The Legado Companies obtained a 12-year, $75-million loan for the project in early December 2019, reports the Los Angeles Business Journal. ![]() Plans also call for the renovation of the Palos Verdes Inn, which will reopen as a 110-key hotel featuring a modern exterior and a rooftop pool deck. The approximately 4.3-acre site, located at the northeast corner of Pacific Coast Highway and Palos Verdes Boulevard, is approved for the construction of a five-story complex featuring 115 residential units atop approximately 22,000 square feet of street-fronting retail and restaurant space. ![]() ![]() Protective fencing has appeared around the perimeter of the former Palos Verdes Inn in Redondo Beach, signaling the start of work on a mixed-use development from the Legado Companies.
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