Thank you for you continued interest in Ocean Place Seal Beach.
What's Happing This Month, January 2017?
During my call today with the Project Manager, he explained that while the Coastal Commission has approved the grading permit, he is in a holding pattern as the they review final documents he provided them months ago. While he feels as though he could get the green light to start grading, the reality is that the logistics to put that in motion could take months. There seems to be a large departure from the original time frame that we had discussed over the course of 2016.
Lots and/or finished homes
Since the last update, I have completed my own analysis of the lot values which I will make available upon request. The Project Management team is conducting their own proforma and feels as though the finished price per sq/ft needs to be closer to $900.
Presently the team is leaning towards offering individual lots for sale. Several home builders have expressed interest in purchasing and developing the project, but a package deal may not bring the best margin for the current owners.
- Fall 2017 - Pull grading permit**
- October '17/December '17- Grading can begin for park and development**
- 2018 - Finished lots may be available for purchase in very small phases of 1-2 at a time**
**Estimates contained in this timeline are contingent upon, amongst other things, how quickly the Coastal Commission responds. We have another update call scheduled for mid-next month at which time we'll provide you with the most current information we have.
If you have not added your name & number to the interest list for Ocean Place Seal Beach, you may do so know by clicking here - INTEREST LIST.