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HomeMy WebLinkAboutCouncil Presentation 08/19/2020-Annual Report FY 2020 Update Development Activity f a a 1 1 ' ' • � 1 INTRODUCTION As mentioned in the 2019 Annual Report, the Town population is expected to surpass The intent of this document is to serve as 50,000 residents. an update to the 2019 Town of Marana Development Activity Annual Report. The Housing Market Activity Report will change the compilation of data During the first quarter of 2020, the year over w� w from the calendar year to the fiscal year start- year value of homes appreciated by 5.7 per- MEDIAN SALES PRICE ing with the Town's fiscal year 2021, which cent nationally and 8.5 percent in Arizona, (VALUATIONS IN HUNDREDS OF THOUSANDS$) began July 1, 2020. The collection and report- which ranked seventh in the US. 300 ing of data contained within this Report An effect of the COVID-19 pandemic has 291 update will address the data gathered from 290 been a reduced home inventory supply in the January 1, 2020 through June 30, 2020, which is the second half of fiscal year 2020 and will fill resale market as sellers have been reluctant to 281 list their homes even as demand remains rel- 280 the time gap between the 2019 calendar year atively strong and interest rates are historical- Report and the next, fiscal year 2021 Report. 270 ly low. While demand is somewhat lower than It must be noted, this time period has expe- it was pre-COVID-19, it is still higher than sup- 261 rienced the greatest impacts due to the ply. For this reason, realtors expect the medi- 260 256 257 COVID-19 pandemic. Some information, such an list price to rise. Research by the National as demographics, will not be discussed as this Association of Realtors shows that housing 250 information remains unchanged from the markets in the West and South are leading 2019 Report. the recovery as buyers continue to move to 240 warmer climates. Arizona has more in-migra- 2020 Census tion than out-migration which translates into a 230 Starting in April, the decennial US Census is strong housing market. 2016 2017 2018 2019 2020* currently underway. This census is primar- YEAR The 2020 median sales figures in the chart are 2020 includes January to June only ily on-line for the first time. As of June 30, for January through June only. ■MEDIAN SALES PRICE the response rate for the Town of Marana is approximately 66.2%, which is higher than the state rate of 58.4% and the national rate of 61.8%. The count will likely be published at the end of this year and will help the Town make informed decisions for years to come. 2 3 COMPLETED 2020 PROJECTS plan depicts a 4,993 square foot convenience store/gas station building. ~ ' - COMMERCIAL Commercial Golden Leaf Wellness PROJECTSDutch Bros Golden Leaf is a currently operating marijua- Jack in the Box After the success of its first location at Cortaro na dispensary located at 5390 West Ina Road. Ranch, a second store is proposed at 4144 Plans have been submitted to construct a new The Town's newest Jack in the Box restaurant 15,000 square foot marijuana dispensary and -"� is now open in Downtown Marana, south of West Ina Road, east of Old Father Drive and office adjacent to a new 173,000 square feet the intersection of Marana Road and North adjacent to the Dairy Queen. enclosed grow facility. Sandario Road. A second Marana location, on Taco Bell Ina Road east of 1-10, is currently under review. Residential A proposed Taco Bell represents another Marana Main Gate new business in Downtown Marana. The new Lazy K Bar Ranch restaurant will be located on a parcel imme- .: Marana Main Gate is an 8,540 square- Lazy K Bar Ranch is a 178-lot Pulte Homes sub- foot commercial development located off division currently under construction near Sandario Road. Sandario Road. Bisbee Breakfast Club is first the intersection of Pima Farms Road and Circle K tenant in the building and is now open. Scenic Drive. As of June 30, 46 permits have been issued. Spice Garden Indian Restaurant Circle K is opening a new location at the cor- �r ner of Tangerine Road and Lon Adams Road The Place at Silverbell Gateway N Spice Garden, a 2,400 square foot restaurant, in the Heritage Park Shoppes. The proposed opened in May. The new commercial build- This approximately 300-unit apartment com- project includes a 5,187 square-foot conve- ing, located on Arizona Pavilions Drive next to plex is proposed north of the West Ina Road nience store, car wash, and 14 fuel pumps Boston's Pizza, features a bar and outdoor and North Silverbell Road intersection. dining patio. under a canopy. QuikTrip A new 7,318 square-foot QuikTrip convenience store and gas station is under construction at the northeast corner of Ina Road and Star Commerce Way. Another location is pro- posed at the northwest corner of Tangerine Road and 1-10, the proposed development 5 r DEVELOPMENT through June 30, the town approved 297 new water meters, 289 new sewer connections and ACTIVITY 28.5 EDUs. Commercial Activity Subdivision Plats and Lot Inventory During the second half of fiscal year 2020 BY CALENDAR YEAR (January 1 through June 30), 29 commer- Subdivision final plats approved in the first half VALUATIONS IN MILLIONS of 2020 include the Preserve at Twin Peaks, � $) cial permits were issued, with a valuation of 300 over$17 million. For all of fiscal year 2020, 54 (190 lots) and Moonlight Canyon Phase I and 263 permits were issued, with a total valuation of Phase II (43 lots). 