🗺️👀 The P&Z Report 📰🏙️
Digging through Planning Commission agendas
Last week I wrote about the supply/demand shift which is being overlooked by many investors. I want to offer some additional proof for this claim in the way of planning commission agenda items - which show a sea change taking place in the High Desert.
In the past, if you took the time to review PC meeting agendas, then you might remember something like: a 67 lot TTM, a cell tower, and maybe a carwash / gas station.
Today the proposals are very different. And this matters because if land prices are driven by the rough formula:
Price = Remaining amount of land / demand for land
Then proposals which chew up 50 to 150 acres hit both the numerator and the denominator.
Here are some projects which have been on meeting agendas this year.
(For ease of reference all of the projects are shown on this interactive map.)
Mojave & Mesa Linda 1.1M S.F. Warehouse - Victorville - 04-12-23 PC Meeting (EIR Scoping Only)
Map: https://map.reederlandco.com/?uid=uypeopw
Site Plan:
Rancho & Emerald 680k S.F. Warehouse - Adelanto - 05-03-23 PC Meeting
Map: https://map.reederlandco.com/?uid=rxqciix
Building Elevations:
Stoddard Wells Industrial 2.8M S.F. - Apple Valley - EIR Notice of Preparation
Map: https://map.reederlandco.com/?uid=bzgyxlh
Site Plan:
Stoddard Wells Industrial 800k S.F. - Victorville - 01-11-23 PC Meeting
Map: http://map.reederlandco.com/?uid=vmglvui
Site Plan:
HWY 395 750k S.F. Warehouse - Hesperia - 01-26-23 PC Meeting
Map: http://map.reederlandco.com/?uid=mxuctot
Site Plan:
Poplar 400k S.F. Warehouse - Hesperia - 03-09-23 PC Meeting
Map: http://map.reederlandco.com/?uid=eculoag
Elevations:
Rancho Road 660k S.F. Warehouse - Adelanto - 12-07-22 PC Meeting
Map: http://map.reederlandco.com/?uid=sczwwwi
Elevations:
Cannabis 300k S.F. - Adelanto - 01-18-23 PC Meeting
Map: http://map.reederlandco.com/?uid=bgglhxd
Site Plan:
