NEXT MEETING: December 14, 2018
What to expect for your taxes in 2019
What changes will we see in our 2019 tax laws and procedures? Our resident CPA, Connie Tritt, will gives us a rundown on what to expect: the good, bad and maybe deferable.
So come, listen, and prepare to stock up on either aspirin or champagne.
MEETING OF December 7, 2018
Jim Findley lead the Pledge of Allegiance. Herb asked for a moment of reflection for peace and justice on Earth. Syd’s Thought for the Day: Don’t wait for people to be friendly, show them how
Our guests were Jeff Sloan, the Executive Director of Early Childhood Mental Health Program. He was a guest for the last time (see below).
Happy and Sad Dollars
The Shops at Hilltop and Hilltop by the Bay
Today’s speaker was Leslie Lundin from LBG Real Estate, which purchased Hilltop Mall and the 77 acres of land it occupies. The mall has been renamed “The Shops at Hilltop” and the entire property as “Hilltop By the Bay”.
Hilltop By the Bay will be a mixed-use community (a new city within the city), including more than 3,500 residential dwelling units (a mix of rentals, for-sale and affordable), offices, recreational amenities and 1.2 million square feet of retail. The latter will be in the Shops at Hilltop, a portion of which will be anchored by a 99 Ranch Market and several other businesses calculated to appeal to Asian consumers, which is the fastest growing and one of the wealthiest demographics in the region. Once those businesses start pulling in buyers, mainstream retailers will follow, many of which will be outlets.
One problem with the plan is that the cost of residential construction is outstripping the income that can be received from them, so they may have to be prefabricated buildings or wait for construction costs to go down. Look at their web site for a really cool video of what the completed development might look like, lots of statistics about the demographics and wealth of the region served by Hilltop Mall (Richmond is wealthier than you think!), and information about retailers and restaurants expected to occupy the rehabilitated mall. That’s Shophilltop.com.
- Josh Genser, Rotating Scribe