SAN DIEGO—Master-planned communities of size are a dying breed due to land constraints in San Diego, Colliers International broker David Santistevan tells GlobeSt.com. Santistevan and Gunder Creager of the firm's San Diego land team recently represented San Diego-based seller Mountain Glen Family LLC and Irvine-based buyer CalAtlantic Homes (which has an office in San Diego) in the sale of a 170-acre master-planned community site, Heritage Bluffs, in Del Sur at Carmel Valley Rd. and Dove Canyon Rd. here for $24.5 million. Heritage Bluffs comprises 171 single-family home lots as a part of the Del Sur Master Plan. The property features panoramic views with close proximity to community shopping, new school facilities and major transportation corridors.
Santistevan also tells GlobeSt.com that it took more than 20 years to get the Del Sur site that just sold approved. We sat down with him for an exclusive chat about this site and the current state of master-planned communities in general.
GlobeSt.com: What stands out for you about the Del Sur master-planned community?
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
