Herald Journal, July 7, 2003
Golden Gate Estates lifts 55+ age restrictions
By Julie Yurek
The developers of Golden Gate Estates are lifting the age requirement of 55 and over and opening up the townhomes to all ages.
The decision is from the lack of sales, said Gary Anderson, general contractor, in a letter to the Winsted City Council Tuesday night.
Golden Gate Estates have been on the market for two years and have not had one sale, he said.
Kendell and Aaron Kubasch of Limitless Development are the developers of Golden Gate.
The reasons why there have not been sales is not known, Anderson said. He speculated the economy or national tensions maybe a factor, or some misinformation that has been circulating.
The rumors are regarding the rules about visitors and parking, Anderson said.
In the declaration of Golden Gates, it is stated that no person under age 13 may stay overnight longer than a total of 14 days in a period of four months. A person under the age of 18 may only stay overnight 28 nights in a 12 month period.
Garages and parking areas on the property can only be used for the parking of owners' vehicles and their guests.
The relaxing of the age requirement does not change the rules about long-term visitors or parking, Anderson said.
Anderson and the Kubasches are not expecting large families for Golden Gate because the units are two bedrooms, Anderson said.
They are expecting single professionals, newly married couples, single parents, or retired people, he said.
Sales of townhomes have slowed in the surrounding area, including Buffalo, said JoLynn Cafferty of Edina Realty. Cafferty is the Realtor for Golden Gate.
The market has been slow in general. There is a lot of inventory on the market right now, she said.