Past Projects - Brief History
Palm Canyon Estates - Vista, California
8 single family lots.
A dilapidated and neglected nursery site, Lighthouse transformed a neighborhood hazard and eyesore into a highly acclaimed community while preserving the original property owner’s estate. Investor partner cash on cash returns exceeded 100%.
Vineyard Collection - Vista, California
17 single family lots.
Initially structured as a real estate investment with the goal to sell the entitled lots to a merchant builder, Lighthouse foresaw the opportunity to build homes on these lots, and achieved investor partner returns exceeding 180% cash on cash.
Beacon Court - Vista, California
14 single family lots.
A stand-alone infill site, Lighthouse entitled, developed, constructed, and sold homes as secondary companion project with the Vineyard Collection, thereby enjoying the economy of scale between the two projects and achieving cash on cash returns in excess of 180%.
Taylor Estates - Oceanside, California
Acquired as raw land with extreme environmental constraints, Lighthouse successfully entitled 28 lots through the myriad of required permit processes. Lighthouse demonstrated acute foresight and departed from its original intent to develop this property, and sold it to a national homebuilder at the peak of the recent homebuilding cycle, realizing returns in excess of 120% IRR for investor partners.
La Costa Condos - Carlsbad, California
Successfully survived a lawsuit and two tentative map extensions to procure full entitlements for a 58-unit luxury condominium project on an ocean-view site. This work is being performed as a fee consultant for the property owners. Lighthouse will manage construction at such time as the project is funded.
Robertson Ranch - Carlsbad, California
Set on 403 acres and featuring 1123 residential units with 135,000 square feet of commercial retail space, Robertson Ranch is the largest remaining master planned community in Carlsbad. Through direct and active management role on behalf of the Robertson Family Trusts, Ken Cablay was instrumental in this large infill site’s design, approval and entitlement. Multiple governmental agency approvals created a complex entitlement process challenging Ken and the consultant team to dovetail divergent goals and achieve master plan entitlement and approval in four years.
Holly Springs - Carlsbad, California
Situated on 107 acres in Carlsbad, Holly Springs LTD. retained Ken Cablay to advise and guide the family partnership in the current turbulent real estate cycle. A unique residential project of 42 one-half acre lots and an accompanying 80 unit multi-family site in the desirable coastal community of Carlsbad, Holly Springs LTD. chose Ken to enhance asset value and position the project for maximum value once the residential market returns.
Fritz/Hung - Encinitas, California
Entitled an assemblage of 29 acres from two property owners, for 49 one-half acre residential lots in coastal Encinitas. Overcame tremendous activist-led opposition and a planned appeal to secure all entitlements. This property was developed and marketed as Maravu Neighborhood featuring exquisite seacoast architecture, and supporting ultimate home values approaching $2 million.
Thompson / Tabata / Poinsettia Properties - Carlsbad, California
Assembled over 40 contiguous acres of ocean-view infill property from seven separate property owners, and entitled a community of 239 single family lots and 24 townhomes, ultimately developed as The Bay Collection in south Carlsbad.