“Following a very successful year of sales that significantly exceeded our expectations, we are thrilled to accelerate the plans and break ground on phase two in just a few months,” said Mark Cooley, Partner, SV Capital Partners, developers of the resort Chileno Bay Resort & Residences welcomed its first homeowners to the brand new beachfront property in December 2016, following a brisk year of sales with just a limited inventory of premiere residences remaining. Before opening day, 90 percent of phase one villas were sold or under contract, which has helped fast track phase two of development, set to begin ahead of schedule with a groundbreaking this spring.