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$450 Million Resort Breaks Ground Near L.A.

Lowe Enterprises began construction March 7 on the 102-acre Terranea Resort in Rancho Palos Verdes, Calif., located outside Los Angeles.

The property is expected to house 582 guest units ranging from traditional guest rooms to bungalows and villas. It will also provide guests with 123,000 square feet of indoor and outdoor meeting space, three swimming pools, a business center, several dining outlets, and a golf course.

The resort is slated to open in spring 2009.