SAN DIEGO—Northern San Diego—a region not known for its love of density—will accept mixed-use residential development if it's horizontal and not vertical, Touchstone Communities' EVP Addison Garza tells GlobeSt.com. As we recently reported, the developer, in conjunction with global alternative investment firm Värde Partners, has acquired 75 acres of land in the Valley Center area of San Diego for $6 million from Konyn Dairy to develop a new mixed-use, master-planned residential community known as Park Circle on the land site.
Key amenities of the community will include a retail town center featuring restaurants, shops and community space; a large central park with events stage, sports courts, fire pits and gathering places; a clubhouse and recreation center with pools, fitness room and event spaces; a community garden; more than four miles of trails; and neighborhood parks. (See site plan below.)
Terry Jackson, Matt Davis and Curtis Buono of Cushman & Wakefield's Land Advisory Group represented both parties in the transaction. We spoke with Garza and Jackson about the project and the acceptance of this type of density in North County.
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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.
