Is now a good time to invest in a new property? This might be a difficult question to answer in light of the obstacles that the Coronavirus Pandemic has brought upon home buyers and sellers, alike. In order to provide home buyers and sellers some insights into this question, we are highlighting a few promising new developments in San Diego’s North County. In particular, Lennar’s Pacific Village is an up and coming neighborhood that not only aims to promote sustainable living but to aid San Diego’s housing shortage by providing the community with 601 new homes and affordable rental units.
Rancho Peñasquitos Source: Trulia.com
Lennar’s Pacific Village, located in Rancho Peñasquitos, offers an exciting opportunity for new homeowners to live sustainably. Pacific Village is promoting the use of sustainable energy by building solar-powered homes, creating electric vehicle charging stations, and installing home-automation technology to help conserve energy. The village plans to open a recreation center which will give residents access to pool and spa amenities. Other improvements will also be made to infrastructure and landscaping, starting with sidewalks and a bike lane along Carmel Mountain Road. Pacific Village is also centrally located at the northwest corner of the 56 Freeway and I-15, making it convenient for residents to come in and out of the village for work or Downtown San Diego excursions.
The Pavilion Source: Lennar.com
The Lennar Communities in Pacific Village consists of three premier communities: The Promenade (120 new townhomes), The Pavilion (105 new triplex homes), and The Commons (99 single-family detached homes). All of which are walking distance from private parks, trails, fitness centers, and open spaces to enjoy performances from local artists. The community is close to hiking and biking trails of Black Mountain, and located near shops including Costco and Trader Joe’s. The Pacific Village communities are close to the MTS transit system, making commuting easy for residents. The communities have been built with a focus on preserving and enhancing Rancho Peñasquitos’ natural landscape, so new residents may continue to enjoy the fresh air and the energizing environment.
The Promenade Source: Lennar.com
The Pavilion Source: Lennar.com
The Commons Source: Lennar.com
The Courtyards Source: Lennar.com
Currently, Pacific Village is in the midst of a redevelopment plan to accommodate The Courtyards on Carmel Mountain Road. Though move-in is scheduled for early Spring 2021, and leasing will begin in Winter 2020. The property holds 274 luxury apartments and offers one, two, or three-bedroom rentals, all with a patio and balcony. The Courtyards will give residents a chance to live in an apartment complex that accommodates the whole family’s needs, including but not limited to a BBQ area, an indoor-outdoor game room for the kids, and relaxing cabanas by the poolside. Residents can also find more activities outside of Pacific Village in the Peñasquitos Town Centre. One experience to consider is The Back To Rock Music School which hosts open houses throughout the year to showcase live musical performances and inspire new students to join the fun.
Pacific Village Community Pool and Bonfire Source: Lennar.com
Living in Pacific Village allows you to experience what the vibrant community of Rancho Peñasquitos has to offer. Rancho Peñasquitos hosts various events throughout the year, one of the most notable events is the annual Fiesta de Los Peñasquitos. The Fiesta de Los Peñasquitos is a street fair and community parade with over 150 booths, 3 stages for live entertainment, and carnival rides. This October, Rancho Peñasquitos is hosting a Halloween Spooktacular Drive-Thru Costume Parade organized by the community council. The event will be COVID-compliant, reinforcing that visitors will be at least 6 feet apart at all times.
The Trails Source: TheTrailsAtCMR.com
Down the road from Pacific Village will lead you to Carmel Mountain Ranch, a neighborhood with an active community association that strives to maintain the quality of life for residents. In early 2020, the New Urban West group began discussions on their plans to develop the former Carmel Mountain Ranch Country Club golf course. Their plan is to transform the land into The Trails at Carmel Mountain Ranch, “a modern vision for a connected community.” The Trails will create 1,200 new homes, more than 9 acres of neighborhood parks, and preserve over 110 acres of open space for outdoor amenities such as nature trails, movies in the park, and community gardens. The location will be “surrounded by top jobs, schools, parks, shops, and a regional transit stop.” As of August 2020, the Trails at Carmel Mountain Ranch project remains in the drafting stage, seeking approval from the City of San Diego.
One of the larger existing neighborhoods in Carmel Mountain Ranch is Fairway Village, known for its Annual Christmas Light Celebration. The streets are lined with houses that bring the Christmas spirit to live with festive outdoor decorations. The evening before Christmas, the village hosts a block party for residents and the public to enjoy a night of “good friendship and holiday warmth.” Locals can enjoy hot chocolate, Christmas themed treats, and a visit from Santa Claus. Prior to this festive celebration, Fairway Village holds a fall festival where “local businesses, community organizations, and school representatives set up information booths,” giving residents and visitors from neighboring suburbs a chance to get to know each other. Due to the pandemic, the community has postponed its annual events until further notice, but you can expect to look forward to these events in the future.