Brandywine Homes to Build 586-Unit Self Storage Facility in Escondido

ESCONDIDO, Calif. – December 19, 2016 – Brandywine Homes announced today that it has purchased 3.2 acres of vacant land at 2319 Cranston Drive in Escondido’s Kit Carson neighborhood and will build 586 self-storage units totaling on 1.74 acres and four custom homes on 12,602- to 14,000-square-foot lots. This is Brandywine’s first ground-up self-storage development project.

“We’re excited about moving into a new, up-and-coming arena of real estate with this project,” said Mark Whitehead, principal in charge of construction for Brandywine. “We chose this property because of its convenient location with easy accessibility for many residents, and we’re confident it will add value to the neighborhood.”

With housing developments to the north and east and commercial centers surrounding it, the self-storage project will consist of two contemporary stucco buildings totaling 78,067 square feet is broken down as follows: a 66,831-square-foot two-story building over a basement and an 11,236-square-foot one-story facility. The development will include 24 parking spaces with loading areas, six-foot-high masonry screen/noise walls along the eastern and southern boundaries, and a six-foot-high masonry block wall and wrought-iron fencing along the western boundary. Ornamental landscaping will include a 20-foot landscape buffer along property boundaries adjacent to residents.

Escondido is located in San Diego County’s North County region, 30 miles northeast of Downtown San Diego, Calif. The city is growing at a rapid rate and is one of the oldest cities in San Diego.

Previous 9 Real Estate Trends To Expect in 2017
Next Hearthstone, New Home Co, Buy Seabluff Condo Project in West L.A.

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Homebuilders / Land Developers

A Housing Pullback In 2017?

According to data compiled by the Federal Reserve Bank of New York, the 10-year term premium moved above zero for the first time in 10 months on the 14th of

Homebuilders / Land Developers

Hombuilder IPO Window Closed for Now

After eight homebuilder IPOs in 2013 and the beginning of 2014, there seems to be no appetite for new stock issuances as a result of a generally slow 2014 in

Homebuilders / Land Developers

Which Public Homebuilders are Best Positioned for 2015?

This article by Seeking Alpha takes a look at where 10 of the largest public homebuilders currently stand on a number of key financial metrics and where some of these