cabarete building boom

there is a significant building boom happening here in cabarete. it was 2 years ago now back in boston when i had first stumbled on this market through research on the web. it looked to me like a market that could really take off. indeed it is!

check out what is happening here!

the west side of cabarete:

• perla marina - of course we have the blue fish condos being constructed in here. phase 1 is 84% sold out - all sold at pre and construction prices, as this complex is still being built. in perla marina, you have many new homes being built as well.
• vista del caribe - there are 2 condo developments that i know of being built out there - coral crest and coral heights. coral crest is being built by an acquaintance, daniel. a nice guy from italy who is also a kitesurfing instructor. more than half of the coral crest ones have been sold out prior to construction being complete. coral heights development is about to start (or may have already.) this is being built by an englishman that we know that lives in the same condo complex as us. i have seen many new homes being built in the vista del caribe neighbor too.
• kite beach - ocean point condos are being built by our friend, gordon. there are 2 sections to this condo development - one right before the kite beach condos/hotel and one after the extreme hotel. there's only like 4 condos left here - all sold prior to construction being complete. he went for building 2 bedroom units on the lower levels and 4 bedroom penthouse units. can't wait to check out his penthouse when it is done.
• just after kite beach - porta del mar condos. don't know too much about these other than they are going up fast.
• there is a 25,000m2 lot next to bahia de arena that has been cleared. this is going to be a boutique hotel by the paradisius hotel group.
• ocean dream - they continue to build more condos here. they are also constructing a huge amount of commercial space on the roadside of this complex. this is going up fast.
• in back of the best kite center on the main road, they are constructing what looks to be commerical space as well.
• pelican beach condos - these are in the second row from the beach. don't know how their sales are going. interesting to sell in the second row when the first row is an empty lot and will likely contain something at some point that blocks the view of the second row.

pro-cab:

• there are at least 2 condo projects going on in there - bali hai condos and okaina. bali hai is of course being built by our friends, german and sara. these are very nice townhouses with lots of space and tastefully done and furnished.
• okaina is a strange shaped condo building in this neighborhood. has a bit of a russian sounding name. don't know much about this small complex.

east side of cabarete:

• el magnifico is building another condo building.
• the new casino was recently finished and opened.
• there are some condos being built across from the casino. can't remember the name of this.
• 2 new large homes (or maybe condos?) being built along the beachfront before you get to the texaco station
• the victorian luxury beachfront condos - this is another complex being built by juan perdomo. construction of the foundation just started here. we have had several sales of units in there. there will be 63 units in all there, built in 3 phases.
• ocean manor hotel - this hotel is right next door to the victorian site. they have been renovating it for several months now and it is looking good.
• cabarete east - this is being developed by the people who run taco tuesday. very nice people from seattle who settled down here 2-3 years ago. they are developing 40 condos in 3 phases there. i believe that they also own a lot just on the other side of the unfinished hotel there and plan to build more condos on that side too.
• a 26,000m2 oceanfront lot next to (and in front of) the costa liza hotel sold to a group of developers who plan to subdivide that lot into a gated community with smaller lots. that lot was one that we had focused heavily on trying to sell to various clients and acquaintances. we came very close, only to be just behind another agent in our office who sold it. anyway, the sale of that lot along with all the activity on this side has really sparked a huge amount of interest in east cabarete. i think in a year's time, east cabarete is going to be a whole new world.
• la boca is starting to heat up. this is past the sea grape hotel and the sol bonito neighborhood. a large lot has been cleared out there for condos that are being built by a canadian group. those are called villas tropicale. they are completely overpriced, unless they plan to do the floors in gold. looks like they are marketing them out of canada. these people are definitely out on the edge in terms of their location in relation to where the expansion is happening. it'll be interesting to see who follows suit out there and when and if they can pull off their pricing.

i am sure i have not covered everything but this is what we have seen. every day something new starts up. it's a very exciting place to be right now, both professionally and personally.