Yes, it will affect nearby communities...and in a good way. I think that surrounding communities will benefit from having Playa Vista's Runway. The downside is that traffic will increase. The upside is that people will want to be near the new amenities. Not everyone will want to pay Playa Vista's double HOA dues and Mello Roos tax bill, but they will want to live nearby and will look to Marina del Rey.
What do you think about the affect of Marina del Rey's recent growth? The Stella Apartments and Marina Marketplace seem to have brought value to the neighborhood. Once AMC opens, where United Artists theater was, I think it will tie the shopping center together nicely.
If you would like to discuss this further, please call me at 310-737-8173 or email is fine too: info@KimAndKristine.com
If you would like a free market evaluation please reach out to me directly.
Berkshire Hathaway HomeServices
First of all everything that was done there is top notch with all the amenities you could ask for. It has brought in a many new and needed services and a whole new community to West Los Angeles. I predict the new phase 2 will be even better and provide entertainment and green scape that us useable as well.
I can only see it bringing up( maybe way up) the surrounding property values and that's a great thing for all of us who own in the area.Right now we have a huge demand for housing in the area.
IF you would like to know your current home value just send an email to me or call me directly. I believe you will be very pleasantly surprised!