Cressa at Portola Springs - The New Home Company
- Thread starter irviniteeee
- Start date
I mean, NW Point and its vicinity was pretty ugly back then. Kinda like Irvine Blvd and vicinity of PSIII now.
I think IUSD is positioning Portola HS as the next best HS (with all the technology and innovation). If they finish the Great Park, the planned shopping center across the street (off Modjeska and Irvine Blvd), build the gated homes (future PS enclaves), and the new HS becomes very well respected, that whole area could rise in value. I think that the members of TI who have been predicting that PS will eventually be a sought after neighborhood were looking at the long term view.
Granted, it will take years for PS to be completed and not sure how long it would take them to finish the golf course, etc. at the Great Park, but a highly coveted HS in itself may be enough to bring up values there.
I think IUSD is positioning Portola HS as the next best HS (with all the technology and innovation). If they finish the Great Park, the planned shopping center across the street (off Modjeska and Irvine Blvd), build the gated homes (future PS enclaves), and the new HS becomes very well respected, that whole area could rise in value. I think that the members of TI who have been predicting that PS will eventually be a sought after neighborhood were looking at the long term view.
Granted, it will take years for PS to be completed and not sure how long it would take them to finish the golf course, etc. at the Great Park, but a highly coveted HS in itself may be enough to bring up values there.
Etinchen said:
You are correct. They will have affordable housing (see my previous post with links) in addition to regular apartments. I think they are anticipating a lot of people wanting to move there before the new school opens. The affordable housing portion is small (it will be at the SE corner of the enclave.)
They will have a bunch of amenities within these affordable housing complex including pool, etc. They usually have an after school homework club at their club house (there is also a HW club at the Stonegate affordable housing complex).
I have actually met couple of moms who are living at these affordable housing complex in Irvine and they were ecstatic when they found out that they would be able to move to Irvine. Their kids are doing well and they are so grateful. I really doubt if any of those residents would do anything to jeopardize their chance at staying in Irvine.
I also live right across from a big affordable housing complex in WB and have walked through it (usually a few times a week) at night to get to my car and have had no problems. I think that the affordable housing is a non-issue.
Yes. BP had ridonkulous MR.
Cressa MR is $5k
Similar sq ft in BP should be around $8-9k range
All MR can increase by 2% compounded every year
BP MR is 40 years, not sure what PS3 is, a lot of TIC property are 30 years (which may not matter as they can refi and make it all indefinite)
Cressa MR is $5k
Similar sq ft in BP should be around $8-9k range
All MR can increase by 2% compounded every year
BP MR is 40 years, not sure what PS3 is, a lot of TIC property are 30 years (which may not matter as they can refi and make it all indefinite)
J
jmoney74
Guest
Wondering how are sales going over here and the other PS products surrounding.
AW said:
You rang?
So they have released 16 total homes - 11 sold, 3 reserved and 2 available. Note that the reserved and available are all Plan 1. They actually all have rear yards! I like these better than Belvedere and Strada, particularly Plan 1 and 2. Wish they had added a downstairs powder room for guests in Plan 3. They had the room to do it.
Only 4.6 miles from Eastwood to PS...
Attachments
J
jmoney74
Guest
DrTravel said:
what's being built in front of the homes along Big Oak.. townhomes?
Perspective
Well-known member
"I like these better than Belvedere and Strada, particularly Plan 1 and 2." DrTravel.
No joke. I agree. I'm not gonna tell the wife about these. She'll be annoyed at the value here.
No joke. I agree. I'm not gonna tell the wife about these. She'll be annoyed at the value here.
Irvinehomeseeker
Active member
Legado Detached condos are in front of Big Oak homes.
J
jmoney74
Guest
Has the traffic here gone down? Cressemtery the culprit?