Prudential Vallarta Blog

All 12 homes in Phase I at Real Nuevo Vallarta have been sold, according to Mariano Rios, the agent in charge of sales at Prudential Vallarta.

The agency is now accepting reservations for Phase II, with groundbreaking planned for March 08 “The first phase has already shown excellent appreciation” he said. “We are just as excited about Phase II.”

“We are not surprised that sales have been so strong for this development,” said (agent) Mariano Rios. “The property has a unique residential concept that assures the privacy of a traditional neighborhood cul-de-sac location.”

Mariano Rios (the agent) notes that Real Nuevo Vallarta has boutique elegance with refined community amenities. “The property is ideal for young families looking for a secure, exclusive environment.”

Real Nuevo Vallarta is located just inside the North entrance to Nuevo Vallarta, on the right hand side, just before the plume that goes into the residential area.

From the moment you pass through the entrance gate, you enter a new world that draws your attention to the details of this developer´s (well known architect Ernesto del Castillo) concept: to bring a new community together while maintaining a sense of ample space and privacy.

A garden oasis in the center of the property is defined by lush landscaping appropriate for its tropical setting. There is a beautiful swimming pool and pergolas that provide the perfect veil from the sun. The deck and palapa around the pool area will entice you to enjoy complete relaxation just a few steps from your home. The pool comes equipped with a wet bar area and two grills for hosting your family, neighbors and friends.

There are a very limited number of 3 and 4 bedroom homes available. Discounted pre-construction prices for Phase II start from $336,000.00 USD.

Contact Mariano Rios at Prudential California Realty, Vallarta Division.
Phone: 297 5146 or 044 322 109 7166.

As the first “Adult Active Living” Beachfront Condominium Project in Mexico

Luma may not have a typical “condo development” name, but that’s because it’s not a typical condo project. Its unique features have attracted extensive international coverage by publications from the New York Times to the Kiplinger Report.

The project is newsworthy because it is the first of its kind – the first project in Mexico designed specifically and exclusively for people over 50.

Medical treatment will be provided by an English-speaking physician at an on-site private clinic. Yearly physicals, eye exams, basic dermatology, respiratory and orthopedic services will all be available, along with basic medical care and referrals to specialists.

But being first in the “50+” market is not Luma’s only distinction. It is also a master planned, luxury beachfront community with unique amenities that set it apart from the broad range of new condo projects on the Bay.

For example, on-site medical care is only one facet of a comprehensive health program. Luma will offer “a strong focus on wellness and preventative medicine,” according to Alex Urrutia, Luma Sales Director.

“It is this unique mix of beachfront luxury with post-50 features that have really set us apart in this market,” Urrutia says. “We are not just another condo project. We are truly unique and, yes, we are the first.”

Luma broke ground on October 18 of last year, and a beautiful sales studio is now open with a spectacular oceanfront sales model. Completion of the first stage is scheduled for Fall of next year.

Luma is located on the beaches of Nuevo Vallarta on Paseo de los Cocoteros #56, just north of Playa Royale. Call for an appointment at 322-226-7290.

International Luma Coverage:

Excerpts from some of the international press coverage on Luma.

“Sheltered by tranquil Banderas Bay and shadowed by the verdant Sierra Madres, Nuevo Vallarta is home to Luma. . . [It] will neighbor to the tony Paradise Village Resort and Luma clients will enjoy use of its amenities. Humpback whales, sea turtles and other creatures are drawn to the warm waters of Banderas Bay and Luma’s position along the coast offers prime viewing.”
Where to Retire Magazine, “Discoveries: Introducing, Luma in Nuevo Vallarta, Mexico,” March/April 2008

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“This community for the 50-plus set will be in Paradise Village, a 440-acre resort and residential enclave. . . . The 1,800- to 3,500-square-foot condos in the towers will have large terraces and floor-to-ceiling windows; there will also be 6,200-square-foot penthouse units that will feature private pools and palapa-style, thatch-roofed terraces.”
New York Times, “Escapes – Breaking Ground,” by Nick Kaye March 7, 2008

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“The Mexican community of Puerto Vallarta has long been a favorite destination for Canadian travelers with its quaint cobblestone streets and shops . . . But soon there will be an extra reason to visit. [Luma] is being described as the first ‘full-ownership active-adult beachfront community.’”
Forever Young (link to PDF), “Luma Rising,” by Don Wall December 2007

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“A joint venture between Front Porch, which is known for its retirement communities, and Mexico-based Grupo Krone, a real estate development company, Luma will delve into the mind-body-spirit connection, provide an onsite health clinic and opportunities for its residents to do volunteer work in the larger community.”
Wall Street Journal , “Regions Resorts and Holiday are a Hit,” November 28, 2007

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“If you like sunshine and you want to head south… we have a great place, Luma Living. . . These condos are gorgeous!”
NBC-San Diego 7/39, Streetside with Kimberly King November 31, 2007

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“Older Americans have been moving south for decades, but now they’re stampeding beyond the Sun Belt and across the border. . . . Front Porch, a California non-profit that creates residential communities for those aged 50 and over, will open Luma in 2009.”
SmartMoney, “Your Hacienda Awaits,” by Peter Keating January 2008

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“Mexico has always been a popular Latin American destination for U.S. retirees. . . you can buy one of 400 units at Luma (LumaLiving.com), the first U.S. developed active adult community in Mexico.”
Kiplinger’s Retirement Planning 2007, “The Lure of Living” Fall 2007

Designed and priced to fill an important mid-level market niche, Yubarta has announced it will complete the first five homes at its Marina Vallarta development by the end of this year.

