The launch party will be held Friday and five of 46 condo units are presold, with three more under contract. Not earth-shattering, perhaps, but further evidence that the real estate slowdown is an inconsistent beast. \u00a0The first of two towers at Grupo GVA\u2019s $40 million-plus Dos Marias condo project just outside Puerto Vallarta, on Mexico\u2019s Pacific coast, broke ground about two months ago. The 18-story south tower will include 29 two-bedroom homes of nearly 2,000 square feet each, 13 three-bedroom homes of 2,400 to 2,500 square feet all at the building\u2019s corners. In addition, there will be four penthouses: a traditional penthouse on the top floor and three two-story townhouse penthouses below it. \u00a0Shared amenities at the development will include a bar and pool area, a gym with sun deck, 24-hour security and a small grocery store. The second tower will feature a multi-edge infinity pool on the 12th floor; a second pool in the south tower will overlook the jungle and the adjacent river. Two of the penthouses are among the presold units, Wayne Franklin, president of Tropicasa Realty, Dos Marias\u2019 sales representative, told CPN. \u201cPeople are still looking for retirement and vacation homes,\u201d he said, and the top end of the market hasn\u2019t seen much fallout from the recession. Preconstruction prices start at $297,000 and go up to nearly $1 million for a penthouse. \u00a0Tropicasa has cast a wide net to market Dos Marias, he said, and buyers so far have included Americans, Mexicans and Canadians, with some European interest as well. \u201cMexico is basically on sale as far as Canadians are concerned,\u201d Franklin noted. \u00a0The first tower is scheduled for completion in 12 to 15 months. A second, very similar tower on the five-acre site will break ground in about six months, depending on sales in the first tower. \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
The launch party will be held Friday and five of 46 condo units are presold, with three more under contract. Not earth-shattering, perhaps, but further evidence that the real estate slowdown is an inconsistent beast. \u00a0The first of two towers at Grupo GVA\u2019s $40 million-plus Dos Marias condo project just outside Puerto Vallarta, on Mexico\u2019s…<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1003802211","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\n