By Andrew Khouri | Los Angeles Times
Arizona homebuilder Taylor Morrison Home Corp. has agreed to purchase a swath of coastal Orange County land, kick starting a long-stalled development that fell victim to the recession.
The builder, in a deal announced late Tuesday, said it would buy nearly 200 acres in San Clemente and start construction next year.
The 308-home Marblehead development has been in the works for decades. It faced stiff opposition from environmental groups, which sought to save one of the last open spaces along the Southern California coast.
