Centrally located within the northern portion of the City of Lake Forest, the Nakase Property is a master planned development bordered by Bake Parkway on the northwest, Rancho Parkway on the northeast, Serrano Creek on the southeast, and by commercial, industrial and office uses to the southwest.
The Nakase Property master-planned community spans 122 acres and proposes to include development of residential uses, an elementary school site, and over 25 acres of parks, open space, and habitat restoration area.
The development encompasses up to 675 single-family homes arranged in two- and three-story configurations contained in five distinct neighborhoods, up to 101 rental senior affordable units with two three-story elevator-accessed buildings with surface parking and amenities, a public elementary school site, which accommodates up to 1,000 students from Kindergarten through sixth grade and located on the northwestern portion of the proposed project site at the corner of Bake Parkway and Rancho Parkway, approximately 12 acres of parks including amenities such as dog parks, soccer fields, basketball courts, pickleball, volleyball, tot lots, etc, and 10.4 acres of open space habitat and restoration area bordering the Serrano Creek, as well as trails connecting the neighborhood to the Serrano Creek regional trails system.
Access to the proposed project site would be provided at three proposed locations: two entries at Bake Parkway and one entry at Rancho Parkway. The two entries at Bake Parkway would line up with existing roads (Rancho Parkway South and Orchard Street).
Toll Brothers, an award-winning FORTUNE 500 company founded in 1967, is the nation's leading builder of luxury homes. Embracing an unwavering commitment to quality and customer service, Toll Brothers currently builds in 22 states nationwide, and is a publicly owned company with its common stock listed on the New York Stock Exchange (NYSE: TOL). For five years in a row, Toll Brothers has been ranked the #1 Home Builder Worldwide on the FORTUNE Magazine "World's Most Admired Companies®" list. Toll Brothers also has been honored as national Builder of the Year by BUILDER magazine, and was twice named national Builder of the Year by Professional Builder magazine. Toll Brothers has been building communities in Southern California for over 25 years in cities such as Irvine, Lake Forest, Yorba Linda, Porter Ranch, San Juan Capistrano, Oceanside, and more.
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