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Progress Report & Looking Ahead, January 2024

As we bid farewell to 2023, we're thrilled to share some exciting updates on our ongoing projects and plans for the upcoming year. Let's dive right in!

Monterey SFR Building System Sample: Smooth Sailing with Planning Commission

Our Monterey project breezed through the December Planning Commission meeting with unanimous approval – a heartfelt thank you to all the dedicated Planning Commission Members! The next steps include Architectural Review, and pending a smooth process, we'll be submitting for a building permit. Our sights are set on a Spring groundbreaking.

Exclusive Project Viewings: Coming Soon!

Stay tuned for an exclusive opportunity to witness the Monterey project as it unfolds. We're developing a process to allow visitors to view the construction progress. Given the rapid assembly of our chosen building system, we anticipate having a fully completed project ready for tours within approximately 3 months of breaking ground.

Marina Multi-Family Units: Promising Plans in Motion

Simultaneously, we're making strides on the Marina multi-family units. In the planning phase, we're envisioning 15 units, including 6 studios, 3 one-bedroom units, and 6 three-bedroom, two-bath units. While we navigate the legal landscape to confirm the feasibility of this unit count, our optimism remains high. All units are slated to be workforce-priced rentals, with a focus on designing the studios to be low-income housing. Although there's still work to be done, our current outlook is promising, and we're confident in reaching our goals.

A Busy and Exciting 2024 Awaits!

Looking ahead, 2024 promises to be a busy year for us. Beyond the Monterey and Marina projects, we have several other exciting endeavors in the negotiation pipeline. Keep your eyes peeled for more updates as we progress through the year.

We appreciate your continued support and enthusiasm for our ventures. Here's to a prosperous and fulfilling year ahead!

Best regards,

Diane and Brendan

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