New Development at “Punta Raza”
A new development was announced this November at “Punta Raza” between Monteon and Los Ayala, just south of Guayabitos.
“Punta Raza” is located on the beach, 58 kilometers (36 miles) north of the Puerto Vallarta (PVR) International Airport and only 52 kilometers (32 miles) south of Playa Las Tortugas.
The developer is “C&C Capital” which is a consortium of successful Mexican companies dedicated to development of luxury tourism projects. They announced the “Punta Raza” project on November 7th, 2007 having acquired the land in November of 2006.
The first phase of development in “Punta Raza” contemplates installation of the roads and accesses, and also construction of two hotels which are the Gran Hyatt and Park Hyatt, a golf course designed by Robert Trent Jones Jr., and some residences. “C & C” is projecting that the two hotels and golf course will be ready for occupancy by December 2008, though possibly more realistically it will be during 2009.
Ultimately the project will have up to 6 luxury hotels, 950 residences, the golf course, and a 250-slip marina. The residential prices are expected to range from $500,000 to $2,000,000 USD. Carlos Brockmann, vice president of “C & C” says that now it is almost impossible to put together tracts of land this large [in the area].
This means we’ll see world-class golf within an hour of PLT probably in less than 2 years, and maybe in only 18 months. The new “Punta Raza” project, along with others in the quickly developing “Riviera Nayarit” will help make an investment at PLT more attractive financially.
Another positive result of the “Punta Raza” project is that the proposed alternate route from Puerto Vallarta to Monteon is now projected to be completed prior to the end of 2010. This alternate route will likely cut travel time from the PV airport bat least 20 minutes or more. The projected route leaves the four-lane north of the airport just before the Flamingo’s golf course and intersects the two-lane highway just south of Monteon, some 5-minutes south of Guayabitos.