Shadowbrook - a gated age-restricted community envisioned just prior to the housing collapse - may start moving forward.
Manteca Community Development Director Frederic Clark confirmed developers have submitted pre-improvement plan checks for the previously approved 438-age-restricted homes on 122 acres northwest of Louise and Cottage avenues as well as 54 standard homes and 14 estate-style lots that aren’t age-restricted along Southland Road.
Manteca has started to generate a lot of interest in developers who want to pursue age-restricted neighborhoods. That’s largely on the success that Pulte Homes has been enjoying with Del Webb at Woodbridge throughout the recession. Since 2008 roughly one out of every four homes built and sold in Manteca has been at Del Webb. At the same time, Del Webb resale homes retained higher value than any other housing segment in Manteca and nearby communities. Del Webb ultimately will build 1,425 homes.
Richland Communities is seeking to annex the 184 acres the firm bought along Sedan Avenue that includes the 30,000-square-foot Hat Mansion. Richland has told city officials they are interested in building an age-restricted community. The site could yield as many as 1,000 homes.
Another age-restricted community was proposed in early 2007 by Meritage Homes just north of Del Webb at Woodbridge that involved building 800 homes on 160 acres. That project though didn’t make it through the approval stages as the housing market started to collapse shortly thereafter.
Age-restricted housing and workforce or affordable housing has been exempted from Manteca’s annual 3.9 percent limit on sewer connections.
Shadowbrook is owned by Raymus Development.
Clark noted that developers interested in building existing projects that have yet to have infrastructure in place will pay for a pre-improvement plan check. That will determine what exactly they have to do such as relocate irrigation lines and other improvements. Although no details are available in this case, typically when a firm conducts a pre-improvement plan check if they don’t own the land they at least have an option to buy it.
Shadowbrook was the late Antone Raymus’ dream of a community where seniors can live and play. Shadowbrook consists of 438 age-restricted homes in a gated community that includes a clubhouse and fitness trails.
There are 54 conventional homes that will be accessed off Southland Road including the 14 estate-lots facing the rural street.
The deal for Shadowbrook back in 2006 had the developer paying $7.6 million in development agreement fees on top of growth fees and building fees. That included a $3,000 per home recreation amenities fee and a $5,000 per home public safety endowment fee.
Clark noted that if the developer wants to change the community from one that is age-restricted it would have to go back through the planning process since standard housing has significantly different impacts.