Looking for Beachfront Property

[cdmotor]

I am a developer from the US and am looking to build a 5-Star Townhome (approx 1,500) / Private Villa (approx 400) / Hotel (400-450 rooms) / and Resort w/2 Signature Golf Courses between the La Vacama and Bavaro / Punta Cana area. Looking for a piece of beachfront land anywhere between 1.5 million M2 and 4.0 million M2.

Must be permitted, have clean title, and be ready for building. Have already found 2 that are between $15 and $30 per M2.

We are an established developer, though not in the DR. We are teamed up with several companies, much in the same style as WATG (Cap Cana hotel designers) in that they are world class organizations on our project for design and architecture, as well as sales and marketing. Our hotel partner is the biggest in the world in terms of market share.

I have my associates in the DR looking for land and they tell me that La vacama cannot be accessed via modern roadway for at least 12-18 months, so we may need to look further south than La Vacama.

I am also new to this forum, and am interested in getting to know some folks in here, so HELLO to all

Just wondering if anyone has any input for my venture....seems as though there is a fairly friendly and open group on here....so, what do you think....can the DR sustain Cap Cana AND another venture (albeit much smaller) of the same quality at about 20-25% less in terms of price?

Any thoughts?

[Hillbilly]

Go see Carlos Slim, he just bought like 25 kilometers of beachfront, inthat area.

HB

[cdmotor]

Thanks HB.

One question....where would I find Carlos?

[Tamborista]

You might need to make an appointment!

Carlos Slim, the richest man in the world - Aug. 6, 2007

[cdmotor]

Seems like my kinda guy. Thank you for the link....now I get it.

[STEVE G.]

Originally Posted by cdmotor

...I am also new to this forum, and am interested in getting to know some folks in here, so HELLO to all ...

Welcome to DR1 cdmotor ! I'm sure you'll get the answers on your questions soon enough .

[Hillbilly]

By the way, I was not kidding.

I seriously doubt that there is any beach front property in that area that is not privately owned. I will ask, as a favor to you, about this.

Cordially,

HB

[cdmotor]

and thank you for the welcomes.

HB, realizing that most (if not all) of the properties in those areas are privately owned, there are surely several of them for sale, no?

The listings are interesting. Some of the (I presume) "larger" brokers like Bruce Skelley, Tony van der Heijden, etc. all seem to list the exact same lots on their individual websites, which is a little confusing....

But whatever. We have been "dragged along" by a land owner for the last 6 months or so, with a property we saw last fall, but he didn't want to execute a contract then. We now realize that he just wanted to jack up the price on us, as he now knows we are the "real deal".

Funny, when I get played that way, I react poorly. I will pay someone else more now for their parcel rather than complete a deal with him.

Again, thank you for your replies, and all opinions are welcomed.

cdmotor

[roks33]

cdmotor,
In my opinion the zone you request land is overdone, but you for sure know this kind of things better.
I [would] invest in the Barahona-Enriquillo district because of the more profits etc.

[roks33]

1 tarea=629 m2