Finally! New Homes For Sale In Rosedale

After several years of litigation, bankruptcies and discussion, discussion, discussion, Rosedale is finally back. The Grand Opening of the new communities takes place June 4th from 10 AM to 4 PM. That day will offer guided tours of the new homes, along with music and art activities for kids, as well as tours of The Resort, a private clubhouse and recreation center.

Set in the Foothills on 518 acres, Rosedale includes more than 200 acres of permanent open space. The community also features 10 neighborhood parks, acres of gardens, tot lots, play structures and miles of hiking trails snaking around the homes. The 5.5 acres Promenade Park sports a soccer and youth baseball field, basketball and tennis courts as well as numerous play areas and even a community stage.

Aside from areas open to all residents, Rosedale’s The Resort, a private clubhouse, has a junior Olympic swimming pool, wading pool, spa along with relaxing areas, meeting rooms, fitness center, volleyball and picnic tables.

After opening day action, what is available at Rosedale?  The new Rosedale, located off Sierra Madre Blvd in Azusa, east of San Gabriel Blvd, on the former Monrovia Nursery acreage, has six new neighborhoods. Located in the foothills of the San Gabriel Mountains, very close to the Angeles Forest and its wealth of hiking, biking, horseback riding trails, fishing spots and beautiful waterfalls, Rosedale is an ideal location for active families. Both the 605 and 210 Freeways are within a 5 minute drive.

The new Rosedale has six new neighborhoods including both townhomes and  single family homes. Sage Court by William Lyon Homes are three-story townhomes, ranging in size from 1346 to 2092 square feet, two to four bedrooms, attached two-car garages, some with bedroom and bath on the main floor. The prices for these townhomes start at $200,000.

Another neighborhood is also offered by William Lyon Homes-Gardena. These are two-story townhomes ranging from approximately 1350 to 1816 square feet with two or three bedrooms and an attached two-car garage. Prices start in the low $300,000.

Arborview by LA Urban Homes is a community of two-story garden homes from 2400 to 2700 square feet with three to five bedrooms and a two-car garage. Prices for these single family homes begin in the mid $400,000s.

Greenbriar, also by LA Urban Homes are detached two-story homes ranging from 2200 to 2700 square feet with three to five bedrooms, up to 4.5 bathrooms and a two-car garage. Prices are from the mid-$500,000s.

Heritage Oaks, another LA Urban Homes offering provides two-story detached homes from 2800 to 3100 square feet with four to six bedrooms, up to 4.5 bathrooms and a two-to-three-car garage. Prices begin at the mid-$600,000s.

LA Urban Homes is also presenting its luxuy line, Magnolia which features single-family homes from 3300 to 3900 square feet, four to six bedrooms, up to 4.5 bathrooms and two-car garage with storage. Prices start in the low $700,000s.

Rosedale Update

As seen recently in the Wall Street Journal. Rosedale Azusa is bankrupt.
All Eyes on Land as Auction Nears

Housing developers thirsting for deals are excited for a large land auction that is expected Thursday after US Bank forecloses on a Azusa, Calif., property.

The US Bancorp subsidiary will auction enough land in the Rosedale master-planned community near Los Angeles to build more than 700 homes, people familiar with the matter say. That is big news to builders and real-estate investors, who are finding sizable land deals few and far between.

Some industry experts say the site could command more than $70 million.

Azusa Land Partners LLC, Rosedale’s master developer, couldn’t be reached for comment. US Bank declined to comment.

The site, located in the foothills above the San Gabriel Valley, is part of a project that was to include 1,250 homes, a recreation center, parks and other amenities.

While the housing crash halted progress, developers convinced recovery is imminent are itching to start again. The site has drawn “a lot of interest,” said Richard Gollis, co-founder of the Concord Group, a real-estate consulting firm. Major entitlements and infrastructure already in place are “a significant cost and time advantage for the new buyer,” Mr. Gollis said.

Builder Standard Pacific Corp. says it is eager to bid, but Chief Executive Ken Campbell declined to reveal how high he will go.

What’s Happening With Rosedale?

The long-running  soap opera featuring  Azusa, Glendora and the Monrovia Nursery has gone into stasis for the time being. Azusa had planned to build a complex community called Rosedale on the land formerly owned by the Monrovia Nursery, familiar to all residents who travel Sierra Madre Blvd.

Chalk another one up to the sub-prime crisis. Lacking ready capital, all developers, with the exception of Christopher Homes, have quietly folded up their tents and left the area. Some are trying to sell their parcels at bargain prices with no takers. Long story short–for now and into the foreseeable future, Rosedale is dead.  The epic battle royale between Azusa and Glendora is over–not with a knock out or even a technical–it’s been called off altogether. Come back in three years, the hiatus may be over.

As for Sierra Madre Blvd,  closed for quite some time, will be finished with developers’ funds.   The City of Azusa wisely had required the funds deposited before any construction could begin. A few other projects will get their funding as well, but that’s it.

 We may not see the beautiful bougainvillea back on the hillsides as in Monrovia’s time, but we will also forego the added traffic, pollution and congestion.