California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
CBRE Lists Planned Resort in Santa Lucia Highlands
CBRE was selected to market Paraiso Springs Resort, a 235-acre fully entitled, planned luxury resort and residential retreat in Santa Lucia Highlands. Located at 34359 Paraiso Springs Rd. in Soledad, the development is planned for 103 luxury resort units and 32 resort residential units and has natural hot mineral springs.
Henry Bose and Alex Lee-Bull on CBRE’s Hotels team in San Francisco are advising the owner, a private family who has owned the property since 1999. The owners applied for and received their development entitlements from the County of Monterey Planning Commission in October 2019.
“Luxury resorts in Northern California are in high demand for their high-quality amenities and attractive locations, with many outperforming their 2019 numbers,” said Lee-Bull. “Well-positioned assets like Paraiso Springs present a rare opportunity to develop a unique, world-class luxury resort and establish the first of its kind in Monterey County’s Santa Lucia Highlands bustling wine region.”
- ◦Sale/Acquisition
- ◦Development