San Diego Real Estate

WHAT’S GOING ON IN SANTEE?

Why invest in Santee Real Estate? Here is why.

The City of Santee is a growing community comprising 54,700

residents and 17 square miles.

Santee’s 2005 median household income of $73,846 represents

the highest median income of all of San Diego East County cities.

71% of Santee homes are owner-occupied representing one of the highest

percentages of owner-occupied homes in the region

The 2005 median home price in Santee was $471,000.

Santee has one of the lowest crime rates in the County.

Santee schools are award winning.

ECONOMIC DEVELOPMENT PROFILE

Santee has available land for development,

Santee Town Center includes the Santee Plaza/Promenade there you will find a Costco, Wal-Mart, and Home Depot, Santee Trolley

Square shopping center, Santee Transit Center,

Santee Trolley Square shoppers enjoy a Target, Barnes &

Noble, TJ Maxx, Old Navy, Bed Bath & Beyond, Staples,

Petsmart, Party City, Pier 1 Imports, Tilly’s, Bath & Body

Works, and other specialty stores. Original Roadhouse Grill

opened in December 2005, joining Olive Garden, Mimi’s

Café, Chili’s, and Oggi’s Pizza & Brewing Co. Trolley

Square features a food court and 250-seat outdoor public

amphitheater with pop-up fountains, entertainment stage

and sound system, providing a popular venue for the

Summer Concert Series

ECONOMIC DEVELOPMENT PROFILE (cont.)

Across the street from Santee Trolley Square, a Best Buy be

Opened in early fall 2006 in the newly renovated

Savons/Union Bank center and the Navy Federal Credit

Union recently opened in this center in July.

Construction has been completed on an 11,500 SF Navy Medical

Center, and a 7,500 SF retail commercial building along Town Center Parkway.

Currently, the City is on the verge of one its most significant developments. RiverView at Santee

is a 1.9 million SF, master planned mixed-use campus on 104 acres, designed for technology, R&D

and professional office uses. The project is located directly across from the Transit Center, public amphitheater and food court in Trolley Square, on the north side of Town Center Parkway.

Future plans also include a 45,000 SF multiplex theatre, across from Trolley Square.

.

This project is poised

to be San Diego

County’s next major

business hub, offering

high tech, biotech,

R&D and professional

companies a key

location that focuses

on an amenity rich,

employee friendly

environment. These

attributes will attract

businesses from all

areas of San Diego.

ECONOMIC DEVELOPMENT PROFILE (cont.)

In January 2005, the City secured $12 million in bond financing for the next phase of the Town

Center Community Park, along the north bank of the river. The first phase was the Aquatics

Center and YMCA facility. This 55-acre community park--- with playing fields, picnic areas,

playgrounds, and landscaped jogging paths-- will be directly accessible to the RiverView project

located on the south bank.

On the north bank of San Diego River, across from the park,

Cuyamaca Town Commons is completing construction on the

west side of Cuyamaca Street. This will provide 38,400 SF of

commercial offices within seven buildings, available on a

condominium ownership basis for small businesses.

Just east of Town Center Community Park, the County has

designated an 11-acre site for the $66 million Edgemoor Hospital.

This new 167,000 SF state-of-the art skilled nursing facility will

consist of 192 beds with nursing units, neighborhood courtyards,

village green, and therapy courtyards.

Just west of Santee Trolley Square, a 250,000 SF shopping center

opened in early October 2004 featuring a Lowe’s Home

Improvement Center and a Kohl’s Department Store.

Walgreens is planning a 14,820 SF store on Mission Gorge Road,

near the intersection of Carlton Hills Boulevard. There is also a

car wash and convenience store planned for the south side of

Mission Gorge, just west of the Fanita intersection.

Forester Creek Channelization project will benefit numerous businesses along Mission Gorge

Road by providing $36 million in drainage improvements to remove these properties from the

floodway. The Forester Creek project combines flood control, water quality and pedestrian

improvements to transform this creek into an amenity. When fully completed in August 2007,

Olive Lane will be extended south to connect to Prospect Avenue with a new bridge over Forester

Creek, and the project will create a 40-acre natural habitat/live stream linear park with picnic

tables and a pedestrian/bike trail alongside.

