Premier Developer Grupo Grand Coral Promises Secure Investments, Diverse Offerings & Ideal Location
July 30, 2009 by Perspective Magazine | Timeshare & Fractional ReviewsNumerous Opportunities in Riviera Maya Attract Buyers and Developers from Across the Globe
Mexico is one of Latin America’s fastest growing vacation destinations with tourism being the third largest revenue source for the country. The Yucatan Peninsula accounts for more than half of those revenue numbers and it continues to grow each year. Initiating a series of properties in the ideal Riviera Maya region, Grupo Grand Coral presents an array of diverse product offerings, while promising complete investment security and support.
Located only 30 minutes from the Cancun Airport and five minutes from the popular coastal town Playa del Carmen, this $2.5 billion investment spans across 561 lush oceanfront acres (227 hectares), contributing to the great urban expansion of the region. Blending notable brands, hotels, expansive resorts, an 18-hole Nick Price golf course, entertainment and retail/restaurant outposts, Grand Coral Riviera Maya will be an unmatched grand oasis.
Grand Coral Riviera Maya neighbors downtown Playa del Carmen and its popular Fifth Avenue, a vibrant street lined with fantastic boutiques and restaurants, which actually continues into the grounds of the project. Construction phases are estimated to take place over the next ten years and $700 million has been invested to date.
Already underway is Mareazul which includes 300 luxury beachfront condominiums. The development will offer a fine selection of amenities including a spa, Botanical Zen garden with Mayan sculptures, beach club with private cabanas.
“Grand Coral Riviera Maya will truly be the first of its kind in the region,” states CEO Jordi Mercadé. “This master development presents a great opportunity to developers and investors to be in an impressive gated community with multiple real estate options.”
The selection includes a variety of land lots, “there is really an opportunity for developers and investors at every level and we will work with each one individually to meet their needs.”
The 18-hole golf course will be designed by Hall of Fame golfer Nick Price, who said, “I am very excited with the opportunity to design the golf course for Grand Coral Riviera Maya.” It was the uniqueness of the project that attracted Price to design the course located on the outskirts of Playa del Carmen. “The project will have the feel of an urban resort something that is very unique to the area. For several years I had vacationed here enjoying the fishing, good food and wonderful people and I am happy to be back here now to design a course in the vibrant city of Playa del Carmen,” said Price. The golf course will take approximately two years to complete. In what will be a first for Price, the project will feature the Nick Price Residences, consisting of 123 residences available for full or fractional ownership, located adjacent to the clubhouse with views of the course.
Investors and developers will also be pleased to know that Grand Coral Riviera Maya is incorporating numerous eco-friendly components to protect the surrounding environment as much as possible. More than 75% of the land will be kept in its natural state or turned into recreational parks and gardens in order to contribute to the preservation of the environment.
Furthermore, all greenery removed during construction will be housed in a greenhouse until ready for replanting. “It is very important for us to work in harmony with the land and we will encourage this lifestyle with all developers and future residents of Grand Coral,” adds Mercadé.
Riviera Maya is truly a paradise region in Mexico that welcomes thousands of visitors annually. Abundant in pristine nature both on land and beyond the shore, this area is home to the world’s second largest barrier reef which lies in the ocean waters bordering Grand Coral. On land, residents and visitors have never-ending recreational activities to choose from including ancient Mayan ruins at nearby Tulum and the famous Chichen Itza (located only two hours away), swimming a magical underground river at Xcaret, adventuring the exotic park at Xelha, or simply enjoying a peaceful afternoon soaking in the sun on the white sandy beach. Playa del Carmen’s renowned Fifth Avenue presents numerous stores, eateries as well as a thriving nightlife.
A Range of Product Offering:
The company’s portfolio features developments of several properties in the Riviera Maya region including Emerald Residential Tower & Spa (Cancun), Mareazul and Nick Price Residences (within Grand Coral in Playa del Carmen). With varied prices and an assortment of featured amenities such as hotels, golfing, entertainment and retail/restaurant shops, Grupo Grand Coral has created an enclave of opportunity for tourists and investors alike.
• Emerald Residential Tower & Spa is a 20-story tower containing 106 luxury condos. Its location is one of the last pieces of land in the Cancun hotel zone directly on the beach. An amenity-rich project, residents are provided with concierge services, a management office and a state-of-the-art fitness center and spa. With 157,240 square feet of land and 269 feet of sea front, it is the best option for investment. In just two years the development has already achieved 70% sales. The development is fully completed and ready to move in. Prices range from approximately $1.2 million to $2.9 million.
• Mareazul, part of the Grand Coral Rivera Maya complex, is already well underway and will feature 300 luxury beachfront condominiums, offering a choice of two, three and four spacious bedrooms. Each residence features balconies with private Jacuzzis and fully-equipped kitchens. The community will also include 24- hour security and 650 feet of white sandy beach. Prices start from the low $600,000 to $1.5 million. Completion is scheduled for 2010.
• Nick Prices Residences In what will be a first for Hall of Fame Golfer Nick Price, Grand Coral Riviera Maya will be home to Nick Price Residences, 123 stylish homes located adjacent to the spectacular 18-hole Grand Coral Golf Course. The Residences will be a hideaway that will provide comfort, privacy and luxury to those who dwell in them. It will include exclusive membership to the Grand Coral Beach Club. Extraordinary common areas include Paddle-tennis courts and pools. The resort boasts over 170,000 sq. ft. of sculptured gardens, lakesand pools and homes ranging from 862 square feet-1,410 square feet. These homes also come with a golf cart and represent a remarkable investment opportunity; 92 homes are available at full ownership. Homes will also be offered for fractional ownership. Prices for full ownership range from $279,000 to $490,000.
A Secure Investment:
One of the best assets of Grupo Grand Coral is the fact that the company is backed by prestigious financial houses Bancaja and Banco de Valeancia, both part of the five largest financial conglomerates in Spain. This alone displays the security of investment in their products, as well as guaranteed financing. Depending on a specific development, financing from 60-70% is available, despite the global economic climate. Furthermore, the success of the developer is also displayed in all of the “anti-crisis” commercial plans in order to maintain the rate of sales. And unlike many other master developments in the region, Grand Coral Riviera Maya is the only master development in the Mexican Caribbean that secured all of the necessary permits and licenses to move forward with construction, which again displays the developer’s commitment to the project and support to potential investors.
Nick Price
Nick Price was elected to the World Golf Hall of Fame in 2003, after competing at the highest level in golf for four decades. Since turning pro in 1977 and joining the PGA tour in 1983, Price’s professional achievements have included three Major championships and 18 PGA Tour wins. Price won 15 PGA Tour tournaments in the 90’s, a remarkable achievement matched only by Tiger Woods. He was ranked number one in the world in 1994, a position he held for 16 weeks. He was the recipient of the 2002 Payne Stewart Award given for upholding the traditions of the game and in the same year, Price was the first recipient of the ASAP Sports/Jim Murray Award, given to a professional player for his cooperation, quotability and accommodation to the media. In 2005, the USGA presented the 2005 Bob Jones Award to Price in recognition of his distinguished sportsmanship in golf. A global icon in golf, Price represents all that is good about the game. Price began designing golf courses in the early nineties and brings to all of his design projects a personal familiarity with the great golf courses of the world and a commitment to provide golfers with a challenge that is interesting and enjoyable for all golfers. He limits his work to two or three projects a year to be able to provide a personal, hands-on approach to designing golf courses with a focus on dedicating time, energy and knowledge to his projects to make each course unique. He has designed courses in the United States, South Africa, Zimbabwe, Europe, Ireland, Dominican Republic and Mexico.
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