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8/19/16
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A 53-acre land parcel in Scripps Ranch was acquired in an $18.5 mil transaction by Continuing Life Communities, a Carlsbad-based retirement community management company. Continuing Life plans to use the land for the development of The Glen at Scripps Ranch, a continuing care retirement community.
The Glen at Scripps Ranchis slated to contain 450 assisted living units comprised of apartment and single-family residences with attached garages, as well as 60 skilled nursing beds. The campus will include a fitness center and spa, tennis courts, short-game golf course, walking and cycling trails, and movie theatre among other amenities.
The project is located at 10495 and 10410 Pomerado Rd, just east of I-15 and north of Hwy 52. Continuing Life Communities plans to break ground this month.
David Santistevan and Gunder Creager of Colliers International represented the buyer, The Glen at Scripps Ranch LLC, an affiliated entity of Continuing Life Communities. They also repped the seller, Alliant Educational Foundation.
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