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DANA POINT, CA—Capital Pacific Holdings Inc. plans to break ground soon on a 48-unit condominium project in this Orange County coastal community after gaining the City Council’s approval earlier this week.

Capital Pacific had originally hoped to build 91 units on its ocean-view parcel, but elected officials rejected those plans in May. In addition to cutting its number of units by nearly half, Capital Pacific agreed to lower the project’s height to avoid blocking the views of adjacent property owners and to provide up to $100,000 for storm-drain filters and a water-quality study.

Called Hillside Village South, the project is bordered by Pacific Coast Highway, Monarch Bay Plaza, The Links golf course and the Salt Creek drainage area. The first units could be ready for occupancy by next summer, a Capital Pacific spokesman says.

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