March 25, 2019
Lennar Corporation acquired a 41.5-acre property in San Diego, with plans to develop a new residential community known as Pacific Village. The property is situated in Rancho Penasquitos, a suburban neighborhood at the southern end of North County.
Located off of Carmel Mountain Road, at the 56 Freeway and Interstate 15, Pacific Village will feature a total of 601 new homes for middle class families. The community will be composed of 277 apartments, 120 townhomes, 105 triplex homes and 99 single-family homes.
Lennar’s Bill Ostrem says, “Pacific Village is focused on smart growth-oriented housing that is close to jobs and transit, and connectivity that promotes walking and biking to nearby amenities and activity centers.”
The seller was Atlantic Pacific Companies. Cushman & Wakefield’s Kevin Nolen, Tim Winslow and Jason Kimmel represented Lennar.
For comments, questions or concerns, please contact Dennis Kaiser