KO OLINA, Hawaii (KHON2) -- California-based company New Age Ko Olina has acquired two large oceanfront lots in Ko Olina. Get Hawaii's latest morning news delivered to your inbox, sign up for News 2 You According to commercial real estate firm CBRE, the company aims to grow the Ko Olina community by building two luxury resorts. Paradise Cove to be ‘sunsetted,’ what’s next for Ko Olina? The first lot next to Aulani is entitled to up to 1.5 million sq. ft. and can fit up to 1,400 units. Officials said the seller proposed building an Atlantis Resort & Residence Ko Olina on the lot, which would feature retail, an aquarium and pools and would open up to two Ko Olina lagoons. CBRE said the second lot is entitled to up to 990,000 sq. ft. and can hold up to 850 units. This lot also opens up to two beach lagoons and the Pacific Ocean. “The sale and commitment to the construction of these two major projects reflect the strength and attractiveness of Hawaii, Oahu and Ko Olina to the global capital and developer markets,” said Bose, CBRE senior vice president. The two resorts will be part of Ko Olina's master-planned development, spread out over 642 acres. Check out more news from around Hawaii Officials added the two lots are the last two underdeveloped "on-beach" parcels within the development.