are no apartments really in the area and the schools are great (Myford/Pioneer/Beckman).  I think people don't like it because the houses are pretty plain and you dont see the tuscan stone-faced homes that people seem to gravitate to. 
 
akim997 said:
Some may be turned off by Stonegate elementary if its populated by the "apartment dwellers" as in the case in my friends community in Laguna Niguel. 

im guessing that every irvine school has its share of apartment dwellers, i highly doubt that would make a difference. if anything, Stonegate feeds into Northwood high vs Woodbury to Irvine High, that is probably a bigger plus for Stonegate.
 
akim997 said:
Nicer than Woodbury?  It may not be right, but often times the surrounding area affects the attractiveness of it.  In Woodbury, you have Sonoma, Carmel, Carmel II, Las Colinas, Mille Fleurs, Rosemoor, etc...    These are seemingly "nicer" anchor communities in my opinion.  There are apartment complexes, but they are more spread out. 

the fact that the apt communities are together one on side of stonegate is probably a plus as compared to woodbury. In woodbury they are spread out and perhaps every part of woodbury has to deal with apartment dwellers. i would rather have all of the apartment dwellers have one side of the neighborhood and not be comingled with the rich homeowners on the other side.
 
I agree with Irivne Home Owner. There are other more important issues that affect the value of the housing in that area.

Anyone else has issues with noisy contruction trucks traveling on Sand Canyon and Irvine Blvd after midnight?

City's Noise Ordinance Id. Section 6-8-205A.
Commercial Deliveries/Pickups
Commercial deliveries or pickups for commercial properties that share a property line with any residential property are required to limit the hours of delivery/pickup service to 7:00 AM through 10:00 PM daily, as outlined in the City?s Noise Ordinance.3
 
Doria just opened the floodgates.

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DSC09837.JPG


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DSC09844.JPG

 
akim997 said:
Regardless of what goes in, I dont see Stonegate as being "nicer" than Woodbury.  Just look at the overall site map.  You have the Palmeras and Mirasol apartment complexes, plus the addition of Doria.  That will be 3 apartment complexes in the small area.  For the homes, you have santa clara townhomes, and san mateo, both at entry price points.  San Marcos and Maricopa are pricer versions, but Maricopa is the most expensive current community with the largest plan topping out at sub $950K.  If you look at the village map, it does look like there are lots designated for future SFR is the Northern Central/ Eastern part of the community but who knows what that will look like.  Some may be turned off by Stonegate elementary if its populated by the "apartment dwellers" as in the case in my friends community in Laguna Niguel. 

Nicer than Woodbury?  It may not be right, but often times the surrounding area affects the attractiveness of it.  In Woodbury, you have Sonoma, Carmel, Carmel II, Las Colinas, Mille Fleurs, Rosemoor, etc...    These are seemingly "nicer" anchor communities in my opinion.  There are apartment complexes, but they are more spread out. 

But I guess it's all perception...  I live in the cheapest/ghetto part of "new Irvine", that being West Irvine.  Houses seem to be on average about 10-12% cheaper here.  Howver, there are no apartments really in the area and the schools are great (Myford/Pioneer/Beckman).  I think people don't like it because the houses are pretty plain and you dont see the tuscan stone-faced homes that people seem to gravitate to.

Woodbury is nicer than Stonegate and there is not much debate there. It is the schools that gives Stonegate an advantage.

I don't know why West Irvine is considered ghetto because its area code is 714, in TUSD and with plain looking housing? The schools are really on par with Irvine (sans schools South of 405) and the surrounding area is pretty nice as well (parks/trails/openess/Market Place). To me it is good bang for the buck - you get all the Irvine has to offer, without the Irvine pricing, plus it is still inside the city boundary as well.

But unfortunately I think the perception will not change over time and will affect resale value. People are all about Northwood and Uni HS nowadays. Beckman with its high percentage of Latinos are not very attractive and remind too much of Santa Ana.
 
The Motor Court Company said:
Beckman with its high percentage of Latinos are not very attractive and remind too much of Santa Ana.

Look at the boundary map for Beckman and you can't stop laughing.
 
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