Hoboken, NJ (PRWEB) July 26, 2006
Kubera Venture Capital Group, LLC, a privately held real estate investment and development firm, today announced it has broken ground on a new 100-unit residential community, Jade Azul, in the popular beach town of Nosara, Costa Rica. Jade Azul will be a 27-acre gated community, offering residents a secluded lifestyle in a biologically diverse setting.
Kubera Venture Capital Group will build approximately 20 single-family villas and 80 condominiums on the site. The first phase of 10 villa units is now under construction and available for pre-sale. Each unit will feature unique Balinese-inspired architecture with floor-to-ceiling windows, vaulted ceilings, sunken bathtubs, expansive outdoor terraces with jungle and mountain views, along with satellite television and high-speed internet access. There will also be a commercial center conveniently located on-site, with shops and restaurants for Jade Azul residents.
There are two available floor plans (a 1-story model and a 2-story model), both with 2-bedrooms and 2-baths (the 2-story has an additional powder room). Each of the 20 villas will offer 1,000 square feet of indoor living space on a private ¼ acre lot. They will also feature up to an additional 500 square feet of outdoor terraces, allowing homeowners to fully immerse themselves in the tropical surroundings. Pre-construction pricing starts at $150,000 for 1-story villas and $165,000 for 2-story villas. Optional upgrades, such as swimming pools, kitchen and landscaping packages, and furnishings are available at additional cost.
Mr. Kush Wadhwa, Managing Partner of Kubera Venture Capital Group, stated, “We are very excited about the groundbreaking of the Jade Azul development. Nosara continues to be an extraordinary place to vacation and to live, offering something for both the restful traveler and adventure seeker alike. We are thrilled to be able to offer a development with such luxury at what is obviously a very attractive price point.”
The second phase, the Condominiums at Jade Azul are expected to be released for pre-sale in early 2007, with architectural features similar to the villas. The condominiums will be built on the higher elevations of the property, and will offer 1,200-1,500 square feet of indoor living space, along with expansive outdoor terraces. The majority of these units will have 180-degree ocean views. The villas and condominiums will be built with ecological integrity; a full 50% of the property will be reserved as “green space” to maintain the jungle habitat. Low-impact walking and hiking trails will be added for residents to experience the wildlife and tropical environment.
Nosara is a small Pacific coastal town located in the Guanacaste province in Northwestern Costa Rica. The town is famed for its world-class surfing and sport-fishing, and offers a myriad of other eco-tourism related activities. It boasts a large American population, dubbed the “Proyecto Americano,” and has long been a home for privacy-seeking celebrities and wealthy Americans. Tucked away in the jungle, Nosara is accessible either by air (a 40-minute flight from the Juan Santamaria International Airport in San Jose, Costa Rica’s capital city) or car (a 2-hour drive from the Daniel Oduber International Airport in Liberia).
About Kubera Venture Capital Group:
Kubera Venture Capital Group is a US-based real estate investment firm focused on international residential vacation and second-home development. The principals have a collective 20 years of experience, including turn-key construction, new construction, land development, multifamily renovation, and condo conversions. Over the past ten years, they have completed many successful projects in the United States, Canada, Europe, the Middle East, and Central America.