The San Francisco Bay Area housing market blog about new homes and housing developments with location, community information and home prices.

Friday, September 05, 2008

Redwood Gate Palo Alto

Perhaps you missed an opportunity becoming of homeowner in housing development known as Arbor Real, Palo Alto built on the former site of the historic Rickey's Hyatt House. This housing development is almost sold out, so it would be wise instead of fighting for remaining few homes in Arbor Real Palo Alto look at next door neighbor - Redwood Gate Palo Alto by SummerHill Homes. A few weeks ago, the developer of Redwood Gate Palo demolished the old Elks Lodge in south Palo Alto and planning to build 35 detached townhomes and 10 paired townhouses on the 4-acre property off El Camino Real south of Charleston Road. It is noticeably less then 181 homes in Arbor Real, Palo Alto, but units would be in the same price range. The SummerHill Homes paid Elks Lodge owners more than $23 million to acquire almost 4-acre lot for Redwood Gate, so priced for new homes anticipated from $1.4 million. Sales most likely are to begin next spring and the buildings will be completed by SummerHill Homes in late 2009.

Despite the fact that each of the new homes at Redwood Gate Real Palo Alto has a two-car garage, there simply is not enough parking in the neighborhood. The homeowners' association of the nearby Arbor Real Palo Alto development recently instituted a lottery for street-parking permit, with "winners" having to pay $25 a month.

Redwood Gate Palo Alto ideally located within attendance area of Palo Alto School District. According to Palo Alto School District boundary maps, kids from new development would attend the following schools – Briones elementary, Terman middle and Gunn high. All three schools are located with 15-20 minutes walking distance from Redwood Gate Palo Alto.

As for public transportation, it would take around 10-15 minutes for residents of Redwood Gate Palo Alto to reach by bus the nearest Caltrain station to continue travel to San Francisco by train or famous downtown of Palo Alto to relax after long work hours of Silicon Valley or Stanford Shopping Center to spend all money. Note that VTA bus lines 22 and 522 works around the clock.

1 comment:

AngryPaloAltan said...

September 15, 2009, 1:02 AM

"After a lengthy debate Monday night, the council voted unanimously to approve a new pedestrian and bike path that would stretch from Dinah's Hotel on the 4200 block of El Camino Real to a public park in the new Redwood Gate development"

http://www.paloaltoonline.com/news/show_story.php?id=13816