New Whispering Palms retail and office buildings announce commitments

Residents of Rancho Santa Fe will soon have a greater variety of convenient local services, as retail leasing activity has exceeded 50 percent at Palma de la Reina, a mixed-use complex located at the entrance to Whispering Palms off Via de la Valle.

The latest commitments from resident-serving businesses include a beauty shop, dry cleaner, fitness studio, and a store that offers products for female cancer patients. Discussions are proceeding with other popular retailers including a combined deli, coffee shop and bakery.

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.

“Palma de la Reina has been well received by the business community and is rapidly filling up,” said Richard Cavanaugh, president and CEO of Newport Pacific, Inc., owner and developer of the 4.3-acre parcel.

Located at 5525 Cancha de Golf, the 31,410-square-foot commercial complex will open this summer.

Also under development at Palma de la Reina is a residential component, which will offer the only upscale rental opportunity in Rancho Santa Fe. Construction is now underway on 54 two-bedroom, two-bath luxury suites, scheduled for completion by the end of the year.

The three-building Palma de la Reina mixed-use center was designed by Robert Colbourn of Colbourn Currier Noll Architecture, with Klang & Associates responsible for interior design. W. E. O’Neil Construction is the general contractor. For leasing information, contact Scott Danshaw or Steve Willmore of Lee & Associates at 858-713-0309.

Palma de la Reina is the final element in the Whispering Palms master plan, which was created by Newport Pacific in 1962.

“After working for years with Rancho Santa Fe residents and stakeholders, we created a plan to provide the best possible services and residential opportunities for the community,” said Cavanaugh.