City Ventures LLC of Newport Beach has purchased two contiguous lots totaling 7.73 acres in Encinitas for approximately $6.2 million. The developer has proposed a project with 28 residential lots, including two affordable housing units, according to a statement from brokerage firm Colliers International.
Colliers represented the buyer and the seller, Faith Community Church. The lots are at 680 Normandy Drive and 110 Urania Drive.
Each lot is 10,000 square feet, with plans for homes ranging from 3,200 to 5,400 square feet.
— SDBJ Staff Report