$40 million Residential Development Announced

In 20 thousand square meter plot of land in San Juan del Sur, Nicaragua, construction works have started on a luxury residential complex composed of villas, apartments, commercial area and other amenities.

Wednesday, May 10, 2017

The project will require a total investment of $40 million and will be developed in two stages, said Horacio Argüello Lacayo, president of the Santa Maria group, at the launch event. The first stage to be developed includes the construction of eight residential villas, three apartment buildings, a shopping area and a club house. Works are expected to be completed by 2020. 

Argüello told Elnuevodiario.com.ni that "...In San Juan del Sur there is a lot of demand for luxury homes and at the moment there is no other project like this, so it is a project that will allow customers to have access to different options from two-bedroom apartments to five-bedroom villas with ocean views".

According to the developers, "... the project as a whole includes the construction of 27 units, of which eight will be villas, 16 apartments and three lots, plus a gourmet square for the installation of restaurants and cafes, under the concept of Mediterranean village where you can walk from one place to another within a security perimeter."

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