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December 27th, 2011
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What’s Happening?

What's Developing

Black Mountain Ranch lies entirely within the boundaries of the City of San Diego and consists of 4,677 acres of land located south of Santa Fe Valley and adjoining the communities of Fairbanks Ranch and Rancho Peñasquitos. Southern portions of the property are characterized by gently rolling hills, which ascend from the edge of Rancho Santa Fe and Fairbanks Ranch to the base of Black Mountain, a local landmark. This distinctive setting presents views of Del Mar and the Pacific Ocean.  Northern portions of the property consist of a relatively flat mesa, promontories of which overlook a broad central plain known as La Jolla Valley.

 

with BLACK MOUNTAIN RANCH
PRESIDENT & CEO WILLIAM OSTREM

 

 

What is the timeline for completing the Black Mountain Ranch Project?
Current schedule reflects a complete build-out in 2018, subject to market conditions

How will construction and development affect neighboring communities?
Development will enhance the surrounding communities with additional employment, shopping, schools and parks.

What has been the biggest obstacle in leading this project to its final phase?
The market has had the largest impact of the build-out of Del Sur, but as buyer confidence increases, the timeline for the elements of Del Sur will develop sooner.

What has been the most rewarding thing about leading this project?
The most rewarding is that residents have taken ownership of the community along with a great deal of pride.

How many developers are part of the project?  Whom specifically?
Numerous guest builders have joined with Black Mountain Ranch LLC to execute the visions that is known as Del Sur.  Some of those builder are Standard Pacific Homes, Shea Homes, California West Communities, Lyon Homes, and Davidson Communities.

Are there any “rumors” about the project you wish to clear or elaborate on?
None that we are aware of.  Only thing that is not clear is what Del Sur will ultimately be at the final build-out.

What is the range of lot sizes among home developers?
2,500 to 40,000 sf lots.

Please elaborate on the following items that are being advertised to be implemented in the Project:
Schools: BMR is committed to quality  education through its work with Poway Unified, each schools staffs, the foundation and PTAs.
Shopping Center: approved for 225,000 sf of Retail Space.
Business Park: 500,000 sf of Employment/Office space

If you could have one wish for the project, what would it be?
That the residences continue embracing Del Sur as their own.

THE Story OF DEL SUR

Over 20 years in the making, Del Sur has grown to be one of the most environmental communities and most amazing places to live in San Diego.  Del Sur is the final phase of Black Mountain Ranch (BMR).
In 1988, Black Mountain Ranch was purchased by St. Paul Travelers, one of the nation’s largest insurance companies.  In 2003, two new partners were added: Standard Pacific Homes, one of the largest homebuilding companies in the country and IHP Capital Partners, an investment firm that provides equity financing for residential developments.

From the very beginning, Black Mountain Ranch (BMR) has been committed to creating a sustainable community.  From the mid 1990s on, Black Mountain Ranch representatives met with civic groups and government agencies to lay the foundations of the new community.  BMR representatives also met with the Sierra Club, the first time the company took an active and collaborative role in a residential development.  Eco-friendly materials, building plans and significant conservation efforts proved to be successful strategies, both environmentally and economically.

Black Mountain Ranch has been honored to create Del Sur, a new type of community that will hopefully inspire other sustainable communities across the country.

The community of Black Mountain Ranch is located in an area of the City previously referred to as the North City Future Urbanizing Area.  Black Mountain Ranch encompasses 5,100 acres and is located west of 4-S Ranch and Rancho Peñasquitos, south of the Santa Fe Valley, east of Fairbanks Ranch and Rancho Santa Fe Farms, and north of Torrey Highlands.  Camino Ruiz and Camino del Norte provide the primary access for the community.

Black Mountain Ranch is a relatively new community that is currently being developed.  It was approved for development in two stages. The first stage was the 3,690-acre development known as Santaluz, which was approved for development at a low residential density of one dwelling unit per four acres of land.

The second stage is the remaining 1,410 acres of Black Mountain Ranch that is subject to the policies of the Black Mountain Ranch Subarea Plan.  The Subarea Plan was approved by the City Council and the voters of the City of San Diego in 1998.  As part of the approval, the number of residential units for the entire Black Mountain Ranch (including the Santaluz development) was limited to no more 5,400 dwelling units.

The Black Mountain Ranch Subarea Plan designates approximately 29 percent of the community for residential development, 67 percent for parks, and open space, 2 percent for schools, and 2 percent for commercial and employment uses.

Article and Information Courtesy of Black Mountain Ranch LLC

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92127 Magazine Staff
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