An 8.5-acre parcel approved for 252 apartments in the Village at Highlands Ranch traded hands for $17.5M. Colliers International’s Gunder Creager tells us that the market is high barrier to entry, because there are few-to-no zoned multifamily development sites available in the Carmel Valley, with the exception of the Village at Pacific Highlands Ranch and One Paseo. “It will command top-of-the-market rents,” Gunder says. He repped the seller, PHR Village, along with colleague David Santistevan. (Gunder's holding his company's San Diego Region "Top Dog Award" for being a multiple-time top producer.)
New Apartments Tough to Do in Carmel Valley
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Related Topics:
Carmel Valley
, Colliers International
, David Santistevan
, Gunder Creager
, Highlands Ranch
, One Paseo
, San Diego Region
, Village at Highlands Ranch
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