A Westside Renaissance!
If you happened to pick up the Daily Pilot last week, you may have a seen a nice opinion piece in the forum section, commenting on the effort being done by the Jim Righeimer City Council to improve the westside of the Costa Mesa.While some improvements may seem small, they are just merely the groundwork for upward spiral in the local community, based around 290 new households that are being planned and built on the Westside, containing the neighborhoods of Shalimar, and Trader Joe's. The borders of 19th on the North, and Placentia to the west, make this location a prime spot for an upwardly mobile population to move in, thus expanding the interest for retailers and restaurants.
The Righeimer council has approved or is about to approve for this census tract three new residential projects totaling about 290 new detached homes. There will be roughly 1.9 residents per household.
Not one of these 290 new households will have less than a $100,000 household income, because it will take that much to qualify for a loan, unless lower-income buyers pay with cash or use unconventional financing. Some of the incomes there will be much higher.
Currently, that census tract has 1,393 households, but only 150 have an income of at least $100,000. That's only 10.86%.
With the 290 new households, the number of households with $100,000-plus incomes in that census tract will increase by an astounding 193%, but the number of households will increase by only 20.9%.
We are SO excited about the upswing in interest, AND development in the Westside of Costa Mesa.Here's to the future!For the full article, click here.