78.7 F
Laguna Hills
Friday, Jun 21, 2024
-Advertisement-

Sprawling Dana Point Estate Starts Work

A nearly 15-acre plot of land that’s long sat vacant in Dana Point is gearing up to become the site of a sprawling custom estate with a development cost reportedly topping $40 million.
Diamond Bar-based real estate investment firm Primior is behind the 16,000-square-foot Monarch Beach home that will include 14 bedrooms, a 2,000-square-foot guest house, 1,370-square-foot recreation building, a mile-long driveway and 13 acres of private hiking trails, among other amenities.
“I’ve always loved building custom homes, but I have never worked on anything quite like this,” said Primior Chief Executive Johnney Zhang, whose firm reports having some $400 million of assets under management. Its portfolio includes investments in healthcare, retail, industrial and mixed-use projects, as well as luxury residential developments.
The developer is marketing the home for a potential sale, although Zhang said he could ultimately use the home as the primary residence for his family.
This could lead to a headquarters shift for Primior, which has been based in Diamond Bar since 2013 shortly after Zhang immigrated to the states.
“We want to do a lot more work in Orange County, it’s just about finding the land.”

Entitlement Work 
Securing this land parcel was not a particularly easy feat, Zhang notes.
Grading work is finally underway at the site at 32354 Caribbean Drive after laying vacant for the past two decades despite several ownership changes, due to entitlement issues with the Coastal Commission.
Primior acquired the land in 2014 in a $4 million bankruptcy sale, and spent the next six years going through the entitlement process with the commission that included several lengthy environmental impact reports.
“We even hired a bird expert to monitor the site and make sure the construction wouldn’t disturb any nesting patterns,” Zhang said.
Still, Primior said there are no design restrictions on the home, which he describes as “like nothing you have ever seen in Orange County.”
There has been one restriction, however.
“I wasn’t able to get approvals for a helicopter pad,” Zhang said.
Vertical construction on the home will begin next year with delivery by 2023.

Symphony
Zhang hand-picked the design team for the estate, tapping famed OC architect Brion Jeannette for his unique curvilinear design.
“I didn’t want this house to look like all the other boxes in coastal Orange County,” Zhang said.
The estate is dubbed “Symphony.”
Zhang also contracted a well-known landscape architect, Australian-based Jamie Durie, as well as interior designer James Magni and general contractor Corbin Reeves.
He also hired a feng shui master to determine the positioning and layout of the home, which will back into a cliff side and open up toward the ocean.
“It will feel incredibly private while maintaining great views of the ocean,” Zhang said. 

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-