Shea Homes Buys Vista Site for $7.6 MillionMonday, January 6, 2014
Shea Homes Limited Partnership of San Diego has purchased an approved 73-lot site in Vista for approximately $7.6 million, according to brokerage services provider Colliers International.
Colliers represented the buyer and the seller, Hallmark Communities Inc. of Solana Beach. The 8.5-acre site is on the east side of East Vista Way, south of Warmland Avenue.
Colliers representatives said the Shea project is planned as a gated community, with lot sizes averaging 3,200 square feet and home sizes ranging from 1,754 to 2,012 square feet.
According to CoStar Group, the acquired site is comprised of two adjoining land parcels, of 3.57 acres and 4.98 acres.
Shea Homes is a division of Walnut-based developer J.F. Shea Co. Inc.