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Colliers Brokers Two San Diego Land Parcels for Multifamily Development

Colliers has announced the sale of a pair of sites totaling 10-acres in the Otay Mesa submarket of San Diego. The parcels will serve as the future home of Epoca’s G and I neighborhoods, consisting of 249 townhomes and motorcourt homes.

The Colliers team of Ciara Trujillo, David Santistevan and Erin McKinley represented San Diego-based developer ColRich in the transaction. Lennar was the buyer. Epoca’s next phase is positioned at the forefront of a region experiencing exponential growth and an influx of private and public investment.

The Epoca neighborhoods will offer a walkable village-living concept to provide community connection through plazas and walking trails, adjoining the homes to public parks, recreation facilities and schools.

 

By: Mark Nieto


Related Experts

Ciara Trujillo

Brokerage Senior Vice-President

San Diego

Ciara Trujillo specializes in the sale of land of both single-family and attached developments. With a focus in market research and financial analysis, Ciara also has experience in site  planning and underwriting  residential  developments. Ciara has a strong understanding of the relationship between land, development costs, construction costs, absorption, and  revenue. She has worked for multiple public homebuilders and understands the difficulties the homebuilders face while balancing their internal hurdles with acquiring land.

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David Santistevan

Senior Executive Vice-President

San Diego

David Santistevan specializes in the sale of land, focusing on property suitable for apartment and condominium development as well as single-family subdivisions.  His expertise includes the representation of financial institutions in the disposition of land.  David has also coordinated multiple asset sealed bid sales for the City of San Diego, San Diego Unified School District, Girls Scouts of America, financial institutions, the RTC, FDIC and major corporations.

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Erin McKinley

Research Associate

San Diego

Erin McKinley specializes in entitlements and researching the highest and best use of development sites. Ascertaining likely hurdles for development & entitlement as well as determining the untapped potential of the property. Erin has a long history in the home building community and deep roots in development industry. She has been a project manager for both public and private homebuilders and has been active in the political community. Erin cultivates short term and long term strategies for the profitability of property and has a strong understanding of the entitlement process.

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