During the meeting, the project's progress was outlined, including more than 10 public hearings and several impact reports. Since this time, Shapell has revised its plans. The original proposal included 679 single-family houses, 124 townhouses and 120 senior-housing units.
The developer now proposes 10 three-story apartment buildings on Camino Tassajara and Crow Canyon Road with 96 affordable housing units, 120 below-market units, and 90 moderately priced units. With an addition of senior housing, the traffic impact will be considerably less.
Shapell will also provide more than double the required school impact funds to the district by supplying $28 million in land, buildings and improvements. A public hearing will be held next month to receive public comment on the development.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
