Touchstone Communities Plans to Sell Townhome Development Site in Escondido, California
4.87 acre site is fully-entitled for a 113 unit townhome project
San Diego, CA – (July 15, 2016) Touchstone Communities (www.touchstonecommunities.com), a San Diego-based real estate investment and development firm, has listed for sale a fully-entitled 4.87 acre development site in Escondido, California. The property, known as “Del Prado”, was unanimously approved by the Escondido City Council in May 2016 for a 113 unit three-story townhome development with community amenities that include a pool and spa complex, barbeque area, and open picnic and play areas. Located along Centre City Parkway in southern Escondido, Del Prado is in close proximity to shopping centers, destination dining, and is within a very short commute to North San Diego County’s largest employment centers.
“With the opportunity for a homebuilder to sell homes below the current FHA loan limit, Del Prado offers some relief to the home ownership affordability crisis that San Diego is currently experiencing,” said Addison Garza, Executive Vice President of Touchstone.
Del Prado’s Spanish style townhomes feature two and three bedroom homes with balconies and attached two car garages. With 4 floor plans available, the homes range in size from 1,109 to 1,584 square feet.
About Touchstone Communities:
Touchstone Communities is a San Diego-based real estate investment and land development company. Touchstone takes pride in planning and building distinguished residential and mixed-use communities throughout California. Touchstone’s expertise includes acquiring, entitling, and developing master planned communities that include cutting edge home designs, retail shopping centers, office and professional buildings, apartment complexes, golf courses, recreational amenities, and regional infrastructure. Touchstone is committed to integrating sustainable living and health conscious principles into each of our communities that create more desirable places to live, work, and play. Build Smart, Live Healthy, Be Happy. www.touchstonecommunities.com