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Construction is starting on Cota Vera, a master planned community in Otay Ranch by HomeFed Corp. based in Carlsbad. Rendering courtesy of HomeFed Corp.

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Construction Starts on $1.3B Otay Ranch Project

REAL ESTATE: Development to Have More Than 2,700 Homes

Construction is starting on a nearly $1.3 billion housing project by HomeFed Corp. of Carlsbad that covers 868 acres in Otay Ranch that will ultimately have more than 2,700 homes and more than 2,100 rental apartments.

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