Investor Relations
California Coastal Communities, Inc. is a residential land development and homebuilding company with properties owned or controlled primarily in Orange County, California and also in Lancaster in Los Angeles County. Our principal activities include:
obtaining zoning and other entitlements for land we own or for third parties under consulting agreements;
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 1,300-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 2,860 square feet and ranging in size from 1,710 square feet to 4,339 square feet, and 63 of the 356 homes will have unobstructed ocean and/or wetlands views. 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 2,300 homes to families throughout Southern California since its formation in 1994.
Recent Releases:
Jun 21, 2010
California Coastal Communities Obtains Court Approval of $184 Million Exit Financing
Jun 16, 2010
California Coastal Communities Obtains $182 Million Financing Commitment to Facilitate Exit from Bankruptcy
more »
Events
May 20, 2008
JMP Securities Research Conference
more »
