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San Diego Unified Looks to Sell Properties
Too bad few listened to this...the properties in the Coastal Zone closed at substantially higher prices, but as Chris Brewster said in another article, "if you put your house on the market and you receive immediate offers at that price (or higher), you know you could have gotten more." The FACT is, when I called several local home builders (In SD County), After I sent in comps to the interim CFO that showed the 'real values' of Mission Bay and Barnard, Zero of the 'local builders' I contacted even Knew about the Auction Sale! The Fact that the District had gotten an 'appraisal' from a company that works (a lot) with Builders (and who probably informed them of the auction) quite a few of the 'out of state' builders who bid (also) on the property, tells me that the 'auction' was Not well publicized, was 'planned' for out of town builders (and investors) to benefit from. Sad. And few will remember this until the numbers of students in the beach areas starts to climb unreasonably as the baby boom echo generation's (now beginning to hit the preschools) children hit kindergarten.— July 14, 2015 10:56 a.m.
Building begins on busy corner in Point Loma
Agreed. Just be sure to tell your Jr. & Hi school local kids to make sure someone doesn't 'run into' them/or that they don't turn into kids on their bicycles or walking across the street. Along with the Dozens (nearly 4?) More condos going in where the surfboard place & where the Asian restaurant now sit, that corner is going to be jammed with the traffic from 3,000 kids (many driving as 'teens') to get to and from PLHS & Correia, not to mention Dana. We warned them when I was on PCPB...after actually watching a teen on a bicycle get Hit by a car turning opposite that corner! And the former PCPB member, a developer, insisted that Voltaire had "70 feet" for new traffic lanes (Not if you Include the 10" wide sidewalks), so Where Do the Bicyclists, on the Only level path to the Beach go? On the sidewalk? With one lane of parking on each side, one driving lane And a middle turning lane? Be warned...someone is going to get severely hurt or killed with the Density planned there. The Density Is Not Supported in this area. This development is 'new,' don't know that it even went before the PCPB. The 'others' required review as they went in requiring Higher Densities, over what the 'code' in zoning allows. This city & this community is Not Paying Attention. Wake Up Peninsula/OB!— May 20, 2014 5:11 p.m.
San Diego Unified Looks to Sell Properties
Thank you Dorian for this info., but apparently, it is still 'incorrect.' Barnard's Entire property was recommended for 'sale,' at the April 24th Board Meeting, not "a portion" of it. Who did you speak to? Phil Stover or Bernie Rhinerson? The 'new appraisal' price of $9 million for a 9. something-acre property in a 'Residential' Zone, in the Coastal area of San Diego is still severely Underestimated..even when appraised at nearly DOUBLE what the board had originally 'heard' its value was...only $5 million, which would have put the price per sq. ft. at $12.50!! For Residentially-zoned, with 4.5 acres 'Vacant' of 'improved' Coastal Property? Yes, the 'appraisal value' is Up, but still, is only equal to an Industrial-Zoned Public Property, with a HUGE White Elephant on it, the U.S. Post Office on Midway Drive (recently re-appraised at "$1 million/acre")...and Barnard is Still in the Midway District, Not "Loma Portal." Let's see, as a decades-experienced local REALTOR -would you think that 'residentially-zoned' (adjacent to Multiple-Residential-zoned units) real estate is 'equal' to the value for 'industrial-zoned property'? No, of course not. So Why is the District listening to such 'poppy-cock?' Is there some other reason why 'Midway' Coastal properties are being 'down-valued' so much? Could it be because the 'Charger's owners' want to 'down value' the sale of the Sports Arena property again, to 'benefit their new stadium' downtown? The school district and it's 'leaders' better get their heads out of the 'real estate money-making business' and get down to Real Planning for the near future Huge Student Population coming soon..it's already going to force up the number of 'students per class' to over 45 in grades 4-8...also as delineated in their 'request to the CA State Ed Board for Waiver of Penalty' for such! They expect it? Is this something that San Diego's Parents are 'OK' with? I think NOT!— May 7, 2012 2:50 p.m.