Friday, March 27, 2009 12:29 PM
Playa del Carmen Construction Update March 2009
Better late than never, here is the most recent set of construction photos from various projects of interest going up in Playa del Carmen. While sales are definitely down from last year, I was pleasantly surprized to see that most of these job sites were a buzz with activity and moving ahead at a steady pace. The notable exceptions in this grouping are Blume and Azulea, neither of which has made any movement at all. The "Most Progess Award" goes to Acanto and El Taj Beachfront both of which seem to be moving along quickly.
Sabbia is an enormous undertaking, so sometimes it's hard to see the progress. If you look closely, you can see the masons smoothing the exterior of the buildings. It's starting to shape up nicely but because of the scope of the project, they still have a long road ahead.
Doca is the newest undertaking by the developers of Akoya, Deva, Arena and Haab, all of which have been successfully completed and delivered. Based on our personal and professional experiences with this developer, this project will be at the top of our watch list. They put out beautifully designed and well constructed projects that we are happy to present to our customers. Plus, they're just so darned nice to deal with. How refreshing.
Just down the street, there is still no movement at The Loft II. I hope they are making money on the advertizing space.
Here's a interesting project that we will be watching closely. Maanuj is an eco-friendly building designed to be as energy efficient as possible. As you can see the shell is built and the supports for the verticle gardens are being attached.
And practically next door we have Sandokan, the next offering from the developer of Lotus, Casa Blanca and The Shailly.
A block south of Constituyentes and a block from the beach, Acanto Concominiums are really starting to make some headway.
Just around the corner, Maya Villas is complete and looks gorgeous. There are just a few units remaining available. This should be a big hit for investors looking for vacation rental income.
A few blocks away, down on the beach, the same development/design team is building El Taj Beachfront. This project has really jumped up in the past few months and no doubt, they are shooting for delivery before next high season. With a much grander scale, El Taj will be even more stunning than Maya Villas when it is complete.
Ooops. How did this beach shot slide in there? ;)
Work on the edifices for El Faro continues while a suspension has been placed on the imposing wooden boardwalk. Today was a windy one and the waves came within just two meters of the structure. Sunbathers braved the blustery weather in a single file line down the beach.
I'm surprized they didn't just knock it down to get the view.
A quick stroll down the beach and up Calle 6 brings us to the future sight of Azulea. No progress to report here, I'm afraid. Investors loking for a property that will bring returns in the next holiday season must look elsewhere, I'm afraid. When this project is completed, it's location and attractive design is sure to attract vacation renters in the thousands.
If you are looking for a real bargain, something you can buy and move into today or start accruing rental income on immediately, Only four blocks from the beach, in the heart of downtown, Encanto is the best deal in Playa right now. With spacious, airy two bedrooms starting at just $144K, the remaining units will not last long.
Well, that's all for this edition. We'll be back in May to check in on the progress being made around town. As always, I am happy to take requests for updated construction photos. If you have any questions about the properties shown above or if you are curious about current investment opportunities, visit our website www.BuyPlaya.com or call Rob's U.S. skype line directly at 518-632-1116.