I live in Carlsbad and I reviewed a good percentage of the appraisals that were used to finance the original sales transactions in Bressi.
The northern boundary for Bressi is Palomar Airport Road and the western boundary is El Camino Real. Palomar McClellan Airport is located on the n/west corner of the intersection of the two streets and Bressi is at the s/east corner.
Bressi is a planned community that features about 300,000 SqFt of office and industrial properties fronting the two main roads, with the residential areas on the interior. It includes some multifamily homes oriented between the housing tracts on the interior and the office uses along El Camino Real. The residential portion of the project was built out first and is all sold out with the exception of about 15 lots over in the Barratt portion of the project. For some reason Barratt is having a hard time unloading $2mil tract homes in a neighborhood surrounded by $1mil and under tract homes. Go figure.
The reason the developers built the residential portion first is because they were tacking on $150k view amenity premiums for the homes that back to the western boundary of the housing portion and which look out to the west. The reason there was a view amenity was because the office/industrial zoned areas weren’t built out. The developers didn’t even start grading until the houses were all sold off. Now that the developers are erecting 30 foot tall concrete tilt-up industrials along El Camino Real they’re wiping out those view amenities. No more peek views of the ocean at Bressi.
The landing pattern at Palomar basically follows Palmoar Airport Road and that airport is among the busiest in the region. Air traffic includes small and medium sized jets and they’re expanding the terminals so they can support more traffic.
Incidentally, they’re having a tough time selling off the office and industrial condos in that area. I probably don’t have to tell you what will happen when you get a bunch of commercial properties sitting vacant for a year or two at a major traffic intersection.
If it were my decision I’d look elsewhere and I wouldn’t be all that concerned about clubhouses and pools. Maybe 10% of the residents of these types of projects ever use those facilities and they just add to your HOA dues. The developers like to paint pictures of close knit neighborhoods like Mayberry, but the reality is that most people meet one time to introduce themselves and then limit their interaction to waving at each other as they pull in and out of their driveways.