February 25, 2010

New Reviews of The Mews Housing Development

AFTER ITS grand opening last weekend, The Mews housing development in Atwater Village (4254 - 4310 Perlita Avenue) is getting some rave reviews.

Housing Watch reports, "A weekend open house brought out not only young couples but empty-nesters looking to downsize."

About the design: "Clean lines define the Mews' boxy shape outside; inside, the townhomes are light filled from numerous clerestory windows and large sliding doors that lead to small courtyards. Green building attributes include solar power panels that provide up to 1,000 kilowatts of electricity, bamboo flooring and driveways that are paved with grasscrete that allows for rainwater to return to the ground rather than into storm drains."

Any downsides? Maybe price: "List prices at The Mews start at $599,000, for the 1,500 to 1,600 square foot, three bedroom, two-and-a-half bath homes, with attached two-car garage, and reach up to $669,000, which is above comparable prices within the surrounding area."

And perhaps some of the immediate neighbors would deter homebuyers: "The neighborhood is dotted with 1920s bungalows, some behind iron bars and gates, some restored and updated. While close-in to Griffith Park (Beacon peak is in view), the neighborhood is mixed with well kept and tidy homes sited next to shoddy, stuccoed multi-family units."

1 comment:

Jenise said...

Ultimately the real estate market will recover and development can proceed and increased taxes will benefit the region. If special tax financing is used, the regional taxing entities won't see tax revenues for 15-20 years.