Carmel Valley is one of the newer neighborhoods of the City of San Diego, California. The community was formed by the City of San Diego on February, 1, 1975. The construction later began in 1983.The name Carmel Valley comes from the Carmelite Sisters of Mercy, who established a dairy farm and monastery in the area circa 1905.Although the area was known locally as Carmel Valley, in 1974 the area was given the institutional name North City West in the master plan. The name Carmel Valley was readopted in the early 1990s.
Companies with offices in this neighborhood include US Bank, Scripps Health, Opera Solutions,Pillsbury Winthrop Shaw Pittman, Fish & Richardson, Morrison & Foerster, Sheppard, Mullin, Richter & Hampton and The Allen Group. Neurocrine Biosciences, ICW Group Insurance Companiesheadquarters is located in this neighborhood.