Chatter about Planning Area 2 is beginning to pick up and we are hearing additional details about development plans there. We previously introduced you to Planning Area 2 here, and more recently updated you on PA2 here. Below is a further status update on Planning Area 2:
Planning Are 2 will be known as the Village of Esencia in Rancho Mission Viejo. Esencia is located on 860 acres of hillside land and when complete, will consist of “a series of neighborhood terraces, trails around a native oak canyon, and a number of shared community recreational amenities. Upon build out, Esencia is planned to contain approximately 2,700 residential units, an apartment community, 525,000 square feet of retail stores, a K-8 school, a daycare facility, and parks, trails and community recreation space.”
Apparently, Rancho Mission Viejo will be building Esencia in at least two phases, The first phase includes 464 acres, and will consist of approximately 870 residential units. Phase one will also include the previously rumored, now confirmed affordable housing site and the unnamed Capistrano Unified K-8 school.
Grading is underway, and lots are expected to be delivered to the homebuilders by the end of this year. In addition, the segment of Cow Camp Road, including a bridge over an environmentally sensitive watershed, is scheduled to be complete by early 2015.
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