Construction Commences at Beacons by CityMark

SAN DIEGO, April 4, 2011 /PRNewswire/ -- CityMark Development, a premier source of urban revitalization through innovative building and homebuyer support services, has commenced home construction at Beacons, a neighborhood of 10 detached residences located in Leucadia adjacent to the coast just west of Highway 101. The homes – unique in plan and design – will expand access to coastal living in a neighborhood designed to maintain the spirit of Leucadia.

"It's not often that you get the opportunity to build new homes in Leucadia, and we want to do it right," said Richard Gustafson, CityMark president. "There is a certain nostalgia tied to the eclectic neighborhoods and businesses that comprise this community. In light of that, we are building one-of-a-kind homes that fit the surroundings and give residents the urban experience of walking to Leucadia's beaches, shops and restaurants."

Located near the corner of Highway 101 and Daphne St., the residences at Beacons Leucadia will range from 1,930 to 3,150 square feet with three to four bedrooms. Designed to the highest standards, the homes include a variety of amenities. Homebuyers can select finishing options to suit their individual needs.

"Our beach communities are precious areas and require thoughtful revitalization that helps maintain property values, increases housing options and ensures that local businesses have a steady source of customers," said Gustafson. "We're happy to play a role in that process by providing well-designed infill construction that results in distinctive homes capturing the style of coastal California."

About CityMark Development

A key player in the revival of San Diego's urban neighborhoods, CityMark Development has established an award-winning portfolio of mixed-use residential and retail properties aimed at revitalizing urban areas of distinction. Since its inception in 2000, CityMark has earned a reputation for creating landmark residential buildings integrating high architectural design with modern functionality. The company's scope of properties includes 1,000 residences in projects ranging from lofts and row homes to condominiums and, most recently, single-family residences. As part of its full-service approach, the company offers a broad complement of real estate services through CityMark Realty, CityMark Property Management and CMD Urban Maintenance. For more information and to join the Beacons interest list visit www.beacons-leucadia.com.

SOURCE CityMark Development