Tuesday, May 13, 2008 8:08 AM
Playa del Carmen Construction Update - May 2008
As requested by "Life's a Beach" Readers......
Far and away our most popular and fastest selling investment property of the year, The Fives is teaming with activity as the enormous free-form pool that meanders throughout the property gets dug in and poured. Many of the towers have been completed and are getting a fresh coat of paint and windows fitted. We spent several hours onsite today with buyers looking to snap up the few remaining units. Due to the recent purchase of a neighboring parcel, The Fives beach frontage has been dramatically increased and is, as always, spectacular.
In Playacar Phase 2, a large swath of land has been selectively cleared and dug in preparation for the new project from Origo, Vaiven del Viento. This is the first phase of the ambitious Vaiven project consisting of 149 2 and 3 bedroom luxury condominium residences set on over 9000 square meters of property. Features of this project include underground parking facilities, a cinema lounge, a fully equipped gym, Yoga, dance and Tai Chi Solariums, an onsite infirmary and a children's playground. A majority of the mature tropical trees have been preserved on the property and the developers plan to make use of sustainable resources for their building materials and impliment a rainwater catch system to irrigate the massive gardens and green spaces on the property. Delivery is scheduled for Fall 2009.
Playacar Phase 1 has quite a bit of construction going on including this enormous 2 villa project going up quickly next to Casa Vista. Reported to boast a whopping 8 bedrooms each, these new ocean-view homes will certainly be a great vacation rental option for large groups or families traveling together. I should mention that this is the most professional and well managed worksite we have ever seen in Mexico. Notice the hard hats and reflective vests. The clean and orderly appearance of the jobsite, the covered lunch area and laundry facilities make the standards of this builder unique in this region. Bravo. We look forward to seeing the final results!
Back in downtown Playa del Carmen, just one block from the beach, Acanto Condominiums are ready to begin construction. The lot, located next to the popular Acanto Hotel on calle 16, has already been cleared. These luxury 1, 2 and 3 bedroom condominiums have been designed by the same award winning architect who created the Villas Sacbe, Porto Playa, El Taj and most recently, Maya Villas. In keeping with the design of the hotel, these condos will have a romantic appeal with influences from the far East. Prices for full ownership include gym menbership and start in the low $300,000s.
Just next door on Avenida 1, the construction of Maya Villas is progressing rapidly. Today, the crews were putting a smooth finish on the exterior and painting. Some palapa is already in place over the spacious terraces. Delivery of these units in time to capture high season rentals seems very likely. This is a beautiful project with just a few units left to sell.
The construction of El Faro Residences is moving along quickly with its well funded crew. The model unit is ready to show and several of the buildings have been completed. The interiors remain to be finished but it appears that this controversial project will successfully reach completion and delivery.
OK, that's all for this month. Feel free to contact me and let me know if you would like a photo update of a particular property added to June's roster.