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MULTIFAMILY NEWS
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Cornerstone Communities Acquires 44 Acres in Otay Mesa for All-Electric Res Development

3/30/23

Cornerstone Communities has purchased 44 acres of land in Otay Mesa, where it will build 450 all-electric townhomes for entry-level buyers called Candlelight. Land preparation will begin as early as September and the community is expected to be open for sale in the 3rd quarter of 2024.

“There is a pressing need for workforce housing in San Diego, so that’s what we’re building,” said Cornerstone CEO Ure Kretowicz. “The design, options and amenities reflect feedback from homeowners on our earlier projects and we think potential new buyers will be pleased with the real-world results.”

Four distinct neighborhoods with diverse architecture, amenities and home sizes are planned for the site: Maya with 122 homes; Sapphire with 106 homes; Indigo with 95 homes and Azure with 127 homes. All models feature two, three and four bedrooms and 2.5 to 3.5 bathrooms. Three of the four neighborhoods come with a private courtyard and upper deck or a balcony so that residents can enjoy the temperate California weather.

The three-story homes range from 1.3k sf to 1.9k sf with prices expected to be in the mid-$500,000s to the low-$600,000s, well below the median price of homes sold in San Diego, which now stands at around $750,000.

Candlelight will be an environmentally conscious community that supports a more sustainable lifestyle. All neighborhoods are equipped with high-speed fiber-optic cable and Cat-6 and RC6 cable outlets installed in the living room and all the bedrooms. The tree-lined paseo will be dotted with shaded outdoor workstations with seating where residents can connect with the free community Wi-Fi network. All homes feature solar power, electric heat pumps and air conditioning with programable thermostats and highly efficient, cost-saving appliances that run on electricity instead of natural gas.

“This is going to be a very interesting community with different building types and color solutions that have become popular with younger buyers in recent years,” said Jamie Starck of Starck Architecture and Planning, which designed three of the four neighborhoods at Candlelight. “The design is modern and tech-savvy with flexible living spaces and efficient energy that will keep down the monthly utility bills. It’s a very strong entry-level product that I think will be well received due to its price point.”

Candlelight amenities will include two pools with a spa and cabana, tot lots and a dog park. Meandering walkways will connect with existing hiking trails off-site. Cornerstone set aside more than 40 percent of the property for two environmentally sensitive open space preserves adjacent to the development.

Floor plans with upper decks feature an adjacent space for a work desk on the second floor; other options include space on the first floor for a home office with a closet and bathroom that has its own outside entrance for added privacy. The bottom floor also includes an oversized two-car garage prewired for an electric car charging station.






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