NIPOMO, Calif. - For years, the Maria Vista Estates in Nipomo has been a ghost town and was a prime example of the collapse of the local housing market. But now, the 70-unit housing development which has sat vacant for several years has new life once again.
New owners, Sunwood Associates of San Diego and Rialto Capital of Aliso Viejo, are moving forward to finally occupy the long empty homes."Their plan, as we understand it, is to pick back up where things left off and complete the development in short order," said Michael LeBrun, General Manager of the Nipomo Community Services District.
According to LeBrun, helping facilitate the completion of Maria Vista will be a just approved "development agreement" with the Nipomo Community Services District. "It helps outline the path forward to full development of the project and full water and sewer services," said LeBrun.
"Improvements are already being made to Maria Vista, including the most viable, a newly redone entranceway at Hutton Road adjacent to the Santa Maria Speedway. The entrance can be seen by thousands of cars each day that pass by on Highway 101."We know the new owners are already out on site making improvements to the existing homes out on the site and making plans to develop the remaining lots," said LeBrun.
There are thirty homes that are now vacant, but will be eventually be built on. Twenty five homes are currently completed and should hit the market soon.
LeBrun believes the completed homes should very soon, at long last, have residents living inside them. "It is their intent to bring those onto the market as early as this spring and have the development ready to populate," said LeBrun.
