Investor Relations
California Coastal Communities, Inc. is a residential land development and homebuilding company with properties owned or controlled in five Southern California counties (Los Angeles, Orange, Riverside, San Bernardino, and Ventura). Our principal activities include:
obtaining zoning and other entitlements for land we own or control through purchase options or joint ventures;
improving the land for residential development; and
designing, constructing and selling single-family homes in Southern California. The majority of our homes are designed to appeal to move-up homebuyers and are generally offered for sale in advance of their construction.
Our largest asset is the "Brightwater" project in Huntington Beach. This project required our entitlement expertise to navigate the difficult regulatory environment in California in order to obtain the necessary development permits.
The Brightwater project is one of the last large undeveloped coastal properties in Southern California, and is located in Orange County, approximately 35 miles south of downtown Los Angeles. Brightwater overlooks 120 acres of publicly-owned open space on the Bolsa Chica Mesa, the Pacific Ocean and the 1,200-acre Bolsa Chica wetlands. We obtained a coastal development permit for Brightwater from the California Coastal Commission in December 2005. This 356-home community offers a broad mix of single-family homes averaging 2,850 square feet and ranging in size from 1,710 square feet to 4,090 square feet. We completed grading Brightwater during October 2006, began building model homes in December 2006 and began selling homes during the Summer of 2007.
Our homebuilding subsidiary, Hearthside Homes, Inc. (www.hearthside-homes.com) has delivered over 2,100 homes to families throughout Southern California since its formation in 1994.
Recent Releases:
May 14, 2009
California Coastal Communities, Inc. Reports Profitable First Quarter
Mar 31, 2009
CALC Subsidiaries Complete Transaction to Eliminate $28.7 Million of Project Debt
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Events
May 20, 2008
JMP Securities Research Conference
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