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 0 Comments

The Risks of Owning Land

The most alternative of asset classes, land provides opportunities to earn multiples on investment but can also become a completely illiquid anchor – sinking companies who hold too much of

Deals

Lennar to Build 124 Homes in the Phillips Ranch area of Pomona

Lennar Corp. has purchased a 13.9-acre site in the masterplanned Phillips Ranch area of Pomona where it plans to build 124 homes and 6,000 square feet of retail space. The

Land/Projects

CAA Opens Homes in Winchester

CalAtlantic Homes on Saturday announced the Grand Opening of Sunrise at Morningstar Ranch in Winchester, CA., offering family homes in the popular Morningstar Ranch community and the Temecula Valley Unified