La Costa Town Square is a mixed-use development that is starting construction in SE Carlsbad. There will be 253,000 sf of retail, 50,000 sf of office space, a gas station, and 98 homes built by Davidson Communities and Taylor Morrison.
It also happens to be adjacent to La Costa Oaks, where this home is located.
This REO was foreclosed in October, 2012, so they got it to market fairly quickly following the trustee sale. The first NOD was filed in 2009, prior to this tragic event that occurred at the property: