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California  + Orange County  + Apartments  | 

Church Land Serves Mission Viejo Well in Many Ways

Proceeds from a recent land sale will fund Saddleback Valley Community Church’s food bank and other causes in an effort to help the local community during the COVID-19 pandemic. The church recently sold 12.61 acres in Mission Viejo to Trumark Homes for $6.5 million. The site is located on the corner of El Toro Road and Marguerite Parkway, adjacent to an office building retained by the church.

Trumark Homes worked closely with the church to obtain land use entitlements from Mission Viejo to allow development of 91 residential homes. A geotechnical study confirmed the property is buildable and preliminary civil engineering was completed along with creation of the new Tentative Tract No. 19305 for condominiums. The tentative map proposes a residential pad of 6.36 acres for condominiums with the remaining area mostly reserved for open space.

Trumark Homes is expected to start grading in June 2021 and begin sales in first quarter 2023. Home sizes will range from 860 square feet to 1,950 square feet.

Stream’s Mike Adams represented Saddleback Valley Community Church while Trumark Homes was self-represented in the transaction.

“The current market fundamentals with low interest rates and strong housing sales has led to an increased demand for sites in Mission Viejo and we anticipate this to continue through 2021 as housing developers continue to take advantage of the hot housing market,” said Adams.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Acquisition
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