A 1,500-acre oceanfront destination resort that includes three world- class resort properties-the Ritz-Carlton Kapalua, Kapalua Bay Hotel and Villas- as well as seven residential communities, three championship golf courses, two ten nis centers, three white sand beaches, and specialty shopping. The community was started in 1975 and currently is about 50 percent complete.

Currituck Club

An environmentally sensitive, 582-acre master-planned community nestled among the marshes and dunes along the Currituck Sound on North Carolina’s northern Outer Banks near the village of Corolla. The Currituck Club, a primary and second-home community developed by the Kitty Hawk Land Company, includes 412 single-family home sites, 20 patio homes, 142 detached homes, four club cottages, 90 condominiums, and a limited amount of commercial property. The community also features a golf course designed by Rees Jones that was chosen by Golf Magazine in 1996 as one of the “Top Ten New Golf Courses You Can Play” and in 2000 was rated 24th in the state of North Carolina by Golf Digest. The community was built on the historical grounds of the Currituck Shooting Club, the oldest continuously operating hunting club in North America. The Currituck Club, the only residential golf course development on the northern Outer Banks, features preserved marshlands, dunes, and native vegetation and low-density residential development.

The Colony

The Colony represents the highest end of market-rate luxury apartment communities in Orange County, California. It is marketed to a clientele that expects an amenity-rich environment, comparable to one experienced at a resort hotel. This clientele of “luxury renters,” ù the existence of which was brought about by a prosperous economy and changing lifestyles, consists primarily of professionals and empty nesters, many of whom are tapping into built-up real estate equity and now want an enhanced location and lifestyle. Others desire a second home without the long-term commitment or capital investment that buying involves. Located in the 622-acre (252-hectare) Newport Center, which was built in 1965, the Colony adds a residential layer to Newport Center’s commercial, retail, and entertainment uses. It decreases society’s impact on the environment by providing a way for people to work, live, shop, and participate in the southern California lifestyle without the need for vehicular transportation. The development owes some of its success to the soundness of its founding concept and contributes to the antisprawl equilibrium resulting from balanced land use.

Beaver Creek Resort

Beaver Creek is a 2,777-acre, four-season mountain resort featuring numerous recreational amenities including skiing, golf, and tennis. Currently the resort contains 1,320 residential units (including 121 timeshare units), 471 hotel rooms (including a 295-room Hyatt Regency Hotel), 135,000 square feet of retail space, an 18-hole golf course, and approximately 60 trails on 1,125 acres of skiable terrain, with about ten lifts, of which three are high-speed quad chairlifts. Beaver Creek currently has a ski capacity of 9,000 skiers per day. At buildout, there will be approximately 1,600 acres of ski terrain accommodating a total of 11,000 skiers per day with a total of 15 chairlifts.