Two years after a new developer purchased the property — but two decades after initial efforts began — a 228-acre residential community in the Rolling Hills Country Club will open up sales.
Named the Residences, the 114 homes will be designed by Robert Hidey and range from 3,500 to 5,600 square feet and will cost anywhere between $2 to $5 million. Chadmar Group is the developer of the gated community.
The sprawling Palos Verdes Peninsula project had struggled to make it out of the planning stage for 20 years.
Santa Monica-based Chadmar purchased the project from the late Linden Harold Chandler, the founder and longtime owner of Chandler’s Palos Verdes Sand and Gravel, in 2014.
The Chandler family had been working on entitlements for the site for over 20 years, but faced numerous setbacks due to slow government review and a troubled economy, the Daily Breeze reported.
Eleven homes that have been sold within the last three months were bought primarily by families that already resided in the Rolling Hills estates, a Chadmar spokesperson said. Sales officially open Saturday. It also has 16 estate homesites for sale, ranging from 8,100 to 35,000 square feet.
Amenities at the development include a junior Olympic-sized pool, tennis pavilion, David McLay Kidd-designed 18-hole golf course, outdoor lounge, banquet facilities and a gym. The country club launched in January, with memberships costing upwards of $175,000 annually.
The developers, led by Chuck and Chad Lande, have also created residential and hotel complexes in the Pacific Palisades, Santa Barbara and Newport Beach. The family-run company also completed a $141 million renovation and expansion at the Millennium Biltmore Hotel and the 400,000-square-foot Pacific Mutual Building, both in Downtown Los Angeles.