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.”

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Michael Anderson
Michael Anderson 238 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.

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