On the eastern end of Mission Gorge Road, on the northwest corner of the Magnolia intersection, a

5,725 SF Gateway commercial center is planned on the former Arby’s site.

Santee is now linked to the new

Mission Valley East Line,

traversing through a new

underground station at SDSU,

Allied Gardens, Qualcomm

Stadium, Mission Valley and Old

Town. The City has alternate

trolley access to downtown San

Diego from the Gillespie Field

Station at Weld. The Santee

Transit Center also features a 40-

ft Clock Tower with interactive

messaging boards for bus and

trolley information and

community information.

RSanteeESIDENTIAL DEVELOPMENT

Santee new homes developments are as follows:

Fanita Ranch encompasses 2,600 acres

in the northern area of Santee and

represents a monumental step in the

City’s residential development. Developer

Barratt American is planning to build

1,380 homes in four distinctly different

villages over the next seven to ten years.

They will all be single family homes on the

smaller 6,000 square foot lots, with more

expensive homes on the half-acre lots.

Project hearings are slated for Spring’07.

The project concept is an integration of

Preserve, Parklands and Villages (Oak

View Rockpoint Sage Hill Sycamore

Glen), incorporating the smart-living

principles of a walkable community with

a village center, energy-efficient homes

and environmentally responsible

transportation. A new school, fire station

and other public community facilities will

be built. More than half of Fanita—

approximately 1,400 acres—will be

permanently designated as an open

space preserve with a trail system. The

200-acre Parklands area will offer a mix

of recreational, cultural, education and

retail facilities.

RESIDENTIAL DEVELOPMENT (cont.)

Sky Ranch

approved in June 2005. This 371-unit project is

located on 377 acres on the west side of

Rattlesnake Mountain in Santee. The project

includes high quality move-up and executive

style single family custom homes ranging in size

from 2,690-5,260 SF on 6,000, 10,000 and

20,000 square foot lots. The 148 multifamily

dwellings are clustered in ten, 3-story buildings

on a 10 acre lot with floor plans ranging from

1,260-1,820 SF. Construction of these homes

would begin by early 2006 and be completed in

three to four years. To enhance freeway

accessibility, Lennar is constructing an on-ramp

to the adjacent SR-67 freeway.

Of the 223 single family dwellings, 67 homes are on 20,000 square foot lots, 67 homes are

on 10,000 square foot lots and 89 homes are on 6,000 square foot lots. Custom home

designs are proposed for all larger lots: the 20,000 SF lots will provide six different floor

plans ranging from 3,800-5,260 SF with seven different elevations and 4-car garages; the

10,000 SF lots will offer six different floor plans ranging from 3,270-3,765 SF with six

different elevations and 3-car garages; and the 6,000 squarefoot lots will include

enhanced architectural designs. As a result, each home within these neighborhoods will be

unique in appearance, with a custom home orientation.

Black Horse Estates –

Northcote Rd. at the eastern end of Santee

60 luxury single-family homes avg 2,750 SF on

half acre lots 104-acres surrounded by 67 acres

of open space View lots, with 3-5 bedrooms

and 3-car garages, are selling for the mid to high

$700,000’s.

Canopy Park and Stoney Creek at Riverwalk –

North of Town Ctr Community Park & Aquatics Center

Projects are approved and under construction.

Canopy Park 147 attached homes ranging from

1,861 to 2,096 SF3-5 bedrooms, 3.5-4 baths, and

2-space garages

Stoney Creek 71 detached single-family homes,

1,818 to 2,607 SF 3-5 bedrooms, 2.5-3 baths, and 2-car garages

RESIDENTIAL DEVELOPMENT (cont.)

Treviso - West Hills Parkway and Mission Gorge Road (located

on the former K-Mart site)

186 Tuscan-style units 1-3 story townhouses- 5

floor plans with 1-2 car attached garages, with pool/spa

& barbecue pavilion Ranging from 1,073 to 1,774 SF

Prices ranging from high $300,000’s to low

$500,000 Project is under construction Model units

on display

Palmilla

Southwest corner of Mission Creek Road and

Cuyamaca Street 33 two-story townhouses

3 floor plans with 2-3 bedrooms ranging from

1,267 to 1,504 SF; 2-car garages Constructed in

2004 Units sold in low $400,000’s

Vista Este –West Side of Fanita Drive 33 detached condominiums 3 floor plans (1-2 story) with

