Why Developers are Clamoring for Land Here

OCEANSIDE, CA—Developers are scrambling for the dwindling amount of developable land in Oceanside, which represents space that previously hadn’t been touched before the last cycle. Among that space is Rancho del Oro, a master-planned community here, in which Presidio Residential Capital and Cornerstone Communities have broken ground on Pacific Ridge, a 30-acre, 317-unit gated development being built on the last remaining land within the community.

Model construction on the project is expected to begin in January 2016, with homes for sale by Summer 2016. According to Paul Lucatuarto, principal for Presidio Residential Capital, “This project is another great example of Cornerstone and Presidio working together through the planning process in order to create a community that matches the City of Oceanside’s vision while still delivering reasonably priced housing for our future resident.”