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June 28, 2022
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Zephyr Pays $50 Mil for High-End Dana Point Development Land


San Diego-based Zephyr has acquired a nine-acre parcel in Dana Point, with plans to develop a mixed-use community on the property. Previously the site of a mobile home park, the fully entitled parcel at 34202 Del Obispo St, just north of Pacific Coast Hwy, was acquired from AG/A&M Doheny LLC.

According to Zephyr Co-CEO Brad Termini, the project will include 168 high-end townhomes and seven mixed-use structures situated in one of the most coveted areas of Orange County, adjacent to Doheny State Beach and Dana Point Harbor. The site is walkable to the beach and harbor, with golf, shopping and dining options minutes away.

“The development of the community – the first product of its kind to be built in the region in more than 10 years – will accelerate a revitalization that is already well underway in Dana Point,” he said. “With the revamp of Dana Point Harbor, downtown and other major renovations in the area, we knew this was an ideal location for our project and are confident it will bring new energy and economic opportunities to the region.”

Construction on the community – slated for completion in 2019 – will begin in 2016.

The homes, situated in three distinct neighborhoods, will range from 724 sf to 1.9k sf in size. Many will feature rooftop decks and ocean views, in addition to large, private balconies, patios and an “Idea Space” on the ground level that can be used for a selection of recreational uses.

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