Developers Join Forces to Build 740-acre, Mixed-Use Project in South County

CHULA VISTA, CA-Two major residential developers are teaming up to develop a master-planned, mixed-use project in Chula Vista that will include both multifamily and commercial product as well as single-family housing.

Newland Communities and Trimark Pacific Homes will jointly develop San Miguel Ranch on a 740-acre parcel in this north county community. “The south county area of San Diego will be the focus of growth in San Diego over the next several decades,” says Stephen Hester, Trimark Pacific partner and division president. “San Diego County is suffering from a shortage of lots for building homes and experiencing high prices for the lots that are available,” adds Robert McLeod, chairman/CEO for Newland. “The relatively affordable land still available in Chula Vista makes this an ideal area in which to build.

“The San Miguel project is a well-placed strategic investment that meets the goals of Newland’s national portfolio program,” he adds, noting that his firm’s portfolio is a diversified program of entitled residential development projects acquired through limited partnerships with the California Public Employees Retirement System, the nation’s largest public pension fund.