VISTA, Calif.--(BUSINESS WIRE)--Please replace the release dated October 25, 2023, with the following corrected version due to multiple revisions.
The updated release reads:
THE TRUE LIFE COMPANIES SELLS NORTHERN SAN DIEGO COUNTY RESIDENTIAL PROPERTY SITE TO TRI POINTE HOMES
The True Life Companies (TTLC) has announced the recent sale of Vista Melrose via assignment of its purchase and sale agreements to Tri Pointe Homes, one of the nation’s largest homebuilders. The 5.27-acre parcel is located in the City of Vista’s southern region along the Melrose Avenue corridor in northern San Diego County. Tri Pointe Homes has plans to build 34 single-family homes.
Ideally situated about ten miles inland from the Pacific Ocean and boasting a highly coveted, year-round Mediterranean climate, Vista Melrose will offer future homebuyers the opportunity to experience the quintessential Southern California lifestyle in a typically supply-constrained market. “Vista Melrose stands out as a premier opportunity for housing, thanks to its exceptionally desirable location, vast employment opportunities, and local attractions,” said Scott Menard, Executive Vice President at The True Life Companies. “Living here puts you just a few miles from the beach, yet also offers convenient access to Riverside County and Orange County via the nearby I-15, State Route 78 and Interstate 5.”
Close to Carlsbad, which is home to Legoland and miles of beautiful beaches, Vista is ranked as the seventh fastest-growing city in the region with just under 100,000 residents according to economic data from the city website*. Home to more than 800 companies, including major high-tech manufacturing and R&D and top organizations like North County Superior Court Complex, Medical Group North and public employers for Vista Unified School District. And only a ten minute drive from Carlsbad where major employers like Callaway Golf, TaylorMade Golf, Thermo Fisher and ViaSat call home. Vista has experienced a growth rate over the last decade that exceeds San Diego County as a whole.
“The Vista Melrose parcel is a prime example of TTLC’s commitment to fostering positive, impactful growth that will produce lasting impact on our communities,” said Scott Clark, Chairman and CEO for The True Life Companies. “Tri Pointe Homes is the ideal partner to develop much-needed housing for the City of Vista’s continually supply-constrained market. We’re all excited to watch this project unfold.”
The True Life Companies is composed of a team of seasoned residential real estate professionals who work together with property owners, municipalities, and local stakeholders to address the need for critically-needed attainable housing solutions in our metro regions. TTLC seeks to establish suburban and urban attainable housing options that are the result of insightful research, innovative planning, and creative collaboration. The Company’s strategic addition of its homebuilding division, Homes Built for America (HBFA), provides a seamless pathway to bring select properties in well-planned, thoughtfully designed communities to fruition.
The True Life Companies is headquartered in Denver, Colorado, with division offices in San Ramon and Sacramento, Northern California; Newport Beach, Southern California; Austin, Texas; Bethesda, Maryland (covering the Mid-Atlantic states); and with recently opened new offices in Salt Lake City, Utah; Raleigh, North Carolina; and most recently in Seattle, Washington.
For more information regarding TTLC's property portfolio, including their infill properties, visit www.TheTrueLifeCompanies.com or visit www.facebook.com/thetruelifecompanies.
* https://www.cityofvista.com/business/economic-development/economic-data-maps-reports
No Offer or Solicitation
This press release should not be construed as an offer to sell or a solicitation of an offer to buy securities. We are not soliciting any specific action based on this material.
