Developer on shaky ground in Pacific Palisades

Seems like the real estate slump hasn't quite reached Pacific Palisades. In this tony corner of the Westside, a developer wants to build homes on a site where two landslides destroyed two homes in the 1960s. Residents, not surprisingly, are concerned. According to the Palasadian-Post:

A developer's plan to build four homes on property off Via Santa Ynez in Marquez Knolls, where slides occurred in 1959 and again in 1966, has made neighbors uneasy. 'I'm concerned as a homeowner and as a citizen,' said Steve Miller, who lives on the Donna Ynez Lane cul-de-sac off Via Santa Ynez and across the street from the proposed subdivision. He and 43 other residents sent a petition to the city expressing their reservations. Houses have not been built on the 700 block of Via Santa Ynez since the 1966 slide, which destroyed two houses on Enchanted Way (the street on the hill above Via Santa Ynez) and severely damaged one other home. The slide tore up a huge segment of Via Santa Ynez, blocking in residents living on that street and Donna Ynez Lane. The slide was apparently caused by rain and poor geology, the Palisadian-Post reported in its February 10, 1966 issue.

Development is also shaping up to be the big issue this election season in Santa Monica.

--Shelby Grad

Comments

[Dominic Naidoo]

Thanks for the interesting information. The Pacific Palisades area has not been doused with foreclosures and short sales. It is still a very high-end and desirable area to reside. I just listed a fixer in the Palisades for 1.25 million....that's right! A Fixer! Please visit my website for more details www.WestsideHomeFinder.com click on featured properties then click on the Treehouse.
Thanks again for the helpful information.