On August 15, 2022, ONE Carmel, the luxury real estate investment project of DL Holdings in the San Francisco Bay area of California, held a groundbreaking ceremony. More than 100 political and business guests, investors and developers from Monterey County and Carmel attended the event. The groundbreaking ceremony and cocktail party were attended by Monterey CountyBoard of Supervisors Mary Adams, Luis Alejo, Chris Lopez and Wendy Root Askew, Dave Potter, the mayor of Carmel-by-the-Sea and guests from the Carmel Valley Association, the Carmel Valley Trail & Saddle Club and the Carmel Valley Chapter of the California Dressage Society.

The predecessor of ONE Carmel is September Ranch, which is a local landmark and historical memory. The design team not only retained the iconic red barn of September Ranch, but also specially designed a brand-new logo to permanently preserve this memory. As the night falls, the cocktail party began with beautiful singing from the Carmel High School choir.

The project team built a luxurious tent on the soft sand of the original arena and showed the guests the promising future of Carmel with music, art, and food. Through the white gauze drapes, the red barn and green valleys were the natural stage and beautiful background. The freshly baked, handmade Italian pizzas, appetizers, desserts and cocktails let everyone enjoy the natural harmony of music, food and beauty.

The highlight of the cocktail party was a short film, which not only showed the breathtaking scenery of ONE Carmel, but also told the story between the interviewees and Carmel with their deep love for this land in the past five years. Mr. Jim Morgens recalling his horse-riding vacation with his father here thirty years ago, Enzo sharing his experience of placing his home and restaurant in Carmel. DL's lawyers elaborating their deep feelings of witnessing the development of the project for decades, everyone was impressed by the relentless efforts and firm beliefs of the DL team, and the promising community philosophy that ONE Carmel would bring in the coming future.

Just 10 minutes from ONE Carmel, there was the annual Pebble Beach Automotive Week, one of the most attractive and liveliest events near Carmel, held in the Pebble Beach. The construction of ONE Carmel will bring even more excitement to Monterey County in the future.