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however I do not believe that anyone from NSAPA took him up on this offer. Additionally, <br />will a 3 story, 387 square foot office building provide all that much of a better visual <br />experience as you enter Park Santiago? We also must consider that even though the <br />setback against Spurgeon will now be 50 feet, they will likely have 3 stories at that setback <br />line as opposed to the proposed 2-story building under the 2525 proposal. I would suggest <br />that after approval, the developer work with a committee of some sort to help revise the <br />looks of the building. <br />· Availability of Housing- Yes, the prices of these apartments will be high. They may be <br />the highest in Santa Ana. They are also in an area of town that has the highest single family <br />residence values in the city. Our city is in need of housing. Our city is need of all types of <br />housing. By having more supply of housing, even premium priced housing, we should see <br />some relief of housing stock. Plus, it will help due to the low income housing fees paid by <br />the developer to provide even more housing. <br />· Population Density- Sure, an office building will not bring additional housing to Santa <br />Ana on that site. We will hear folks say that Santa Ana is already so very densely <br />populated. Well, our end of town is an outlier in Santa Ana. If we are to rely upon the <br />density figures for Santa Ana as a whole, then we should be OK in allowing other Orange <br />County cities to piggy back off of our homeless housing…we should not do either. If we <br />cannot have additional housing in our part of town, how do we justify it in other parts of <br />town that are much more densely populated? Whether we want to admit it or not, when <br />our vacancy rates are as low as they are right now, which is essentially just vacant turn over <br />time, we have a housing issue to deal with. The entire city has a housing issue to consider. <br />Even the areas of town that are less densely populated should be considering how we can <br />be part of the solution. <br /> <br />We need to consider that if this project is stopped, which I don't think they should, that the next <br />one may be worse for all parties (including the city due to residential development fees) and due to <br />the current zoning on that property, we may be stuck with what we can get. We have an <br />opportunity right now to be sure that any positive changes to the project that can be made, are <br />considered. <br /> <br />Residential Property Values <br />There is a lot of concern about what a high density development will do for our property values. <br />Sure, there may be a short term decrease as those who are so opposed to living next to apartments <br />decide to sell their homes despite the residents of 2525 quite possibly paying more per month for <br />their rent than our cost of ownership. However, I believe that the residents of 2525 will be the <br />future home buyers of our houses when we are ready to move on. If they are willing to pay the <br />prices proposed, they will soon be trying to buy a home- and hopefully in our great neighborhoods. <br /> <br />Conclusion <br />There are positives that can come about from this project if we keep an open mind when <br />comparing it to the existing 3-story building zoning…less traffic, more city revenue, more low <br />income housing availability through development fees, etc…. Yes, there are negatives such as a <br />possible lack of fit with the Park Santiago neighborhood and also a change from the current status