April 19, 2017
A venture between Aliso Viejo, CA-based Shea Properties, LLC and Shea Homes San Diego, LP acquired 17.7-acres of undeveloped land in Carlsbad CA, and plans to construct a new mixed-use specialty center. The site consists of lots 29 through 32 in Bressi Ranch, and was acquired for $26.5 million from an undisclosed seller.
The new specialty center will include 125 for-sale luxury condominiums, a food market, a drive-through drug store and other retail shops on the site located along Palomar Airport Road.
The retail center will feature a Main Street-like entry leading to new shops, services, and restaurants, all anchored by a specialty market. It will be accented by inviting patios, plazas, terraces, and courtyards designed to serve as gathering places.
Cushman & Wakefield’s Aric Starck and Dennis Visser represented the buyer and seller in the transaction.
For comments, questions or concerns, please contact Dennis Kaiser