A pair of big housing and commercial projects are getting under way along a two-mile stretch of land running just along the east side of the San Diego (I-5) Freeway in San Juan Capistrano.
Lake Forest-based Advanced Real Estate Services Inc. has one of the biggest projects the city’s seen in years on tap.
On a roughly 150-acre plot of undeveloped land in the hills overlooking the freeway, the company’s planning 245 homes, boutiques, offices and a horse park.
Tentative plans call for a mid-2009 groundbreaking, after a final environmental study is done.
The development covers two areas.
Next to the San Juan Hills Golf Club, a roughly 16-acre area development to be known as the Distrito La Novia calls for 140 condominiums and apartments, 68,200 square feet of shops and 27,500 square feet of offices.
Farther up the hills, a 135-acre plot of land to be known as the Meadows will hold about 105 detached homes.
Also on tap for the sprawling Meadows site: an equestrian center with room for 950 horses. It would be the first big horse facility built in San Juan Capistrano in years.
See the May 19 edition of the Business Journal for more on this story.
