San Diego Business Journal

Residential Lots at Carlsbad Development Sold for $14.1M

Friday, December 14, 2012

Developer Davidson Communities has purchased 63 residential lots, on 24.39 acres in the La Costa Town Square development in Carlsbad, for approximately $14.1 million.

The seller was Property Development Centers LLC, a wholly owned subsidiary of Safeway Inc., according to a statement from Colliers International, which represented the seller.

The residential site, on Rancho Santa Fe Road east of La Costa Avenue, is part of La Costa Town Square, a planned 285,000-square-foot, upscale shopping center being developed by the Safeway division on 83 acres.

— SDBJ Staff Report