Addressing A Long, Underserved Community Need Within The Covenant
Many Covenant residents have asked how would Rancho Santa Fe benefit from a luxury senior living development at this location. If approved, we believe Silvergate Rancho Santa Fe would offer a multitude of benefits including addressing a long, underserved community need within the Covenant.
1. Providing Seniors An Opportunity to Stay In the Ranch
Currently, residents of the Ranch who are seeking a quality retirement lifestyle are lacking any local neighborhood options in RSF. They must move out of the community they cherish in order to find desirable senior living accommodations. With more than 850 Covenant residents currently over the age of 75, Silvergate RSF would offer many seniors the opportunity to stay in the community they call home. They can remain near friends and family, continue to shop locally, keep their club membership active, and continue supporting their favorite local organizations and charities within the Ranch.
2. Generating New Revenue For the RSF Association
Silvergate RSF would become one of the largest contributors of annual dues to the RSF Association, with initial contributions estimated at $150,000 per year. These funds would provide the Association with more resources to invest in other community needs to the benefit of all residents within the Ranch.
3. Supporting Long-Term Viability of the Ranch
Development of this project creates an opportunity for new families to settle in the Ranch as they buy homes from long-time Covenant members who would move to Silvergate. This next generation of families supports the long-term health and wellbeing of the entire RSF community. Furthermore, as many home values for seniors have been protected by Prop. 13 for decades, the newly assessed value of these home purchases results in a significant increase in dues flowing into the RSF Association as well.
4. Beautifying A Gateway Entrance to the Ranch
For decades the property at Calzada del Bosque near Chino Farms has often been considered an “eyesore” by many Covenant members. The development of Silvergate RSF offers a tremendous opportunity to beautify one of the main entry points to the Ranch—something of which all residents can be proud.