Jensen's will be opening a new store in the Smoke Tree Commons Shopping Center, scheduled to open this fall, or next spring. In the Smoke Tree Shopping Center, built in the 1960s and located to the west of the new shopping center, Ralph's has closed to remodel and will reopen in three or four months as Ralph's Fresh Fare.
Will these two "upscale" grocery stores located on Palm Canyon Dr. positively affect the values of the local neighborhood? The western section of Los Compadres (single family homes), and several condo developments (Saddle Rock Gardens, Saddle Rock Estates, The Versailles, The Biltmore) all stand to gain value, I believe, with their proximity to these "up scale" grocers. It could only be bettter if one were a Whole Foods.
As more boomers move to the desert, they are demading "higher end" shopping options. And many of them want to be close to those shopping amenities.
I think it won't be long before local real estate agents are pointing out the great location that Los Compadres and area neighborhoods have to these two sought-after stores
Russell Hill
RussellHill.net
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