Real Estate Round Up

May 13, 1999

May 20, 1999

May 27, 1999

Real Estate Roundup

Desert Troon Cos. recently broke ground on 464 Prospect, a 47-unit luxury condominium complex built on 2.75 acres at the former Scripps Memorial Hospital site between Prospect Street and Coast Boulevard in La Jolla.

The three-building complex was designed in 1924 by Louis Gill, nephew of the famed Irving Gill. It originally housed a clinic, Scripps Memorial Hospital and a hospital expansion. In May 1964, the hospital moved to its current location on Genesee Avenue and the clinic expanded into the vacated space. In 1977, the Scripps Clinic moved to its current location on North Torrey Pines Road and the building on Prospect was closed.

The condominium complex will consists of one- and two-story villas with private terraces, gardens and coastal views. Amenities will include a fitness facility, pool, spa and wine cellar/tasting room with private lockers. The units will range from 1,500 to more than 6,000 square feet and are priced from $650,000 to more than $4 million.

McLarand, Vasquez & Partners is the principal architect of 464 Prospect with consulting architect James Alcorn & Associates. The contractor is Ninteman Construction Co. Parisi Inc. is the project interior designer. Phil Ordway is project general manager for Desert Troon.

McMillin Cos. reports seven of nine homes were sold on the opening day of at its Veranda development in the Lomas Verdes portion of Otay Ranch in Chula Vista. The four- and five-bedroom floor plans range from 1,976 to 2,454 square feet and are priced from $217,990. The first phase of Lomas Verdes will have five more neighborhoods debuting this summer.

Shea Homes on Sunday will release 15 homes in its Andalucia development in Rancho del Rey in Chula Vista at prices ranging from the mid-$200,000s. Five one- and twos-story, three- to five-bedroom floor plans range from 2,017 to 2,871 square feet.

Brookfield Homes on Saturday will release 13 first-phase homes for presale at its Barrington at Calavera Hills in Carlsbad. The trio of two-story, three- and four-bedroom floor plans range from 1,957 to 2,287 square feet and are priced from $269,900 to $321,900.

Shea Homes on Sunday will open sales at its Fairfield and Summerfield developments in Otay Ranch with a release of 16 homes.

The 86-home Fairfield development will have eight three- to six-bedroom floor plans ranging from 2,505 to 3,555 square feet. Prices will range from $285,275 to $364,275.

The 94-home Summerfield development has eight three- to five-bedroom residences ranging from 2,368 to 2,855 square feet. Prices range from $262,275 to $308,275

Barratt American reports a close-out is approaching with 34 of a planned 42 homes sold at its Venezia Del Mar development east of Del Mar. The three- to five-bedroom floor plans range from 3,041 to 3,740 square feet and are priced from $595,990 to $839,900, the latter for an upgraded model home.

McMillin Homes on Saturday will release seven homes as part of the 10th phase of its Sunrise at Temeku Hills Golf and Country Club development in Temecula priced from the mid-$160,000s to the mid-$190,000s. The two- to six-bedroom floor plans range from 1,726 to 2,584 square feet. McMillin recently added 81 homes to the original plan for a total of 154 homes.

Ryland Homes reports 20 homes of a planned 81 homes are remaining at its Malaguena development in Murrieta. Two-level floor plans range from 1,783 to 2,646 square feet with three to five bedrooms. Prices for remaining homes in the seventh phase range from $169,990 to $204,990.

May 13, 1999

May 20, 1999

May 27, 1999