Mixed-Use Project Advances Town Center

(Read more on the multifamily market.)

DANA POINT, CA-DBN Development of Laguna Hills has acquired a property for a mixed-use retail and residential project that will be one of the first developments at the recently approved Dana Point Town Center. The Laguna Hills-based company’s new project will be developed at the site of an existing motel at Pacific Coast Highway and Ruby Lantern.

The DBN project, at the north end of the Dana Point Town Center, will feature 22 residences and more than 12,000 sf of retail space, plus a third-floor patio, restaurant and bar space. The DBN development and other projects envisioned by local officials are being designed to create a downtown area that will ultimately feature an array of retail, restaurant and residential options along a pedestrian oriented one-mile stretch of the coastal South Orange County city.