252 almost $23 million. A preliminary plat for SC Ranch (54 lots) was 250 237 approved in May. The Planning Commission Residential Activity recommended approval to Town Council for 200 — Single-Family House Permits Gladden Farms Block 27 (184 lots), Saguaro Bloom 7B (177 lots), Twin Peaks and Lambert 150 - 147 2020 started very strong in terms of house per- Lane (62 lots). These plats are on the agenda mit volumes. Due to the impacts of COVID-19, for Town Council July 21. the number of permit applications fell in April 100 92 with a rebound in May. June saw one of the Other plats in process include Gladden Farms 70 72 highest ever number of permits issued at 111. Block 42 (157 lots), Twin Peaks Vista (58 lots) and Tortolita Ridge (32 lots). 50 Between January 1 and June 30, 2020, 449 17 new single-family house permits were issued. 0 Is. These six months bring the total number of sin- 2017 2018 2019 2020* gle-family permits for fiscal year 2020 to 855 YEAR permits, which exceeded the forecasted total *2020 includes January to June only of 735 permits for the year. ■ RESIDENTIAL COMMERCIAL Marana Water and Sewer Connections An overall steady increase has been observed of new water meters installed, sewer cards issued, and EDUs since 2016. From January 1 6 7 SINGLE-FAMILY DEVELOPMENT NEW WATER & BY CALENDAR YEAR SEWER CONNECTIONS 900 700 800 788 824 808 607 600 704 513 487 487 600 600 soo 443 soo 449 400 374 375 412 413 387 400 300 297 289 300 237 252 259 200 165182 2°0182 147 100 100 28.5 IL 0 0 2016 2017 2018 2019 2020* 2016 2017 2018 2019 2020* YEAR YEAR *2020 includes January to June only *2020 includes January to June only ■NUMBER OF PERMITS ■VALUATIONS IN MILLIONS$ ■WATER METERS INSTALLED ■SEWER CARDS ISSUED ®EDU 2020 SINGLE-FAMILY NEW LOTS PLATTED PERMITS PER MONTH SINCE 2017 120 1400 111 100 200 1152 1102 88 a0 76 80 1 X6 752 60 57 600 40 37 400 233 20 200 0 a Jar Fec Mor Apr May Jun 2017 2018 2019 2020* MONTH YEAR *2020 includes January to June only ■PERMITS ISSUED ■LOTS PLATTED 8 9 4 r -REGIONAL of the annual 2% increase for impact fees art festivals, food truck events, etc. Other hap- ` effective from July 1, 2020 to June 30, 2021 penings in the Marketplace include a tempo- DEVELOPMENT empo- DEVELOPMENT IN as was recommended by County Develop- rary drive-in movie theatre that has set up on ment Services. the currently vacant parcel at the southwest SOUTHERN ARIZONA ' corner of East Tangerine Road and Innovation The county is also in the process of updating _ � The COVID-19 pandemic has impacted devel- the sign code to align with the Supreme Court Park Drive and a new Ashley Furniture HomeStore that is currently under construction opment around the United States and the Gilbert decision by removing content related world. Like the Town, our neighboring commu- language, to better reflect current trends and in the location of the former Dick's Sporting ft Goods store. nities are also feeling these effects. However, technology in the sign industry, to encourage our region is faring better than some others as x g g better design and to protect dark skies and Town of $ahuarlta r development is still occurring albeit with a lull viewsheds. The staff is currently seeking stake- •w y this spring. As of June, there are definite signs holder review of an updated draft. The Town of Sahuarita is currently reviewing of improvement. Recent and current highlight- several plats, including two preliminary plats ed public and private projects in Southern Town of Oro Valley in Ranch Sahuarita that will create 883 lots and a final plat in Quail Creek containing Arizona are listed below. As with Tucson and Pima County, on June 17, 106 new lots. the Oro Valley Mayor and Council voted to City of Tucson delay implementation of impact fees. In the A Major General Plan Amendment and relat- On March 17, 2020 the Mayor and Council case of Oro Valley, the delay is 24 months ed Specific Plan Amendment are being adopted the City of Tucson's updated Land through to June 30, 2022. reviewed to incorporate property into the Use Assumptions (LUA) and Infrastructure Quail Creek Specific Plan. These amend- In recent years, the changing nature of retail ► Improvements Program (IIP). On June 9, the ments will add an additional 905 acres to the has meant some anchor stores and big box y: Tucson Mayor and Council adopted the new Specific Plan. � development impact fee ordinance, which stores have vacated their spaces in shopping includes an emergency relief fee provision centers. The Oro Valley Marketplace is no In addition to the private development proj- that reduces the fees through June 30, 2022. stranger to this trend. While a formal applica- ects, the town is also in the process of under- In addition, like its counterparts, the City of tion has not yet been submitted to the town, a taking a rewrite of the residential and rural 1 Tucson has transitioned to electronic submit- preliminary concept that fills in the vacant or zoning districts in the Zoning Code. tals and reviews. underutilized areas has been presented at a � ► neighborhood meeting for revitalization of the Pima County center. The concept plan depicts two hotels, Similar to Tucson, on June 23, Pima County garden and podium apartments and an - entertainment district consisting of restaurants, Board of Supervisors approved a suspension recreation and community event space for 10 t I M h� L