2-4 bedrooms ranging from 1,308 to 1,617 SF, and 2-car garages Constructed in 2004

Units sold in mid to high $400,000’s

Morningside –

Cottonwood Avenue between Buena Vista Avenue and

Mission Gorge Road

138 attached condominiums/townhomes

2-4 bedrooms, ranging from 1,190-1,733 SF

Units sold from low $400,000’s to mid $480,000’s

Prospect Glen –

West side of Fanita Drive between Prospect Avenue and Mission Gorge Road

48 two-story detached condominiums from 1,711 to 1,812 SF 3 distinct floor plans with 3-

4 bedrooms & 2 ½ baths Finished 2-car garages and structural wiring for

Voice/Data/Video needs Project completed in early 2006; home sales in late 2005.

Laurel Park Senior Apartments – MW Development

Buena Vista Avenue, just west of Cottonwood Avenue

133 affordable senior apartments Project completed and fully occupied.

Aubrey Glen

South side of Mission Gorge Road and east of Hiser Lane

87 attached townhomes 2- & 3- story floor plans ranging from 1,086 to 1,631 SF

Homes feature 2 to 3 bedrooms with 2 ½ to 3 ½ baths and 2- car direct access garages

Outdoor swimming pool and spa in a courtyard setting and an open space play area

Under construction; expected Winter 2006 Anticipated from low $400,000’s.

COMMUNITY AMENITIES

Santee Transit Center - $2.5 million multi-modal

facility serving as the hub for all bus services citywide

and the San Diego Trolley station linking Santee to

the San Diego region. This award-winning transit

center is located within the Trolley Square shopping

center and is a model for transit security with a Law

Enforcement Services Office located adjacent to the

transit center. Santee Transit Center now links to the

new Mission Valley East Line, traversing through a

new underground station at SDSU, Allied Gardens,

Qualcomm Stadium, Mission Valley and Old Town.

The City has alternate trolley access to downtown San

Diego from the Gillespie Field Station.

Carlton Oaks Country Club offers an 18-

hole championship golf course designed by Pete

Dye with a course rating of 74.6. It also offers a

58-room lodge with a heated pool, full service

clubhouse and banquet facilities.

Santee Fire Station 5 is a state-of- the-art facility built in

2000, located adjacent to Santee Lakes, and providing

fire service coverage for the western end of the City.

Santee Lakes Recreational Preserve Lakes encompasses over 190 acres and are

owned and operated by Padre Dam Municipal Water District. The facility offers picnicking,

hiking, boating, fishing and camping on the lower lakes. Padre Dam Municipal Water

District recently completed a new Customer Service Center, and their new 30,000 SF

headquarters at Santee Lakes opened in Spring 2006.

A state-of-the-art water reclamation plant is located at the northern end. All new

development in the Santee Town Center has been plumbed for reclaimed water, to utilize

this local resource. All city parks are being served with reclaimed water as well. In July

2005, a new recreational vehicle camp site opened that offers cable and phone

connections at each pad site, within a luxurious landscaped setting.

COMMUNITY AMENITIES (cont.)

Trolley Square Amphitheater – this 250-seat outdoor public amphitheater features an

entertainment stage and Bose sound system, with interactive pop-jet fountains. It is the

venue for numerous community events such as the City’s summer concert series, and the

Holiday Tree Lighting celebration.

City Aquatic Center - The first phase

of the 55-acre Town Center Community

Park was a 35,270 square foot Aquatics

Center and YMCA facility opened in mid

2003. This facility offers a 25 meter X 25

yard training pool, an interactive pool

with a play structure, water slide, water

exercise area, and lockers.

Mast Park is located on the north bank of the San Diego River, west of the Santee Town

Center. This linear 58-acre park is situated along the riverbed and includes over 26 acres

of developed parkland with the remainder as natural habitat. The City received an

Orchid Award in 1993 for the design of this park and the integration with the river habitat.

Pedestrian walkways and hiking paths link this to the rest of Santee Town Center and the

Mission Creek mixed-use development located to the east along the San Diego River.

Mission Trails Regional Park - On Santee’s westerly boundaries sits the Mission Trails

Regional Park consisting of 5,700 acres of passive parkland and habitat area. This

represents the largest urban park in the United States.