CaliforniaWest and Presidio Residential Capital to Begin Model Construction at 71-Unit Neighborhood in San Marcos, Calif.

Press Release

CaliforniaWest and Presidio Residential Capital have announced the start of model construction at Westerly, a new neighborhood with 71 home sites on 13 acres within the 253-acre master-planned Rancho Tesoro community in San Marcos. A grand opening is scheduled for late spring 2017, and Westerly is expected to be completed by spring 2019. The retail value of this development is $56 million.

“With its amazing location near Discovery Lake, trails and parks, Westerly will be popular with families as well as young professionals and baby boomers,” says Robert Thorne, CEO of CaliforniaWest. “This neighborhood enclave, nestled at the foot of the surrounding hillsides, connects seamlessly to the landscape.”

Read More

Previous The Vanishing San Diego Single-Family Home
Next California Housing Crunch Prompts Push to Allow Building

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

Land/Projects

Esencia Draws 10,000 Viewers

Esencia, the second phase of the 14,000-home Rancho Mission Viejo masterplan, opened this past weekend with 42 model homes and drew 10,000 viewers. Esencia, just east of San Juan Capistrano,

Land/Projects

Land Shortage Impeding New Home Supply

In a May survey by the National Association of Homebuilders, 60% of respondents stated that the overall supply of developed lots was low to very low, the highest percentage since

Land/Projects

TRI Pointe Acquires 199 Lots in Santa Clarita Valley

TRI Pointe Homes acquires 199 lots in the Five Knolls masterplan in the Santa Clarita Valley area of Los Angeles County. Pricing on TRI Pointe’s Grayson at Five Knolls project