Real Estate Development Guide 2003-2004 - continued


The Developments:

La Solana

Punta Mita
Santa Barbara Partners and Greg Norman’s Medallist Developments have partnered to create Punta Mita’s newest planned residential enclave, La Solana. 71 hotel suites and 58 ownership villas, a secluded beach, luxury spa and fitness center, as well as full-service beach and ocean clubs will be managed by Rosewood Hotels & Resorts. The Villas of La Solana, oceanfront and oceanview, are available for whole ownership and as part of a Private Residence Club. Three floor plans, from 5,600 to 6,500 square feet, will be available, each containing three bedrooms, 4.5 baths, library/media room, plunge pool and terraces. Some villas have optional detached master suites, approximately 1,500 total sq. ft., including plunge pool and fireplace. At the top of La Solana will be La Plaza, a mountaintop village with the hotel's reception areas, retail boutiques, tequila shop and bar, general store and gourmet bistro. Ownership within The Villas of La Solana also provides entree to the amenities of Punta Mita, including access to the existing Jack Nicklaus Signature golf course. Whole ownership prices will start at approximately $1.5 million USD. Private Residence Club memberships will start at approximately $300,000 USD. The La Solana Hotel is scheduled to open in the fall of 2004. Pre-sales of The Villas of La Solana will begin in the fall of 2003.

Las Olas

San Francisco
Las Olas is a single-family gated residential beachfront community in San Francisco, Nayarit, a small beach town 30 minutes north of the airport. The Los Olas development includes 26 single-family residential building sites, 18 of which are beachfront lots. The development also has eight lots with views of the Pacific Ocean. Currently there are 22 home sites available to choose from at Las Olas. Prices range from $200,000 to $600,000 USD. Amenities include a beach club and an oceanside pool. There will be 24-hour security to the single-entranced project. In addition, underground phone, water and electrical services will be included to meet high standards of living, comfort, safety and privacy. Limited financing is also available. Las Olas is represented by Miguel Torres of JG Inmobiliaria, matl1@hotmail.com, 223-3102.


Mayan Island

Nuevo Vallarta
The Mayan Island mega project in Nuevo Vallarta has three residential options: luxury condominiums facing the ocean, with a 393-foot pool just a few steps away from a mile-long sandy beach, 28 exclusive residential properties, two penthouses, 19 golf course residences and 64 apartments on the golf course, all with views of the bay and mountains. A destination area, Mayan Island offers residents the convenience of the infrastructure and services offered by the Mayan Palace Hotel in Nuevo Vallarta, including a shopping mall, 12-court tennis club, spa and fitness center, 1.8 miles of canals, lake, marina and beach club, as well as the 18-hole golf course designed by Jim Lepe of the Jack Nicklaus Signature Group. The beachfront Ixcun building is currently 84% sold, with the golf course residences 55% sold. This year the new Edznda tower on the beach was launched. This new ultra luxury addition to Mayan Island will consist of 36 condominiums with two penthouse units. Prices range from $479,438 to $1,098,816 USD. For more information, contact mayan_island@hotmail.com or 297-1818.


Montemar

Conchas Chinas
Located in Conchas Chinas on Paseo de los Delfines, Montemar Condominiums offers 10 residences from one-bedroom to four-bedrooms, with panoramic views of Banderas Bay and the city of Puerto Vallarta. Most units have a private Jacuzzi and innovative, open floor plans that make the most of views and indoor-outdoor living. Each of the units at Montemar is all-electric and includes range, dishwasher, mini-split air conditioning, continuous-fill hot water tanks and triple-filter water purification. Other amenities include marble bathroom counter tops, tikul stone and travertine finishes, covered parking, pool, elevator, common area and gym. These homes also are available with title insurance from Stewart Title. Prices start at $169,000 USD for a one-bedroom unit to $745,000 USD for the two-story penthouse. Units are open daily for viewing. For more information, contact Devaki@equuscorp.com or 221-5488.


Paradise Coves

Costa Banderas
The concept behind Paradise Coves was to create an upscale, yet ecologically sound, residential neighborhood that respects the flora and fauna and diverse marine life found along its 820 feet (250 meters) of coastline. The planned community was designed by a group of French architects, working closely with well-respected local firms of architects and engineers responsible for designing the infrastructure and services – all of which have extensive experience in the luxury home market in both Europe and Mexico. Paradise Coves comprises 12 homes on more than eight acres of beachfront land, with lots ranging from 13,000 square feet (1,209 square meters) to 24,500 square feet (2,277 square meters) – all with 30 meters of frontage. The generous size of the home sites was planned so that owners can enjoy the privacy of their own space, from which they can walk through the specially designed hiking trails to the residents’ beach club located on the shore of the cove from whence the community takes its name. Lots start at $275,000 USD, with finished homes from $600,000 USD. To date, the development is 50% sold. Represented by La Punta Realty, info@puntarealty.com, (329) 291-6420.

Paradise Village

Nuevo Vallarta
With the success of their resort and residential development, the new Ocean Vista apartments and Paradise Plaza shopping mall, Paradise Village has now embarked on a new expansion phase. It has added an 18-hole, par-72, 7200-yard championship golf course designed by Robert Van Hagge. The residential home sites and country club will round out the private gated community. Along with this project, Paradise Village has initiated a new residential project, Playa Royale Residences, a 44-unit, luxury ocean front condominium, 80% of which sold out during pre-construction, and a 264-unit development, Grand Marina Villas, overlooking the residential canal area. These new developments come with a Social Membership, which includes three private clubs: a country club that will give private access to the 18-hole golf course, a sport club with a full health club, tennis court and other sport and fitness access and a beach club with access to the beach, a restaurant, bar, spa and other amenities. Golf memberships are included on select units in this package. Residents are also close to the services offered by Paradise Village Resort, which include a European spa, a 200-slip marina and facilities for water sports, all of which are part of owner privileges. Prices range from $162,486 to $769,449 USD. For more information, contact realestate@paradisevillage.com or 223-6770.

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