Ground Broken On New Luxury Resort In South Bay

Lowe Enterprises broke ground Wednesday on a multimillion-dollar, oceanfront resort on the site of the old Marineland aquatic park in Rancho Palos Verdes. The $450 million development, known as Terranea, is expected to open in spring 2009. "We have the rare opportunity to create the only true luxury destination resort along the coastline of the Pacific Ocean in Los Angeles County," said Robert J. Lowe, chairman and chief executive of Lowe Enterprises. "We are extremely mindful of the responsibility that comes with this amazing opportunity," he said in a statement. "To ensure that Terranea will be a jewel for the entire region, we have brought to its planning all of what we have learned in 35 years of developing exceptional resorts." The 102-acre development will feature a 360-room resort, along with 20 two-bedroom bungalows, 50 three-bedroom casitas and 32 villas.