In case you missed this story last month, Shapell Homes, a Beverly Hills-based developer, purchased the 211-acre western half of Robertson Ranch located along El Camino Real and between Cannon Road and Tamarack Avenue in Carlsbad.
Shapell plans to build 680 single-family homes and apartments or condos, a 15-acre commercial center, a 13.5-acre park, and a 6.8 site for a new elementary school. About half of the 211 acres is to remain open space.
Shapell plans to begin grading in early 2012 with the first homes being sold in the 3rd quarter of 2013.
Shapell is a conservative company and some real estate experts see this as a sign of the real estate market recovery coming to San Diego very soon. The massive project will also of course bring many construction-related jobs to the North County community and will undoubtedly be very good for San Diego’s job picture and overall economy.
Check out the full article from SignonSanDiego which was published last month.
Call us for any questions you have about San Diego real estate.
Kevin P. Cummins, J.D., SFR / Diane C. Cummins Certified Relocation Specialist Broker Sales Associate | REALTOR®
Coldwell Banker Residential Brokerage
3810 Valley Centre Drive #906 San Diego, CA 92130 C: (858) 750-9577 F: (858) 793-9944
CA DRE Lic. # 01812762
