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October 23, 2008

Terranea Debuts Ocean Casitas

By Pardhasaradhi Gonuguntla

RANCHO PALOS VERDES, Calif. – The Ocean Casitas at Terranea, Los Angeles’ only destination resort on the Pacific Ocean , will open for tours by appointment, beginning Monday, October 27, 2008. This debut represents the first opportunity to experience furnished models at the $450 million luxury development. Situated on the 102-acre former Marineland site along the Palos Verdes Peninsula , Terranea is scheduled to open in June 2009.

Terranea will also feature a 400-room luxury resort, including 20 bungalows, three swimming pools, a 25,000-square-foot oceanfront spa and fitness facility overlooking the Pacific, a nine-hole golf course, children’s interactive center, shoreline parks, trails and overlooks, casual and fine dining options and 6,000 square feet of boutique shops and services. Trump National golf course is just three miles south of Terranea.

“This is an ideal opportunity to own in an inspiring oceanfront setting that is also within a world-class luxury resort with incomparable services and amenities,” said Dan Cooke, director of sales & marketing for Terranea. “Terranea will provide owners the ideal environment to reconnect with family and friends.”

Following an initial sales offering which saw more than $120 million of real estate sold within a few hours, Terranea’s recently released second phase includes 31 fully furnished Villas and Casitas. Pricing begins at $2.25 million.

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