This week I have a special treat for you, particularly if you have been following Loreto and Loreto Bay from before I started writing this Blog over five years ago. The beginnings of Living Loreto had its roots in a previous Blog that was written by this week's Guest Blogger, Nellie Hutchison, whose Blog "Where in the world is Nellie" about her experiences after moving to Loreto Bay full time was my source of Baja sustenance before I made Loreto my home. It is therefore with gratitude to my Blog Mentor - and a sense of reversed roles that I introduce this week's Guest Blog:
It is a pleasure to be a Guest Blogger on Drew’s Living Loreto. The last five years have seen many positive changes and improvements in our area. This is quite remarkable when one steps back and realizes how much has been done in a remote community that started with less than a few dozen full time residents. Through the sheer will and determination of our hundreds of homeowners, we have created a viable and beautiful community that offers convenient amenities and remains a safe and friendly haven.
For the first time since 2008 I feel that we are gaining some momentum towards economic recovery and once again Loreto is The Place To Be! There are positive rumors about Westjet coming to Loreto next season, as well as having a commuter flight again from San Jose Del Cabo to Loreto several times a week to make access from Central and East Coast States much easier.
Personally, I am very excited about restarting the two 4 story Posada Buildings in the center of Founders Neighborhood in Loreto Bay. These large buildings have been standing uncompleted and idle since 2008, but now, after 2 long years of negotiations with the original residential Homeowners, Homex and several contractors, we have reached a mutually acceptable agreement and full scale construction began again last month.
The contractor is Ginax and they have approximately 60 workers on site, together with many people behind the scenes doing mill and iron work, as well as architects, engineers and administration. The site is clean and well managed and the crew shows up every day promptly at 8 am. They have a makeshift food stand serving hot lunches to the crew, which smells delicious and it reminds me of the early days in 2006 when we would see up to 1500 workers on site happy to be working. The crew is friendly and they appear to be enjoying working in our Community, the people who live here, and their jobs. Ginax is a large company and their active presence here is making a positive difference to a lot of lives.
There are 51 residential units in both Posada Norte (north) and Posada Sur (south) on the second, third and fourth floor Penthouse units. Only 1 Penthouse left at $595,000 … so don’t delay! The ground floor of each building offers commercial space for sale. These buildings will be part of the Loreto Bay Master Condo Regime and the land between the buildings will be Master Common Property for all to enjoy.
We have sold out 50% of the residential units, which will be completed by the end of 2014. We are offering significant pre-completion discounts on the units we have listed and Homex has 7 units for sale which we also represent. Homex has been very cooperative with our legal team and we are pleased to announce that we have received approval of the subdivision of the two Posada Buildings away from the original Beach Club Spa Lot, which will be retained by Homex for future villa style homes. This is the first of many successful steps as we move to transfer title to the owners in the upcoming months.
Loreto Bay Homes plans to manage these buildings as a luxury boutique hotel offering a beautiful Lobby and Concierge Services for the owners and guests. Our rental market is increasing exponentially and we are taking reservations in our Village homes now for March 2015. In 2010 we could not rent a Casa Chica for $50 a night, and now we have rates as high as $185 per night for our Chicas, and up to $900 US a night for our luxury beach homes. We fully anticipate that the Posada Buildings will be a great investment for rental and owners who want to enjoy one level enclosed living, with views from every room.
As part of our Sales and Destination Marketing endeavors, we will be in attendance at the Calgary Herald Mexi Go Exposition held at the Deerfoot Inn and Casino on Saturday, March 15, 2014, from 9 am to 5 pm. We are lucky to be among only 14 representatives chosen from Mexico. Visit our Booth #26 to enter our DRAW PRIZE of a free trip for 2 to Loreto, with one week's accommodations at the 5 star luxury resort, Villa Del Palmar Isles of Loreto.
I will be the Key Note Speaker presenting “The Past and Future of Loreto Bay and its Special Relation with Calgary” from 10 am to 10:30 pm in the Bridlewood Room adjacent to the main hall. I will be in attendance all day and will be making appointments with those that want more information on our destination through to March 18. I am happy to be back in Canada and sharing our special place with our many friends and supporters. 25,000 copies of the beautiful Mexi Go Magazine will be distributed in Western Canada and available at the Calgary Show. Here’s a link online for your preview. www.issuu.com/mexi-go/docs/mexi-go2014
The Calgary Herald, co-sponsor of the Exposition, ran a feature story on Loreto Bay on Saturday, March 1, 2014, in the New Homes Section, in advance of the show you can link to a copy of the article at: http://www.calgaryherald.com/homes/Loreto+Mexican+charms+lure+Calgary+couple/9560126/story.html. From the beginning of this project over 10 years ago Loreto Bay has a special relationship with Calgary and we look forward to this renewed interest and curiosity of what has become of our seaside paradise!
Don’t delay in requesting more information on the Posada Buildings plans and prices, as well as excellent deals on Village Home Re-sales. Loreto Bay Homes represents 95% of all resale listings in Loreto Bay and we are pleased to advise that there is only approximately 5% of the development for sale. This is a very low number in consideration of the global economy and the fact that these are typically vacation second homes. We believe that Loreto Bay has established itself as a financially secure and viable community with a bright future.
I look forward to hearing from you and seeing you in Calgary, March 15, 2014!
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