The Summit at Carlsbad

This project was originally sized at 40 acres and later, two 20-acre pieces were added. The 80 acres total was then annexed into the City of Carlsbad and rezoned from agricultural use to residential use. A total of 248 homes were built in six phases. After the first 91 lots were completed, the City adopted a moratorium on the issuance of building permits until infrastructure planning could be completed for approximately 30 districts within the City. Although The Summit was an infill project, it was caught in the moratorium.

The project sat idle for nearly a year while FDC worked with city planners to pay for additional traffic and sewer improvements for the project’s district. Fortunately, the market value of the homes appreciated slightly more than the added costs due to carrying costs and additional sewer and street improvements. During resales, the project has carried a fine reputation among Carlsbad-area realtors.