Many clients have asked me about the large that the old Niven Nursery sits on in Larkspur. It's a prime piece of Marin real estate between Doherty Drive and Ward Street, next to Hall Middle School, Redwood High School, and old downtown Larkspur. It was an agricultural site when the Niven family acquired it in 1937. It was a wholesale nursery that sold roses and orchids. About ten years ago the family began the long process of getting the property rezoned, after indicating that they couldn't run the nursery as a viable business any more. They finally won approval at the Larkspur City Council January 20, 2010 with a unanimous vote.
So what does it mean for Marin real estate, and Larkspur in particular? Per the Twin Cities Times, a total of 16.8 acres will be developed into what will be known as The Rose Garden Project. There will be 85 units built, consisting of 29 single-family residences, 42 condos, and 14 cottages. Of those units, 50 of them will be for seniors, age 62 years or older, and 17 units will be set aside for affordable housing, as required by the city of Larkspur. And finally, 2.43 acres of the land is to be donated to the city for a use yet to be determined. Proposed uses include building another library and erecting community rooms. Other improvements include revamped drainage and flood control, as well as a pathway for an alternate route for children to access schools. School commute time are not expected to be affected by the additional population because it's made up of a high percentage of retired residents.
Work will begin Spring of 2010 to tear down the old greenhouses and remove roughly 1,000 cubic yards of contaminated soil, which is estimated to take up to a year. Then the site has to be graded. Construction of homes will begin near the end of 2011 with the finished product being ready in 2012, or possibly 2013.
For advice on buying or selling your home in Marin, or a free market analysis complete with comps, contact Jonathan B. Jacobs.
JONATHAN B. JACOBSREeBroker GroupM: 415-264-6655jonathan@MarinHighEndHomes.com www.MarinHighEndHomes.com CalBRE Lic.#01346729