Despite the cool mood of the housing market, the Warmington Group of Costa Mesa, Calif., is proceeding with its Grand Marina development.
Work is moving along on the new homes as part of what the group calls Grand Marina Village.
The three-level homes being built in the area are each set to be between 2,150 and 2,375 square feet in size, according to the company – which says the development could be finished in March 2010.
They will be priced from $600,000 to the “low $1-millions.”
(Warmington has a 76-unit townhouse project, Vantage, in Palo Alto that became “the Bay Area’s largest solar powered development” in 2008, the company says.)
It will be interesting to see if the project finishes on time, especially since we are set to have a rainy winter, and to see how quickly the units sell.
We’ll check back in with other Grand Marina tenants as the units pop up to see what their projections are, and how “green” these homes turn out.
According to the Grand Marina Harbormaster, with the resumption of the development, some parts of the marina’s parking lot may be closed at times. So boaters should check signs in the area carefully.