Title
Receive a status update on the East Garrison project.
Report
RECOMMENDATION:
It is recommended that the Fort Ord Committee receive a status update on the East Garrison project.
SUMMARY:
As of March 19, 2018, a total of 616 units of the planned 1,400 homes at East Garrison have been completed and certified for occupancy: 533 single-family residences; 7 workforce 2 units; 11 moderate income units; 65 low/very low rental apartments.
DISCUSSION:
Lot Sales and Market Rate Housing Construction
* Phase 1 -
o Lot Sales
* All 273 single-family residence (SFR) lots and all lots for 60 Townhome units have been sold by UCP to its affiliate Benchmark Communities.
* Future - Lot sales for 49 live-work units, and 40 Town Center lofts.
o House Construction - As of March 19, 2018, 254 of 273 SFR units have been constructed and have been issued certificates of occupancy; 13 further units have been permitted and are under construction.
o Townhome Construction - 34 of the 60 multi-family Townhome units have been completed, and a further two units are under construction.
* Phase 2
o Lot Sales - All 315 SFR lots and all lots for 113 Townhome units have been sold by UCP to Benchmark Communities.
o House Construction - As of March 19, 2018, 256 of 315 units have been constructed and have been issued certificates of occupancy.
o Townhome Construction. Building permits have been issued for 11 of the 113 Townhome units, and are under construction at this time.
* Phase 3
o Lot Sales - Not started. Anticipated late 2018/early 2019, upon completion of infrastructure improvements.
o Home Construction - Not started. To include 192 single-family homes and 150 condominiums. Anticipated 2019, upon sale of lots.
Affordable Housing
Low and Very-Low Income - 196 of the 1,400 total units will be low/very-low income units
* Jointly funded by the developer and the Successor Agency tax increment funds, per the terms of the DDA
* Phase 1 (MidPen) - 65-unit low and very-low rental apa...
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