Marblehead Coastal

| San Clemente, California

Restoring The Luster Of A Seaside Gem.

In 2013, Lehman Brothers Holdings hired Pacific Ventures as the master developer to resolve all outstanding entitlement, development and financial obligations and manage the development and build-out of this former SunCal project. Rather than embark on our usual path of visioning, entitling and assuming the role of master developer, we pivoted — recommending a streamlined strategy and process to the property owner. We limited our role to resolving all of the outstanding entitlement, development and financial obligations that existed on the partially constructed site. Then we facilitated the sale of the property to a major public homebuilder.

Given this compressed timeframe, we adapted. Rather than embark on our usual path of visioning, entitling and assuming the role of master developer, we pivoted — recommending a streamlined strategy and process to the property owner. We limited our role to resolving all of the outstanding entitlement, development and financial obligations that existed on the partially constructed site. Then we facilitated the sale of the property to a major public homebuilder.

In this way, we not only exceeded the owner’s goals, but we ensured that the future of this great seaside property would be placed in very capable hands.

  • One of the Last Undeveloped Coastal Properties in Southern California
  • 196 Acres
  • Fully Entitled Master Plan
  • 308 Residences
  • 110 Acres of Parks and Trails
  • Hotel with Conference Facilities
  • Retail with Multiplex Cinema, Fine and Casual Dining, Neighborhood Services
“We were able to work with Lehman Brothers to advance the project through California’s notoriously difficult permit, entitlement and development process prior to sale, which significantly enhanced the value for buyer and seller.”
Jason Perrin, President, Pacific Ventures