Real Estate Round Up

July 22, 1999

July 29, 1999

August 5, 1999

Real Estate Roundup

The Corky McMillin Cos. of National City has been chosen by General Dynamics Properties to develop a 2,132-acre site known as Sycamore Canyon near the Scripps Ranch area of San Diego.

GDP acquired the property in 1963 from the federal government. For the past six years, the land has served as a defense manufacturing and administration facility. The site was formerly part of the Camp Elliott training center.

The Corky McMillin Cos. is the co-developer of the nearby 1,200-acre master-planned Scripps Ranch Villages, currently in the late stages of development. The GDP announcement also comes just days after McMillin was chosen by the San Diego City Council to be the lead developer on the former Naval Training Center on Point Loma.

Preliminary plans for the Sycamore Canyon property include approximately 525 clustered estate homes on lots from one-third to three-quarters of an acre and an approximately 130-unit multifamily development.

Capstone Advisors and joint venture partner Innovative Resort Communities have acquired 23 finished-home lots for $9.5 million from Rancho Cielo Estates. The lots are in the 1,800-acre, 520-home Cielo at Rancho Santa Fe in North County. The homes will have floor plans from 5,500 to more than 6,000 square feet, with prices starting at about $1.6 million. The architect is Colbourn-Currier-Noll Architecture Inc. Ground is expected to be broken in October, with models opening in May or June 2000.

Davidson Communities has acquired 22 acres in Encinitas at Manchester and El Camino Real. The homebuilder plans 33 single-family detached homes on the site in a gated community called Sage Canyon. Construction on the model homes is expected to begin in August.

The homes will be in three floor plans from 2,766 to 3,442 square feet with four to six bedrooms on lots averaging 9,700 square feet. Prices will start in the low $500,000s.

Shea Homes San Diego on Sunday will release 17 homes in the latest phase of its Andalucia at Rancho del Rey in Chula Vista. The new release will be priced from $249,990. Five one- and two-story floor plans range from 2,213 to 2,871 square feet with three to five bedrooms.

Barratt American will hold a grand opening Sunday at its Victoria Ranch in Twin Oaks Valley in San Marcos. Eleven of the 46 planned homes have been sold during preview sales from $487,844 to $538,661. Floor plans from 3,175 to 3,921 square feet with three to six bedrooms.

Brookfield Homes will hold an opening Saturday of the three model homes at its Barrington at Calavera Hills in Carlsbad. Brookfield also will release for sale the 12 homes of the second phase. Prices are expected to start in the high $200,000s. Two-story floor plans range from 1,957 to 2,287 square feet with three and four bedrooms.

Shea Homes San Diego on Sunday will release 23 homes at its Fairfield and Summerfield neighborhoods at Otay Ranch in Chula Vista.

Fairfield's release of 10 homes is part of the second phase, priced from $287,990 to $364,990. In two months on the market, Fairfield has logged 10 sales. Its 86 homes have three one- and two-story floor plans from 2,505 to 3,625 square feet with three to six bedrooms.

Summerfield's release is 13 homes as the third phase, priced from $270,990 to $315,990. Its 96 homes offer three one- and two-story floor plans from 2,388 to 2,989 square feet with three to five bedrooms.

Davidson Communities reports 23 net sales in the second quarter at Amador, its 62-home development in Carmel Valley. Just eight homes in the 62-home project remain at $619,900 to $769,900. The two-story floor plans range from 3,760 to 4,471 square feet with four to seven bedrooms.

Ryland Homes reports 115 homes have been sold at its master-planned Twin Oaks Valley Ranch in San Marcos since model grand openings two months ago. Three neighborhoods currently are being offered. The Arbor Collection is priced from $229,990 to $255,990; the Monterey Collection from $259,990 to $289,990; and the Highlands Collection from $309,990 to $349,990.

Arbor offers three floor plans from 1,656 to 2,158 square feet with three and four bedrooms. Monterey offers three floor plans from 1,973 to 2,546 square feet with three to six bedrooms. Highlands has three floor plans from 2,257 to 3,172 square feet with three to five bedrooms.

Pacific Bay Homes and David T. Lorimer Architect & Associates had one of their units named as the Home of the Year at the 36th annual Gold Nugget Awards during the Pacific Coast Builders Conference in San Francisco. The award-winning residence was the 2,128-square-foot, four-bedroom Craftsman-style Kensington Road model in Rolling Hills Ranch in Chula Vista. The unit is priced at $268,000.

Ayres Land Co., developer of master-planned Sunbow in Chula Vista, has allocated more than $2 million to improve existing road facilities on Telegraph Canyon Road. TC Construction, the general contractor for Fieldstone Communities and Shea Homes, also building at Sunbow, is responsible for the project.

Morrow Development announced the 1.2-mile extension of Calle Barcelona between El Camino Real and Rancho Santa Fe Road in southern Carlsbad is now officially open. Also open is a 110-foot, $500,000 pedestrian bridge across Calle Barcelona linking the surrounding neighborhoods to master-planned La Costa Valley. The eight-foot wide bridge was designed by Solana Beach-based The Dahlin Group. Simon Wong Engineering was a consultant.

Ryland Homes reports sales reservations on 11 Azores Collection homes for adults at The Oasis at Menifee. The single-story floor plans range from 1,295 to 1,771 square feet with two and three bedrooms. Prices range from the $140,000s to the $170,000s.

July 22, 1999

July 29, 1999

August 5, 1999