La Ribera, BCS Mexico (PRWEB) June 21, 2008
Construction has been in full force over the last 60 days on Cabo Riviera, a master planned marina and golf course which is scheduled to open August of 2011. The marina will include 400 waterfront home sites which will allow home owners to park their boats in their own back yard.
La Ribera, a small fishing and ranching town located along the East Cape of Baja Sur is in for a major transformation as the hundreds of workers who will have employee housing move in as the human resource requirements to build the marina, golf course, and 5 star hotels get underway.
Two major resort hotels will be part of the overall master plan. According to an announcement made by the Related Group which appeared in the Reforma, a major newspaper in mainland Mexico, the Mandarin Hotel has signed an agreement to build one of the five star hotels. The second hotel site is still under negotiation with prospective resort investors.
Unlike the Cabo Corridor resorts that maximize density, the resort hotel which is currently in the design process will limit the height to three stories, while incorporating the unique environment which include fresh water estuaries, with walking trails, in this low density development. The hotel group has planned to build 200 villas in addition to the hotel as home sales are a big part of the total return in a golf marina project.
There are a few remaining home sites in the first phase of the marina and golf course with discounted prices ranging from $230,000 on the golf course to the $400,000 to $650,000 on the marina. Property owners in the first phase will receive 50% discounts on green fees and 25% discounts on marina services to include dry dock storage and haul out. Vacation owners will be able to call the marina to have their boat taken out of dry dock to their mooring in advance when planning vacation trips. Permanent owners will leave their boats moored along the channel which are wide enough to allow 100 foot boats to maneuver.
The Mexican government including the County of Los Cabos has been very supportive of the project, largely due to the design of the master plan which will have a positive impact on the local economy but still retain beauty of the local environment.
For more information on resort sales, contact Baja Beach Investments in Los Barriles, BCS Mexico, 760 494 7381 or info @ bajabeachinvestments.com.