Rancho del Sol, a development of 96 new affordable housing units in Pacific Highlands Ranch, is expected to begin construction in January 2015.
The $24 million development’s grading can be seen from SR-56; it’s just east of Santa Fe Farms Road on Carmel Valley Road, just before Evergreen Nursery. Randy Slabbers of Chelsea Investment Corporation of Carlsbad gave an update on the project to the Carmel Valley Community Planning Board at its Nov. 20 meeting.
“We look forward to being a part of your community,” Slabbers told the board.
The six-acre lot that Chelsea Investments is developing was donated by Pardee Homes. The company has previously collaborated with Pardee on projects in The Crossings and Villa Andalucia.
Rancho del Sol will feature one-, two- and three-bedroom units in eight two-story multifamily buildings in the California bungalow architectural style, with Mediterranean accents. There will be a controlled electronic gate access to the development and 250 parking spaces, as well as a pool and recreation center for residents.
Slabbers said the two-bedroom units would rent for $800 to $1,300 a month based on income. Their affordable housing is for families with 50 to 60 percent of area median income, or about $30,000 a year.