Hemingway Drive, Carlsbad, CA 92008

The Property was carved out to be independent of adjacent property and HOA, and held to capitalize on the scarcity of its unique coastal setting. The zoning, EIR, engineering and other macro entitlements were addressed with adjacent project’s approvals. Major infrastructure and utilities were paid for and constructed to site’s boundary in reliance on macro entitlements this site. Coastal permit authority has transferred to City of Carlsbad, and is no longer appealable by Coastal. City’s Habitat Management Plan ("HMP") is used to implement the Coastal Plan and other habitat/environmental issues. City’s HMP coordinator recently used monthly meetings with resource agencies (including CFG & Coastal) to review project’s HMP; where all agencies agreed that the current site-plan meets their requirements. This unique development site in the City of Carlsbad is available for sale. The Property is perfect for luxury multi-family and/or senior living community. A viable building envelope over 100,000 square feet has been established, which addresses City’s requirements for engineering, geology, parking, setbacks, hillside ordinance and architectural guidelines. Extensive geological testing has been performed numerous times, and geological structure documented. Geological calculations continue to be run during each design iteration.