Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CARLSBAD, CA—One of the reasons Carlsbad has been able to maintain open space is that its 25-year overall plan is designed to keep houses from being built on top of each other, Presidio Residential Capital‘s co-principal Don Faye tells GlobeSt.com. Presidio and Cornerstone Communities have broken ground on the Reserve, a 635-unit community on 156 acres—more than half of them designated as open space—that is being built on a former rock quarry in northeast Carlsbad. The retail value of the project, which will offer 293 single-family detached luxury townhomes and 342 luxury apartments when it opens in 2016, will exceed $200 million. We spoke exclusively with Faye about the project and why open space seems to be a key phrase when discussing Carlsbad development, as well as other trends he is noticing in the residential-development arena.


Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.