The General Plan 2025 was adopted by the City of Walnut Creek to support and manage the growth that is expected to increase in the Walnut Creek community in the coming years. This plan concentrates on building on the open spaces within the downtown area, capitalizing on BART and bicycle-friendly roads for residents who can commute to the city or around the East Bay.
|Riviera Apartments: 1515 & 1738 Riviera. 58 affordable apartments on two lots available||Walnut Creek Transit Village: 200 Ygnacio Valley Road. 596 apartments available|
|The Landing Apartments: 207-235 Ygnacio Valley Road. 178 apartments available||Bonanza Heritage Condos: 1874 & 1882 Bonanza. 15 condominiums available|
The projected growth in Walnut Creek is complemented by the increase in business relocating to the downtown area. Companies such as Del Monte Corporation, one of the country’s largest food producers and distributors, has relocated its headquarters from San Francisco to 3003 Oak Road. Well-established corporate companies like these are finding more affordable places like Walnut Creek, which offers more space and availability while simultaneously boosting the East Bay market. Other businesses include Macerich’s $250 million renovation of Broadway Plaza. A new parking structure and expanded Macy’s store will be finished in the Spring of 2016. Marriot has submitted an application to build a six-story, 160-room Residence Inn at 2050 N. California Blvd. Lastly, Walnut Creek’s newest addition to its restaurant collection is located on Main Street and Mt. Diablo, Rooftop Restaurant & Bar, opening late this year.
Commonly asked questions about the City’s developments:
So, what does this mean for Walnut Creek and neighboring communities?
We think the General Plan and pending Specific plan for the West side of town will increase floor are ratios (FAR), heights and reduce setbacks. With the end of large open sites nearing the City has to embrace infill and more urban redevelopment options to accommodate growth. This means more building can go on each square foot of land in the Downtown; and for property owners land values will go up. The real estate cycle is pretty hot for residential projects, but we can see the end of this cycle nearing. What is next? How about spec office development. While there is not a new office project planned in the city. Stay tuned.
Editor’s Last Note
In 2004, a video was recovered from Walnut Creek’s time capsule revealing a 1981 tour around the city and what it use to look like. Since then, as we have discussed, Walnut Creek has grown dramatically with new Office, Retail, and Multifamily developments. Enjoy!
*All information was gathered from the City of Walnut Creek. Please refer to their brochure for more information. Achieving a Vision