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Developer updates board on Twin Ponds; supervisors set six‑month review to track commercial leasing
Summary
Developer for Twin Ponds told the board residential construction is well under way but the commercial 30% portion remains unleased; the board asked the applicant to return in six months with market reports and leasing progress.
Attorney Tom Nahila and Vanguard Development Group representative Jamie Groff updated supervisors about the Twin Ponds revised‑final plan and construction on June 4.
Nahila summarized the project’s prior mixed‑use ratio, saying it had been conceived as "70% residential, 30% commercial." Groff described construction progress: most residential buildings are under construction and building permits have been submitted, while the developer has engaged a commercial broker and "they were in talks with another national day care operator" as a preferred commercial user but have not yet finalized a tenant.
Board members expressed concern that the commercial portion could be perpetually vacant if the developer waits for a tenant to fund a build‑to‑suit. One supervisor asked whether the developer could commit to constructing the commercial building after a defined marketing period; the developer replied that financing to build spec commercial space without an identified user is unlikely. The board agreed to keep Twin Ponds on the discussion agenda and asked staff to schedule a six‑month follow‑up so the board could "keep your feet to the fire" and monitor marketing reports.
A supervisor summarized the action: if the applicant has pulled a permit and a tenant is committed before the follow‑up, the board will remove the item from the December agenda; otherwise the developer will return with updates.
What residents and board should watch for: market reports from the developer, any permit filings for the commercial building, and whether the applicant pursues a build‑to‑suit commitment or other guarantees.
