9/05/2006

June, 2006 - Real Estate News

June, 2006 - Real Estate News

Playa Amor Gaining Momentum - El Banco Breaks Ground - Finally! St. Regis Resort, Punta Mita Breaks Ground - Silvergate Bank Expands Financing Options - La Vida Breaks Ground

Playa Amor Gaining Momentum
Triggered by the announcement of selling out of Tower 10, Playa Amor, situated on the North Shore of the bay close to Punta de Mita, has now released the inventory for Tower 9, which consists of villas with over 4,000 sq. ft. and prices starting at $825,000 USD.For more information: (329) 291-7117.

El Banco Breaks Ground
El Banco, a new boutique development located near Punta de Mita, hosted the Nayarit governor Ney Gonzalez and other dignitaries last month as they began initial construction of the project. El Banco consists of beachfront homes and lots, oceanfront homes and villas and eventually a boutique hotel. Most of the beachfront homesites are already spoken for, with the next phase featuring the oceanview homes to be released shortly. For more information contact La Punta Realty at (329) 291-6420.

Finally! St. Regis Resort, Punta Mita Breaks Ground
A host of dignitaries gathered last month at Punta Mita to celebrate the groundbreaking for St. Regis Resort, Punta Mita. Scheduled to open in late 2007, the ultra-luxe resort is a joint venture of Ideurban Consultores, one of Mexico’s largest private development and construction companies, and DINE, master developer of Punta Mita. St. Regis Resort, Punta Mita is the second St. Regis luxury property underway in Mexico as part of the company’s ongoing focus on international expansion. St. Regis Hotel, Mexico City is projected to open just prior to St. Regis Resort, Punta Mita in late 2007. The St. Regis Resort will feature 120 guest rooms and suites and approximately 65 luxury villas for both fractional and whole ownership. Both guests and owners will enjoy services such as butler service, world-class concierge, exquisite design, and a world-class Remede Spa. For more information contact the Discover Center at (329) 291-6500.

Silvergate Bank Expands Financing Options
Silvergate is expanding its finance programs with new guidelines that will allow up to 70% financing and refinance options on the property value. Financing is based on 2, 3, and, 5 year fixed terms with 30-year amortizations. Lending is primarily based upon borrower’s strength and credit worthiness in the U.S. For more information contact Robin E. Reyes at: (624) 154-6883.

La Vida Breaks Ground
La Vida an exclusive community of only 23 residences by Sera Resorts, commenced development last month. The property commands views of the bay and is located in Bucerias, just north of the airport. Designed by world-renowned architects, Fernando de Haro and Jesus Fernandez, La Vida offers five-star concierge services, a mini-spa, a gym, lush gardens, and a fabulous palapa-covered beach club in which to relax or entertain. La Vida offers ten different floor plans, from 2 to 4 bedrooms. All residences are two stories with views to the sea. Most have media rooms, and all have pergola-covered terraces and pools. While select residences will be completed sooner, construction of the entire project will be completed by August 1 of 2007. For more information call La Vida at (329) 298-0300.

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