San Jose, Costa Rica (PRWEB) March 19, 2008
Kubera Venture Capital Group, LLC, a privately held real estate investment and development firm, today announced it has obtained a round of financing for its gated residential community, Jade Azul, in Nosara, Costa Rica. Affirming the continued strength of investments in Costa Rica real estate, and the value of the Jade Azul project in particular, the financing was issued by Costa Rica's largest bank, Banco Nacional and will be used to fund the community's infrastructure and community amenities. The funds have been allocated to install a bamboo perimeter security fence, entranceway landscaping, roads, and continuing villa construction.
Nestled in the Nosara jungle, Jade Azul is a Balinese-inspired residential community that will offer a mix of single-family villas, ocean-view condominiums, and commercial amenities. Construction is currently ongoing, with the first phase of 10 villas nearly completed. Pre-construction sales for additional villas and condominiums are underway for delivery in 2009. Pre-construction pricing for the jungle- and mountain-view villas ranges from $200,000-$245,000 for 1-story villas and $215,000-$260,000 for 2-story villas, with actual prices dependent upon lot sizes. For those interested in building and customizing their own Balinese-style retreat, individual lots are available starting at $60,000.
Jade Azul will be built with the intent of preserving the natural habitat; approximately 50% of the 28-acre property will be reserved as "green space," with low-impact walking and hiking trails for residents to enjoy the tropical wildlife and environment. In addition, the properties can be purchased with basic or upgraded furnishing and accessory packages, and as the build-out continues and residents begin to move into their new homes, a broad range of amenities are being added and planned, including outdoor spas and meditation areas, high-speed internet access, shuttles to local beaches, maid service, pool cleaning, and local bill paying services. Mr. Kush Wadhwa, Partner of Kubera Venture Capital Group, stated, "We are quite excited to have secured additional financing for Jade Azul. This funding will put the finishing touches on the first phase of the community and allow us to fully showcase the attention to detail, craftsmanship, and design aesthetics that make Jade Azul a superior value in vacation destinations. We invite anyone who is interested in making a home for themselves in Costa Rica to come visit us to experience the hospitality of Nosara, the beauty of Jade Azul and the serenity of the jungle setting."
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 turnkey 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, and Central America.