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It's All About Land and Location

COSTA MESA, CA-In an UPDATE to an earlier story, Rick Fletcher of MBK Homes tells GlobeSt.com that available, entitled land is at a premium, dictating what and where projects are built.

By Carrie Rossenfeld | Updated on July 17, 2013

COSTA MESA, CA-“I believe that we’re in a land-grab market right now; builders, whether public or mid-size regionals or family shops, are all looking to buy land and they’re all looking to buy entitled land.” So says Rick Fletcher, VP of sales and marketing at MBK Homes, which, as GlobeSt.com reported earlier today, just broke ground on Sea House, an innovative home-design concept here involving three-story detached homes.

Sea House was a concept that MBK had purchased, with the architecture already designed. “The land seller, I believe, was very successful in designing a high-density, detached product that would fit into the existing aesthetic of west-side Costa Mesa,” Fletcher tells GlobeSt.com. “That particular part of Costa Mesa has a lot of industrial and industrial offices as well as some small businesses. Sea House has the contemporary look [that fits that aesthetic].”

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