Costa Rica Real Estate Development Hacienda Matapalo Receives Permits for Entrance: to be First Major Permitted Project in Booming Region
Hacienda Matapalo announced today it has received a construction and an operating permit from the municipal government to begin the landmark entrance to the project. Nestled in a RainForest, on a mountain, overlooking the Pacific Ocean is the location of Hacienda Matapalo which was the first large scale project to be approved in the region by Setena (the Environmental Regulatory Commission of Costa Rica).
Fort Lauderdale, FL (PRWEB) May 19, 2009 -- Costa Rica real estate development Hacienda Matapalo has received construction and operating permits to begin the landmark entrance project to the property in Costa Rica. The permits were granted by the municipal government. Nestled in a RainForest, on a mountain, overlooking the Pacific Ocean is the location of Hacienda Matapalo, which was the first large scale project to be approved in the region by Setena (the Environmental Regulatory Commission of Costa Rica). The site work and construction activities have begun and the excavation for footings and foundations are in progress. The infrastructure is scheduled for completion by the end of April 2010, and residential construction to begin in 2010.
Hacienda Matapalo Entrance
Hacienda Matapalo meets or exceeds very stringent environmental and conservation standards established by the regulatory agencies of the Costa Rican government. "Designing an environmentally friendly development that meets all the environmental concerns has been a major accomplishment for our engineering and permitting staff," stated Brian Albury, Managing Member and Vice President of Planning for Hacienda Matapalo. "We are pleased to confirm that our project will meet all or exceed all environmental standards," added Albury.
Hacienda Matapalo has already exceeded $50 million dollars in sales, making it the most successful Pre-Construction Real Estate property in Costa Rica. The anticipated sellout of the project is expected to be in the $300 million dollar range from the sale of houses, villas, and condos. The project will also contain the first regional shopping center on the soon to be paved Costanera (Pacific Coast) Highway.
Location of this project has been instrumental in maximizing sales due to the proximity of this location to the new hospital, marina, and newly announced international airport to be located in this lush region of Costa Rica. The success of the project has been accelerated by the amenities of this gated wonderland including: resort style clubhouse, beach club, equestrian center, and the newly expanded private nature preserve.
The Development team of Hacienda Matapalo is headed by Miguel Wong, one of the leading architects in Costa Rica. His team includes the firm of Indeca Engineering, and numerous environmental and biological experts that are cataloging all of the foliage and animal life currently on the property. The professional services team is further enhanced by the services of the Pacheco Coto Law Firm and the Price Waterhouse Coopers accounting firm.
Hacienda Matapalo has completed the largest hurdles of the permitting process including that of the approval by Setena. The submission of the project to the "Fast Track program saved us over a year in the application process" stated Costa Rica based partner Edwin Acosta. The permitting process is a long and complex process. Numerous governmental agencies participate in the approval process. The next permits pending final approval will be those for the infrastructure including electric, water, and sewer systems. The water permit is further complicated by the donation of water from the springs of Hacienda Matapalo to the neighboring town of Hatillo and the infrastructure necessary for the delivery of the natural spring water to the residents of the town.
For more information on Hacienda Matapalo, the newest property in Costa Rica, or for more information about the Costa Rica real estate project's availability, visit haciendamatapalo.com.
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