May 2017 Newsletter

  

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MAY 2017 NEWSLETTER
JD Napa Valley
Coldwell Banker Brokers
This past month has continued to be quite busy on the sales front with 2 more residences at the Four Seasons Napa Valley going under contract, leaving only 8 homes available for purchase. We have been thrilled with the response to this project, especially with the group of new Residence Owners who are now in the process of choosing finishes and working out the details for their new homes. An extraordinary community of homeowners is coming together and we look forward to completing the residences in approximately 18 months!
If you have been in the Valley lately, you may have noticed a whirlwind of activity at the site. As the rains subsided in March, the construction team began dewatering the site in preparation for construction. The first activities included excavation and trenching for the installation of the storm water management system along Rosedale Road and across the southern border of the property. The majority of the piping and structures arrived at the site in early May and the team anticipates completion of this scope of work near the end of the month. Excavation of the footings for the main hotel building also commenced in early May and preparations for the offsite improvements along Rosedale and Silverado Trail are well on their way. Over the next two months the utility work will continue throughout the site while excavation of the footings and foundations are accelerated through the main hotel buildings and onto the hotel villas and residences. The first vertical construction is anticipated to start later this summer. Our crew is full steam ahead!

With only 20 Residences in total and 12 already spoken for, this limited offering will only be available for a short amount of time. Priced from $4.25MM to $5.66MM. If you are interested in discussing this unique offering, please reply to this email or call me anytime.

As always, I appreciate your business as well as your referrals. Kindly let me know if I can help in any way.

josh dempsey

With offices on Main Street in St. Helena and in Calistoga, I look forward to seeing you soon.All the best,

Josh Dempsey

 

 

IN THIS ISSUE
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E&J GALLO WINERY PURCHASES STAGECOACH VINEYARDS

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The biggest news this past month in the Napa Valley winemaking world is hands down the announcement that E&J Gallo Winery has purchased Stagecoach Vineyards, which is located on the eastern ridge of the Napa Valley. Owner Jan Krupp has been selling grapes from this property for years to almost 100 wine producers and about half of those grapes – more than 600 acres – are prime cabernet sauvignon. The sale has left many vintners wondering where they will be getting their grapes from moving forward – and although E&J Gallo has said that they will extend the contracts already in place, many are said to be feeling uncertain about how long that will last and what this will mean for the long term. No sale price has been made public, but one industry expert estimates the land is likely worth more than $300MM. Click here to read more about this tremendous acquisition.

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OVID WINERY PURCHASED BY SILVER OAK / TWOMEY

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Another noteworthy acquisition this past month is the purchase of Ovid Napa Valley by Silver Oak and Twomey Cellars. Ovid Napa Valley focuses on small-lot and limited-production premium Napa Valley cabernet sauvignon on Prichard Hill. This is an exciting purchase for Silver Oak / Twomey – congratulations to the Duncan family and everyone involved! Click here for more on this purchase.

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NAPA VALLEY GEARS UP FOR BOTTLEROCK THIS WEEKEND

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The buzz around town this week, and for the past month honestly, is all about BottleRock. Everyone seems to be scrambling for tickets to the sold-out show that takes place at the Napa Valley Expo this Friday, Saturday and Sunday. With an estimated 40,000 people attending each day, it’s no wonder the festival’s promoters, Latitude 38, are putting quite a bit of elbow grease (and cash) into the beautification of the Napa Valley Expo, which is normally home to carnivals and destruction derbies. From what we’re reading, we are in for quite an experience this weekend. Click below for the complete lowdown on everything BottleRock.

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NEW ST HELENA HOTEL LAS ALCOBAS

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If you live in or near St. Helena, you are sure to be hearing quite a bit about the new hotel/restaurant/spa in town, Las Alcobas. Located at the northern end of town on the hill right off of HWY 29, it’s the beautiful white hotel you’ll see as you drive by Pratt Street. The luxury boutique hotel has 68-rooms ranging in price from $700-$3,000/night, and the restaurant, the Acacia House, features chef Chris Cosentino and partner Oliver Wharton at the helm. We were lucky enough to get a preview of the grounds, rooms, pool, spa, and restaurant a few weeks ago, and even sampled some delicious cocktails at the bar. It’s gorgeous. It’s unique. It’s just what St. Helena needs right now. Get yourself a reservation asap and see for yourself, or click the link below if you can’t but still want to read about it.

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NEARLY $2 BILLION SPENT BY VISITORS TO NAPA VALLEY LAST YEAR

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We saw this statistic and were impressed. It’s hard to believe that 3.5 million people visited our little Valley in 2016 and spent almost $2 billion, up 17.5 percent from 2014. Click the link below for a more in depth look at our economy and the effects tourism has on it.

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JOSHUA DEMPSEY

COLDWELL BANKER
BROKERS OF THE VALLEY

707.637.6123
jd@jdnapavalley.com
jdnapavalley.com
CAL BRE #01937815

 

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