Recently, Coast Income Properties sold the 8.5-acre residential housing parcel in the Pacific Highlands Ranch Village for $17.5 million. The residential housing portion of the site will include 331 total units, 252 to be priced at market rate and 79 of them to be affordable housing.
Tara Lake of Latitude 33, presented the changes to the housing element at the Oct. 23 Carmel Valley Community Planning Board meeting, as the company is seeking a substantial conformance review from the city for the minor modifications to the plan.
Lake said refinements include reducing 88 percent of the residential building heights to four stories. To do so, they reduced the number of bedrooms in the development — 50 percent are now one-bedroom units and only 4 percent have three bedrooms.
They have also created an amenity space for residents by carving out seven outdoor courtyards and adding a pool and spa. The pool will feature cabanas with glass walls looking out onto the village green.
The planning board approved the changes and members said they liked that there are more “people spaces.”
Pacific Highlands Ranch resident Karen Dubey said she was very happy with the changes.
“I like this so much better,” said Dubey, requesting that they incorporate some of her favorite features of the rising Village, such as the Spanish tiles on the top of the building.
Construction is set to begin in late 2015, with occupancy in spring 2017.
Confirmed tenants for the retail portion of the Village so far include Trader Joe’s, Rite Aid, Panera Bread and The Baked Bear, a custom ice cream-sandwich shop.