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RANCHO PALOS VERDES, CA-Lowe Enterprises has started construction on its $450-million, 102-acre Terranea resort. The 582-room project overlooks the Pacific Ocean on a site that formerly was the home of the Marineland attraction, which closed 20 years ago. Groundbreaking for the Mediterranean-style resort culminates eight years of work in securing entitlements, design and planning for the project, which is scheduled to open in the spring of 2009.

In addition to its 582 rooms, the Terranea will feature a 25,000-sf spa and fitness facility, three swimming pools, restaurants and function spaces, with ocean views from 90% of the rooms. The development will include a resort hotel, along with 20 two-bedroom bungalows, 50 three-bedroom casitas and 32 two- and three-bedroom villas. The bungalows, casitas and villas are all being offered for sale.

The Terranea is being developed by Lowe affiliate company Lowe Destination Development and will be managed by another affiliate, Destination Hotels & Resorts. The development also incorporates environmentally sensitive programs such as the creation of 14 acres of habitat, a landscaping program using non-invasive native plants and a sophisticated water management plan featuring vegetated open channels known as bioswales to clean water run-off before it flows into the ocean.

The resort will include an executive, nine-hole golf course and training facility, boutique retail, a business center and full-service concierge. Its function spaces will include 123,000 sf of indoor and outdoor space featuring 31 meeting rooms and an 18,000-sf main ballroom.

The project was designed by Hill Glazier Architects with Turner Construction as the general contractor. The project site has been unoccupied since Marineland closed in 1987.

Lowe Destination Development and Destination Hotels & Resorts are wholly owned subsidiaries of Los Angeles-based Lowe Enterprises. The company has developed, acquired or managed more than $8.5 billion of real estate assets nationwide over the past 35 years.

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