Revolution Plans $800M Costa Rican Resort

WASHINGTON, DC-Steve Case’s real estate venture, Revolution Places–launched to develop sustainable, high-end, resort communities–has selected its first destination, Cacique, Costa Rica. The 650-acre, $800-million development is scheduled to open in 2010.

Revolution was unable to be reached for comment by press time. The resort group is a unit of Case’s holding company, Revolution LLC, which he seeded with $500 million in 2005 when he founded the company. The goal embellishes the traditional concept of sustainable development to take advantage of a handful of emerging trends in global travel, including ecotourism, condo ownership at resort locations and green building standards.

“Revolution Places is an entirely new approach to destination resort development,” Steve Case, chairman and CEO of Revolution LLC, says in a press release. “We are bringing together the best of the best to deliver an ownership and guest experience like no other resort in the world. Importantly, we will preserve the local environment and culture when developing resorts like Cacique, Costa Rica to ensure our presence is a positive and welcome contribution.” The project includes 300 condo units.