Why Bressi Ranch Needs This New MXD Development

Starck: “This will be the first multifamily project here that’s for-sale only.”

CARLSBAD, CA—With the progress of ViaSat and RAF Pacifica’s Lift project in the Bressi Ranch area of Carlsbad, the market has become underserved by retail, restaurants and other services, which Shea Homes’ new specialty center will offer, Cushman & Wakefield’s executive managing director Aric Starck tells GlobeSt.com. Shea recently acquired from the City of Carlsbad approximately 17.7 undeveloped land acres here to construct a new mixed-use specialty center on Palomar Airport Rd. in Bressi Ranch. The property consists of lots 29 through 32 and sold for $26.5 million; Starck and Dennis Visser of C&W’s Carlsbad office represented both the buyer and the seller in the transaction.

The new specialty center is slated to consist of the development of 125 for-sale luxury condominiums, a specialty-food market, a drive-through drug store and other retail shops. The center will feature a Main St.-like entry leading to the shops and restaurants. It will be accented by patios, plazas, terraces and courtyards designed to serve s gathering places for Bressi Ranch residents and guests.