Commons at Mt. Burdell Development San Marin Meeting – 12/4, Novato

The benefit of being an active member of the neighborhood San Marin Improvement Association; we are always invited in the discussion of local developments.

Two important neighborhood development meetings I have attended this year are 200 San Marin Drive (Across from San Marin Plaze (South East corner of San Marin Drive and San Andrea Drive), and the new ‘Commons at Mt. Burdell’ development (sited at Fireman’s Fund site – see BLOG Below for details)

As a follow-up to the meeting, and as development on the project advances, we are also invited to another neighborhood meeting hosted by Mr. John Chamberlain, CEO of the American Assets.

Please make sure you attend the meeting to find out what progress has been made and what the future plans are for the site.

See Invitation Below.

The Commons at Mount Burdell Update by John Chamberlain, CEO, American Assets

November 2008

I have appreciated everyone’s comments and input with regards to the redevelopment project at the Fireman’s Fund property, now known as The Commons at Mount Burdell. The name was selected from the meaning “commons” which translates to a tract of land belonging to a whole community. In addition it defines the landmark proximity of Mount Burdell. I also want to share some exciting updates from our journey towards creating one of the nation’s largest completely sustainable, carbon-neutral mixed use developments.

Our application submittal to the city in June 2008 initiated an approximate 12-month process where we’re engaging the city, community stakeholders and the project’s immediate neighbors in an ongoing outreach and design consultation process prior to the Design Review Committee, Planning Commission and City Council review in 2009.

While the feedback from the many consultants working on the project has taken longer than originally anticipated, we are exceedingly pleased with the positive input coming in…including word from our sustainability engineers, Timmons Design Engineers, in July that our plans show that carbon-neutrality could be achieved in less than 10 years; exceeding the performance targets of the 2030 Challenge.

Earlier this month the Novato Planning Department had inboxes full of documents for The Commons at Mount Burdell including:

  • Master Plan/Precise Development Plan
  • Sustainability Master Plan
  • Historical Resources Survey
  • Visual & Scenic Resource Evaluation
  • Biological Resources Survey
  • Air Quality Analysis
  • Noise Quality Analysis
  • Geotechnical Review
  • Drainage Study & Storm Water Control Plan
  • Transportation Impact Analysis Report

The first calendared meeting to review the project will be held at The Novato Unified School District, 1015 7th Street, on Thursday, December 4th at 7:00pm. This will be a public outreach meeting, which is a statutory requirement. Many of you will receive public notice of the meeting due to your proximity to the project. If you are not on that notice list, we hope you will mark your calendar and attend as your continued input is important to us.

I look forward to sharing the continued progress of this development with you and, again, we appreciate your support and feedback.

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Luxury Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

MARIN, SONOMA, S.F. BAY AREA REAL ESTATE – Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa.   Starter Home to Luxury Property.  REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange.

Novato Real Estate Market Biweekly Overview, October 22, 2008

Stafford Lake County Park, Novato, CA

Novato Real Estate Market statistics stays pretty flat overall with a small 4% increase in pending sales compare to a month ago on September 24. 

The ratio is held steady by dwindling inventory – overall inventory dropped by another 10%, from 370 to 348; again due to more pending sales and either sellers taking properties off the market or waiting for the market to move upwards before they sell.   

The highest increases in pending sales again, is the starter single family homes priced under $600K, with up to $500K at 41% and $500K to $700K at 30%; mutual to slightly sellers market – mostly fixers, REOs (bank owned), short sales, all bargains from one or two years ago. 

This is a great time to buy, with bargains abound, whether it’s in Novato, San Rafael or Southern Marin.  Bank owned homes or sellers with plenty of equity are pricing homes low to attract multiple offers. 

One house in Kentfield, priced lower than normal, generated 12 offers.  Think about the other 11 who did not get accepted that are circling for well priced (or bargain basement priced) homes, ready to pounce when they finally find one. 

Higher end homes are staying stale – many move-up buyers need to sell their homes in order to buy are relunctant until their house is sold in this market.  

Give me a call at (415) 717-0293 or email me at sylvia@SylviaSellsMarin.com for inventories on the market, whether REO, Trust Sale, start home, luxury homes.. I will be very happy to find the best house / investment property for you! 

It will be a pleasure to serve you!  

category

 

Total Units/ In Escrow

 

% Active

 

% Pending

% +/- since 09/10/08

All SFD’s and CID’s

 

348/102

 

71%

 

29% (N)

-4%

SFD’s

 

256/59

 

77%

 

23% (B)

-1%

CID’s

 

92/43

 

53%

 

47% (S)

-10%

$0 -$500K SFD

 

66/27

 

59%

 

41% (S)

-10%

$500,001-$600K

 

27/8

 

70%

 

30% (B)

+11%

$600,001 – $700K

 

27/8

 

70%

 

30% (N)

+0%

$700,001 – $800K

 

36/7

 

81%

 

19% (B)

+0%

$800,001 – $999,999

 

31/3

 

90%

 

10% (B)

-6%

$1M – $1.25M

 

24/4

 

83%

 

17% (B)

+10%

$1.25M – $1.5M

 

24/0

 

100%

 

0% (B)

-5%

$1.5M+

 

21/2

 

91%

 

9% (B)

-1%

  • Buyer’s Market  < 25%
  • Neutral                25% – 40%
  • Seller’s Market   > 40%
 Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Luxury Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com
MARIN, SONOMA, S.F. BAY AREA REAL ESTATE – Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa.   Starter Home to Luxury Property.  REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange.