Village at Pacific Highlands Ranch apartment site in Carmel Valley sold for $17.5 million

The San Diego office of Colliers International announces the sale of an 8.5-acre parcel of land approved for 252 luxury apartments located within the Village at Pacific Highlands Ranch, a 170,000-square-foot mixed-use lifestyle center, on the southeast corner of Del Mar Heights Road and Carmel Valley Road, San Diego (92130) for $17,500,000.

Gunder Creager and David Santistevan of Colliers International represented the seller, PHR Village, LLC and the buyer, Carmel Village, LLP.

These luxury apartments are the centerpiece of the Village at Pacific Highlands Ranch, which is anchored by Trader Joe’s and will also include restaurants, fashion retailers, and other specialty amenities and services. The apartment community will feature a state-of-the-art Club House, gym, resort style pool, bocce ball court, community garden, and dog park.

“This is a one-of-a-kind location in the heart of Carmel Valley,” said Gunder Creager, Senior Vice President at Colliers International, “No other project can match this location for integrated retail services, quality schools, and access to major job markets. It will command top-of-the-market rents.” Visit www.colliers.com.

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