News
Toll Brothers Purchases Coastal Luxury Master Planned Community
FOR IMMEDIATE RELEASE
Media Contact:
Jennifer Kearby, Marketing Associate
Land Advisors Organization
949.656.8026
jkearby@landadvisors.com
Toll Brothers Purchases Coastal Luxury Master Planned Community
Irvine, CA (January 15, 2018) – In the last days of 2017, Toll Brothers was working overtime to complete one of the largest residential land transactions in California: 169 improved lots in Taylor Morrison’s highly regarded “Pacifica San Juan” coastal master planned community in San Juan Capistrano.
Land Advisors Organization, a nationwide advisory firm focused on the acquisition and disposition of land and land-related assets, was retained by Taylor Morrison to provide advisory and brokerage services. This teamwork resulted in the implementation of a highly selective and confidential marketing effort that targeted a small group of builders for inclusion in the Pacifica San Juan community. Through this rigorous process, Toll Brothers was selected by Taylor Morrison to build alongside them in Pacifica San Juan because of their excellent reputation as a luxury homebuilder and their shared values and culture. Taylor Morrison will continue to build out their existing projects at Belle Haven, Blue Harbor, Crystal Downs North and The Cove (premiering in early 2018).
Toll Brothers purchased three neighborhoods in the gated community: The Peninsula, entitled for 23 finished estate lots with an average lot size of 18,316 square feet; Crystal Downs South entitled for 82 finished lots with an average lot size of 11,261 square feet; and The Pearl entitled for 59 single family detached partially graded lots with an average lot size of 4,200 square feet. Each of these neighborhoods will include lots with ocean views, but The Pearl will offer extraordinary and timeless views of the Pacific Ocean and Dana Point Harbor from nearly every lot. Terry Ruckle, Founding Principal at Land Advisors, explains, “The opportunity to purchase ready to build improved coastal lots in coastal Orange County is a rare event, virtually non-existent today.” Mike Hunter, Senior Vice President at Land Advisors, seconds Ruckle, as he emphasizes that “Receiving coastal approval in California is extremely difficult, and this will be one of the last approvals for years to come.”
Located in the heart of south coastal Orange County, Pacifica San Juan is just minutes away from the charming town of San Juan Capistrano and the fabled beaches of Dana Point and San Clemente. A wide array of activities in this amazing locale, including surfing, boating, hiking, as well as the many shops, restaurants and entertainment venues are located within close proximity, adding to the convenience of the community.
Ruckle concludes, “The selection of Toll Brothers by Taylor Morrison will insure the legacy of the rich architectural history of San Juan Capistrano will continue for generations to come at Pacifica San Juan.”
###
Land Advisors Organization is a nationwide advisory firm focused on the acquisition and disposition of land and land-related assets. With deep market expertise and a national network, Land Advisors helps clients identify and capitalize on valuable opportunities. The diversified LAO-CA platform includes Landmark Capital Advisors, disciplined in sourcing real estate debt and equity, and Market Insite specialized in consulting and research products for new homes and residential land.