Juan Dolio - South Beach of the Caribbean !!!

[STEVE G.]

Originally Posted by mark21

Did any one know any thing about Villa Aleksander and Plaza Lallave. What this corner is worth or for how much square meter are selling in this part of JD. Looks, like this is the best prime corner location on boulevard...

This is definitely the best prime corner location in the whole Juan Dolio . Located right in front of lobby entrance of Capella Resort , next to Colonia Tropical , near Club Hemingway , Costa Del Sol etc... Villa Aleksander , two story Villa (576 m2) is priced at over US$300,000 (on 1,300.5 m2 lot) . The Plaza La Llave is priced at over $500,000 (622.5 m2 Plaza, on 1,449.3 m2 Lot) . Analyzing the current prices in the area: m2 of new construction on Boulevard : US$1,000 - 1,500 X 576 m2 = US$576,000 - 864,000 for such Villa if it was new . Now paying half of this average cost for an old villa is fair enough . But you''ll need to put more $$$ for it's renovation . Now Plaza is offered at the price almost US$900 m2 for an old construction . Plus you'll have to deal with the current business owners , who invested $$$ into their locations ... Now the land cost : if someone purchase both Villa and Plaza will have in total 2,750 m2 Lot in a prime location . To consider to pay about US$900,000 in total for both makes US$327.27 m2 for land. Fair enough for this location . But who is going to pay mentioned above accumulated back taxes ? Usually the sellers say they don't have the money. Plus the mentioned ''determinacion de herrederos'' and ''pay off all of the existing businesses'' . You''ll need a very good lawyer to deal with this matter ... Now the corner is a very good location and to be fair to it , someone with a lot of cash has to demolish it all , clean both lots and build a Mega Plaza with parking in first floors , shops , supermarket on the next few floors , offices on the other floors and sea view apartments on the upper floors . Up to 15-25 floors in total if you wish .

[STEVE G.]

[STEVE G.]

[STEVE G.]

[STEVE G.]

[STEVE G.]

[STEVE G.]

'' Vicini Group receives Agroempresario of the Year.
SANTO DOMINGO .- The president of the Vicini Group, Felipe Vicini, received the prize for Agroempresario of the Year, from the Dominican Agro Board (JAD).

The entrepreneur expressed his pleasure at receiving the prize Agroempresario of the Year of the hands of the president and owner of the JAD, Jose Ramon Peralta. He stressed that the consortium is confident about the business climate of business in the Dominican Republic. The businessman recalled that the Vicini Group started its business in the 1860s, 158 years ago, when Juan Bautista Vicini Canepa, his great-grandfather, immigrated to the Dominican Republic from Genoa, Italy.

Vicini announced that the group is ready to build the Independent Financial Center of the Americas, whose law was passed by Congress. Moreover, he argued that the consortium accelerating the construction of the cruise terminal in San Souci and extending their investments in the energy sector nationally.

The Group has made strategic alliances with Bon Agroindustrial, Induveca, Parmalat, pasteurizer Rica, in addition to investing in real estate, tourism, construction, financial services and communication.

"To complement these efforts, we carried out an exemplary program of education and health services, as well as the living conditions of our industrial workers and field in CAEI," Vicini said in his speech of thanks during the act took place in Hotel Jaragua.

Group president Vicini concluded with the statement that the family belongs to the Dominican nation and its businesses are geared to the welfare of the country's economy.''

[Fernandez]

[quote=STEVE G.;679223]''

Vicini announced that the group is ready to build the Independent Financial Center of the Americas, whose law was passed by Congress. Moreover, he argued that the consortium accelerating the construction of the cruise terminal in San Souci and extending their investments in the energy sector nationally.

Clearly the Group has the resources to develop the Center. This would be a big boost to the area, if one day they decided to direct investments to the project. This is a 4 year old item that continues to drag out in the press, and many people invested in property 4 years ago on the basis of the same deal.. I guess the real news will be the day they break ground and/or sign up the banks...

[mikey007]

at least you might see some real price increases in real estate when in fact they break ground

[ejl]

Has anyone heard an update on the Juan Dolio Maxim Bungalow project? Is the Elliott group moving forward or is it dead? We'd like to know what happened to our 'investment'. Thanks.