Plans to finish construction on Palma de la Reina, a mixed-use retail and residential project along Via de la Valle, are set for May.
The Rancho Santa Fe Review reports:
"The 31,410-square-foot complex’s first tenants are expected to open this summer, a 'big upgrade' from the long-vacant empty lot with community-serving retail, according to Richard Cavanaugh, president and CEO of Newport Pacific, who developed the Whispering Palms community in the 1960s...
Office leasing at Palma de la Reina also continues with a signed commitment from a local dental practice, as well as interest from other users in the medical and professional services fields.
Cavanaugh said they are most excited to be close to a deal with a deli/coffee shop.
The retail element is about 50 percent leased at this time and Cavanaugh said tenants are anxious to get in and open their doors."
Read the full Review article here.