Would You Pay This Much?

December 2, 2013 at 8:42 pm 2 comments


By Andrew Richter

So how much would pay to live in New Hope? $100,000? $150,000? $175,000? Well, with the purchase of New Hope Learning Center, get ready to shell it out;

The New Hope City Council selected Centra Homes as the preferred developer for the former Winnetka Learning Center site at its meeting on November 25. In related action, the Council approved plans and specifications for demolition of the building on the site.

The city of New Hope finalized the purchase of the nearly 17-acre Winnetka Learning Center site at 7940 55th Avenue N on November 6. Two residential developers — Centra Homes and Pulte Homes — presented redevelopment proposals to the City Council in late May. In selecting Centra Homes as the preferred developer, the Council noted that its concept plan includes both step-up single family homes and a housing type not previously available in New Hope — high quality detached townhomes.

If a “housing type” is not “available” it’s probably because of market conditions…..that is if we still actually practice capitalism in this country. Isn’t it interesting that townhomes and higher density housing is going up everywhere? Yet of course I’m the conspiracy theorist if I even point that out,

The Council also appreciated some of the proposed amenities, including two ponds to handle groundwater runoff from the site and a central green in the townhome area.

Yippy! Here’s back breaker;

Centra concept plan includes 34 single‐family homes with an average sale price of $315,000, and 27 detached townhomes, with an average sale price of $250,000.

Single family homes for an AVERAGE price of $315,000!!!!! Granted these homes are new but $300,000!!!! If you had that to spend would you live in New Hope or would you go to Maple Grove or Minnetonka? And townhomes for $250,000????? Ridiculous! Of course the housing lots are much narrower than other homes in the city. Gotta cram as much as possible in a single area.

Centra Homes has offered to purchase the property from the city for $1,050,000.

But wait, didn’t it cost $1,7500,000 to buy this property??

When the vote came at the November 25 council meeting Councilman Dan Stauner made the following statement:

“It’s worth noting since we’ve all gotten emails about density of housing in new developments, that the developmer we’re naming as the preferred developer has the less dense of the two proposals.”

OK, now I appreciate the councilman’s comments (especially since I’m one person who sent in an email about the density) that still doesn’t mean that the density is the same as the rest of the city. What is up with this movement to try and stick as many houses as possible in one area? While it may not be technically be “high density” it is much more dense then previous single family homes in the past. The only thing I can think of is that there is some financial reason why this is happening.

Never fear, the vote was 5-0 in favor of the project. No councilperson even asked a question.

New Hope Press Release

Council Video

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Entry filed under: Agenda 21, City Government, Hennepin, New Hope.

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2 Comments Add your own

  • 1. roberta4949  |  December 3, 2013 at 10:48 am

    the reason is money for the developers and politics for those who write and enforce the regulations. by restricting land for development called nature preserve or park or lands held in trust by the gov they reduce the amount of space/land for development which raises the cost (supply is lesser than demand) this is just another form of artifical scarcity, for the devleopers and sellers it is a boom of profits for the gov it is the ultimate control grid (if people are crammed together easier to get to, control) basically once they get enough people into these places then they can implement the next step fencing off the wilderness areas and any hopes of escape (take away cars that can go 500 miles on one take forcing use of electric cars which only go short distances and take hours to recharge.) I seen a video of a slum in africa it was exactly like this they could not go into the wilderness to harvest food, escape somewhere else, they couldnt build their huts in there to escape the dirty poop ridden streets where the richer neighborhoods dumpted their trash.they were literally living on top of one another, struggling to find enough employement to feed themselves sometimes they went hungry that day. the wilderness was fenced off (funny how they can find money to fence off large wilderness tracts by miles and miles and miles but can’t build schools and help people developme wealth by helping with training, infrastruture and growing their own food and starting up business and buying private land for capital, that sorta thing. so I think this is their end game,

    Reply
  • 2. Mitch  |  June 4, 2014 at 9:43 am

    Andrew-

    While I agree with some of your sentiments, as an FYI, some areas of New Hope have higher priced housing. We live in SW New Hope near Hidden Valley Park and homes in the surrounding neighborhoods range from $150,000 – $400,000. There is one 2007 build custom luxury home outlier as well at $750,000. Given the choice I think some people would choose New Hope over Maple Grove due to closer proximity to downtown, there areas park amenities and proximity to Medicine Lake.

    As a married couple in our mid 20s we choose New Hope based on our specific neighborhood and the potential for more ‘gentrification’ of homes by younger families moving in. There are definitely many ‘less desirable’ areas and hopefully the city will continue to clean those up. My wife and I have a HHI of $140,000 and as that increases over time with our careers growing, we have realized most likely in the future we will move to a different area of the metro. However, in the meantime we will continue to love living in New Hope and take pride in the city!

    It will be interesting to see how quickly this new neighborhood sells and hopefully tighter financing requirements will keep those who have no business buying a new home out, otherwise in a few years this ‘new’ neighborhood won’t look so nice as people are unable to afford the necessary yearly maintenance costs.

    Regards,
    Mitch

    Reply

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