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“Most of these individuals are very, very, very private individuals,” says Thomas G. Veal, an Irvine Co. vice president. “These are high net-worth individuals, so they are very concerned about security.”"
“The type of buyer is unique, too. Whereas some spend millions to be neighbors with shirtless frat boys and other party animals in West Newport, the homeowner in Newport Coast will find a carefully staged environment where flower gardens are symmetrical, and even the gardeners are nicely dressed.”
Full story redirect to OC Register, click here.
Gladstone’s in Malibu benefits from a makeover in both style and menu offerings, so reports an article from the Los Angeles Times. ”The Pacific Coast Highway location is Southern California’s highest-grossing independent restaurant, with annual revenue topping $14 million, according to Restaurants & Institutions, an industry trade journal. But sales and profits have slid in recent years as the restaurant has fallen victim to the recession and changing consumer tastes, (Richard) Riordan said.”
$14 million dollars? That’s a lot of dining! Gladstone’s location, “Where Sunset Boulevard meets Pacific Coast Highway,” might be part of the reason for its success. On weekends, the Pacific Coast Highway, (and here I refer to the Coast Road in its entirety as PCH and California SR 1), is a dining destination for weekend wanderers wanting a sight for sore eyes and pleasing food and drink.
That $14 million dollar quote got my attention and I reflected on all the fine dining opportunities that I’ve enjoyed during my lifetime on the California coast. I also think about the many times I’ve been stopped by tourists who ask, “Where’s a good place to eat around here?” Fine dining in this post is not to be defined as expensive, formal and dressy, instead, “fine dining” is used as the qualifier to describe simply a good place to eat.
