Presidio Residential, Coastal Neighborhood Builders and Williams Properties to Construct Multifamily Communities on California Coast

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Presidio Residential, Coastal Community Builders and Williams Homes to Build Multifamily Communities on California Coast

SAN LUIS OBISPO, CA – Presidio Residential Capital has announced its plan for a collection of 296 townhouses, condominiums and efficiency condominiums at The Orchard, an apartment building in the highly anticipated mixed-use San Luis Ranch development in southwest San Luis Obispo.

The orchard will consist of three projects of different designs and price ranges built by Presidio's joint venture partners Coastal Community Builders (CCB) and Williams Homes. CCB will build Harvest Vista, consisting of 96 condominiums, and Williams Homes will present Fig, a collection of 80 townhouses. A third neighborhood called Harvest Lofts with 120 efficiency condominiums is also planned for future development.

Site improvements are currently being carried out on the 11 hectare property. Model making is expected to begin in spring 2021. The total value of these three parishes at 1035 Madonna Road is estimated at $ 150 million.

"These well-designed communities are great for young families, first-time buyers, and even retirees looking to downsize," said Don Faye, co-director of Presidio. "The districts offer low-maintenance living in the center of an exciting" farm-to-table "community concept."

CCB's Harvest Vista Community offers two to three bedroom plans ranging from 950 to 1,140 square feet. These modern condos will be outfitted with laminate flooring, quartz countertops and highly efficient appliances, with each unit having a spacious private outdoor deck or balcony. Prices start at a high $ 400,000.

In Fig, the Williams Homes-inspired farm townhouses will feature two- to three-story, three-bedroom open concept designs ranging from 1,346 to 1,501 square feet. Floor plans offer GE equipment packages, laminate floors, quartz countertops, private decks and patios, and two-car garages. Prices start at the high $ 500,000.

The third community called Harvest Lofts is great for young professionals, couples, and anyone looking for a cheaper option. In the future, both studio and one-bedroom apartments ranging in size from 380 to 580 square feet will be available. Prices are expected to start around the mid-US $ 300,000 mark.

Residents in all three parishes will have access to the Harvest Club, a well-appointed meeting area within The Orchard that will include a 1,800 square foot multi-purpose center with a common room and pool.

"CCB and Williams Homes have designed an attractive collection of apartment buildings that offer a real sense of community with modern living at its core," said Paul Lucatuorto, co-director, Presidio. "Their progressive and practical home designs offer living spaces for today's busy lifestyle without sacrificing aesthetics, comfort or connection to nature."

San Luis Ranch is the first farm-to-table community on California's Central Coast to preserve agricultural land and build alongside an organic farm. Multimodal pathways are easily accessible and encourage residents to walk or cycle to work, shopping malls, amenities and relaxing open spaces. The master plan includes more than 50 hectares of arable land and dedicated open spaces, thereby preserving the region's ecosystem.

The 131 acre planned master community includes 150,000 square feet of retail space; 100,000 square meters of office space; a four-story hotel with 200 rooms; and a total of 580 residential buildings. The development is within 10 minutes of Cal Polytechnic State University (SLO) as well as downtown San Luis Obispo. Entertainment, shopping, and parks are close by, and the San Luis Obispo County Regional Airport is just a short drive away.

The area is served by the San Luis Coast Unified School District, and students can join C.L. Smith Elementary, Laguna Middle School, and San Luis Obispo High School.

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