Wednesday, August 26, 2009

The Synergy of Manuel Antonio…..

A ray of hope and a story of success in a real estate market which has been marred by dropping values and stagnancy. Manuel Antonio, Costa Rica, arguably the most beautiful and complete destination in all of Costa Rica, is in the midst of redefining itself as the premier coastal destination in all of Costa Rica combining the best in luxury, infrastructure, services and amenities, with an authenticity which an increasing number of international investors are seeking.

Manuel Antonio, located on Costa Rica’s central Pacific coast currently has several synergetic forces converging which are driving continued real estate sales and development during the most challenging of economic times. The construction of the Marina Pez Vela, a 300 plus slip full service Marina is nearing completion of its first phase and will be the finest boating facility in Central America. The area is the home to the world’s best sportfishing, with flat water year round and some of the finest bill fishing waters on the planet. Marina Pez Vela will boast the nation’s first full service boat yard facility catering to private yachtsmen and charter boats and will also include an extensive commercial area with boutique shops, restaurants and services. While the Marina charges towards completion with the first slips being set to open in late 2009, the Costa Rican Government is also making huge advances in the construction of a new highway linking San Jose and the principal international airport with the central Pacific coast and the completion of the Costanera Sur linking Manuel Antonio with the untouched beauty of the southern zone. These major infrastructural improvements make this area even more accessible for tourists who can opt for a much shorter drive or one of the many 20 minute commuter flights to the region. Finally, Manuel Antonio is seeing the completion of its first two condominium projects and the ground breaking of the first branded resort in this region, the Jade Condo Resort Residences and Beach Club. This project, offering a 190 unit condo hotel, plus 50 luxury residence condos and a world class beach club, will be an inconic figure on the Central Pacific coast. The active investments of Jade, Marina Pez Vela and the nearly completed condo projects in the area represent a capital investment in the area of superior to $100,000,000 which combined with the tens of millions which the government is spending on area infrastructure make for a dynamic future.

Though no one and no market is immune to the global economic slowdown, like many of the best businesses in the world, Manuel Antonio is investing in its future and building the foundation for it to continue to flourish into Central America’s most sought after destination. There are fantastic opportunities in the area for those with the vision and desire to revel in the beauty of Costa Rica, within a real community fusing luxury with authenticity, and an investment environment poised to be a leader in the future of Costa Rica.

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