Turner Completes $480 Million Terranea Resort in Rancho Palos Verdes, Calif.

Turner Completes Project in 23 Months – 18 Days Ahead of Schedule

New York, N.Y. – July 6, 2009 – (RealEstateRama) — Turner Construction Company, the nation’s leading general builder, has completed the $480 million Terranea Resort project in Rancho Palos Verdes, Calif. in 23 months, 18 days ahead of schedule. Turner served as the manager of preconstruction and construction services for the resort on behalf of owner/developer Los Angeles-based Lowe Enterprises.

Set on the cliffs overlooking the Pacific Ocean in Southern California, this 102-acre project is comprised of a 400,000 sq ft., 360 room hotel that features 135,000 sq. ft. of indoor and outdoor meeting and event space as well as 50 casitas, 32 villas and 20 bungalow units. Resort amenities include a 25,000 sq. ft. Spa including a Fitness and Wellnes Center, Spa Cafй and two club rooms, one of which is situated on the bluff overlooking the ocean. Turner also managed the associated sitework that includes 1,000,000 cubic yards of earthwork, a 1,075 vehicle parking area, the nine-hole Links at Terranea golf course and nine distinct water features, including the 5,000 sq. ft. main resort pool.

Terranea Resort represents the fourth project that Turner has managed for repeat client Lowe Enterprises. Other projects include Howard Hughes Center Drive, Los Angeles, Calif.; Verizon Wireless Office Campus, Irvine, Calif.; and the Miramonte Resort and Spa, Indian Wells, Calif.

“We are proud to continue our relationship with Lowe Enterprises and to have served as the construction manager for this spectacular project for the benefit and pleasure of the resort’s guests and to help Lowe Enterprises achieve their business objectives,” said Rory DeJohn, senior vice president and general manager of Turner’s Southern California operations.