The adage about the importance of location in real estate applies to Yubarta. Named after the famous Humpback whales that winter in Banderas Bay, the development is located in one of Vallarta´s most sought after residential neighborhoods. Bordering the lush green fairways of the Marina Golf Course, the site is ideal for families, golfers or for any owners who want space and tranquility within the Marina Vallarta community.

The 90 single family residences at Yubarta are just minutes from the bustling Marina boardwalk and the beach. It is also conveniently close to the best schools in the area, the Marina mall and Vallarta’s international airport.

Yubarta’s Model Home

The project is attractively priced and offers every amenity. Common areas and recreational spaces take up one third of the master plan, each carefully designed to meet the needs of any growing family or snowbirds looking to enjoy a tropical lifestyle. The development includes two pools, large playground area,fitness center, an outdoor sports center and landscaped gardens.

Homes start at US$323,000 and residential Lots US$87,490. The entire project has been pre-approved for mortgage financing.

For further information, contact Veronica Eggleston at Prudential California Realty at 226 2690 or cellular 044 322 110 3448

From January to April, tourist investments in Mexico have totaled $2.803 million USD, accounting for 84% of the total annual goal in this area.

The SECTUR director noted that during the past 16 months of President Felipe Calderón’s administration, Mexico has accumulated $6.267 billion USD, as a result of which it has achieved 31% of its six-year goal of $20 billion USD.

On behalf of President Felipe Calderón, Elizondo inaugurated the 22nd Annual Convention of the Mexican Association of Tourist Developers (AMDETUR) on “Tourism, the Engine of Development for Mexico.”

Earlier today, Tourism Secretariat Rodolfo Elizondo inaugurated the 22nd Annual Convention of the Mexican Association of Tourist Developers (AMDETUR) on “Tourism, the Engine of Development for Mexico,” at which he told businessmen in the area that Mexico has shown favorable results regarding private tourist investment by accumulating $2.803 billion USD during the first four months of the year.

Accompanied by José Carlos Azcárraga, President of AMDETUR, the SECTUR director stated that as a result of the confidence of investors in the tourism sector, 31% of the six-year goal of $20 billion USD has been achieved, since over the past 16 months of President Calderón´s government, $6.267 billion USD of investment in tourism have been generated.

“55% of this investment comes from national capitals, while the remaining 45% corresponds to foreign investors, mainly from the United States and Spain.”

“The presence of those of you who are tourist investors and developers confirms your enormous confidence in Mexico and your willingness to continue combining forces and coordinating the actions that will enable us to increase tourist flows and investments and thereby contribute to Mexico’s economic development,” declared Elizondo Torres.

He went on to say that in order to continue promoting tourism in Mexico, the National Tourist Promotion Fund (FONATUR) will participate in major projects such as La Pesca in Tamaulipas as well as two tourist real estate developments in Puerto Escondido and Baja California Sur.

The Tourist Secretary admitted that tourism in Mexico will be further reinforced by President Calderón’s support of this industry, one example of which has been the creation of the National Infrastructure Fund.

“This fund provides the possibility of financing tourist projects for the state, which in turn will facilitate the construction of the tourist attractions we have planned, as well as the improvement of urban services in already consolidated destinations.”

In particular, he reported, the Tourism Secretariat has formally submitted a package of seven investment requests for providing basic services such as drainage, safe drinking water and the installation of wastewater treatment plants and other urban works for seven beach tourism destinations, including Cancún, Ixtapa-Zihautanejo, Loreto, Los Cabos, Puerto Peñasco, Puerto Vallarta and the Riviera Maya.

Lastly, Secretary Elizondo urged businessmen and investors to continue trusting in Mexico and to create a sustainable, orderly development for the benefit of the industry and Mexico’s economic and social development.
“The point is not to do business to the advantage of a few and to the disadvantage of many but to ensure that investments in Mexico are attractive and profitable for investments while distributing wealth, which will create well-paid sources of employment and provide local benefits.”

“I would urge you to continue investing in Mexico and for our growth to be orderly and planned and have a long-term vision rather than one based on doing business in a day,” he stated.

The inauguration of this event was attended by Ernesto Coppel Nelly, President of the National Tourist Business Council (CNET); Luis Antonio Mahbub Sarquis, President of the Confederation of National Chambers of Trade, Services and Tourism (Concanaco-Servytur), legislators, state tourist businessmen and businessmen in the area.
Source: Head Office of Media and Communication, Press and Information Office, Tourist Secretariat (SECTUR).