CONDOS PROPOSED FOR WESTSIDE MAY BE CHANGED TO APARTMENTS
At tonight's (6/23) no-Planning Commission Meeting, Nexus Development will ask that the firm's proposed 6.82 acre ground-up project for 151 condos to be built at 1640 Monrovia Ave. (roughly behind MacGregor Yachts on Placentia) be allowed to be built and sold as apartments instead of as condos.
The CM PRESS position:
We prefer owner occupied condos to apartments to reverse our upside down renter to owner occupied statistics in Costa Mesa, but since these units will be built in condo style, and may be switched to condos when real estate market conditions improve, this may be a necessary change to help bring in the evolution of the Westside Bluffs to their highest and best uses.
We simply have to have more people living on the Bluffs.
Thus, we support the change, possibly with some agreements from the developer that construction will start soon.
Here's the LINK.
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Those are our opinions. Thanks for reading them.
