Add Two Towers…..Mix with water and Foreign Investors Money!

The only possible way to get 1,800 condominium units (two towers) on the Costablanca website is either with digital art, supplied by Groupmetro OR digital art.

Here is the before and after.  We can see how being a third-world developer is addictive.

Tower Image.  Land Image.  Completed Project.  $1Billion Please.

 

 

WHERE IS COSTABLANCA EXACTLY?

So many people have contacted us and requested the exact location of Costablanca.

We must apologize, we completely forgot to include this information.  Here are a couple of overhead shots and then a series of Google Maps which pinpoint the location. If you decide to show up, there will be guards at the gate.  It maybe hard to get to but the aerials really don’t do the site justice.  Of course, there are plenty of images on this site showing you exactly what is there.  All $142,000,0000 worth, less $139,000,0000 give or take $10 or $20 million dollars.   Anyway when it comes to accounting: Groupmetro isn’t interested, the Dominican Republic isn’t interested, why should we be?  Groupmetrosucks.com is a little bit more accurate, take a visit there too.

Fantastic Sales! Not really. Fantastic Failure.

An excerpt from the dr1.com website regarding sales.  Please refer to the the following for complete coverage of this old story.  http://dr1.com/realestate/news/dominican-developer-does-well/

It is articles like this that were carefully crafted that Groupmetro wants to continue to circulate, after all the glory days of 2006-2008 are well behind the company.  Salvaging its reputation will first come when they stop buying buses and ignoring their Costablanca investors!  Entry-guards to Costablanca may have assisted them in covering up the complete business failure of Costablanca, but our unfettered access to the site tells a different story.  In 2017 their unwavering desire to jigsaw a questionable reputation together appears to be failing.

Downward Economy? Not for Residential Resort Costa Blanca by Group Metro
(Miami, FL)-  Last weekend, Costa Blanca – the billion-dollar project of renowned Dominican Republic developers Group Metro, held their launch event with two days of spectacular celebrations in Santo Domingo and Juan Dolio. The project was received by the Dominican Republic and international press with great enthusiasm and unquestionable success.

Today the above statement is laughable.  Instead of

Costa Blanca, an impressive undertaking that will span across 300 acres of land and coastline in Juan Dolio, will encompass a mega-yacht marina, marina village with retail and commercial space, ten condominium towers, 52 private villas, a tennis village, clubhouses for both tennis and golf, a secured, private beach, and the first signature Greg Norman PGA golf course in the country. The highly-anticipated development will set new standards of luxury in the area, and will bring forth a modern spin on private, high-end communities. With top architects and designers at the helm, residents will find villas with open-air spacing to showcase their wrap-around pools, condos where each and every owner is afforded unobstructed water-front views, and an assurance that every aspect and step of the project is environmentally sound and positively affects the region.

The following day, the Founder’s Club – made up of 52 elite individuals who secured reservations as the very first buyers at Costa Blanca, gathered at the invitation-only Founder’s Club Reunion. These members had an early invitation to reserve a spectacular one-time package that included a private villa, two condominiums, a slip in the marina, golf membership for life, and private access to The Lighthouse Lounge and Clubhouse. The event took place onsite in beautiful outdoor tents and allowed the Founders to drink and relax while they surveyed the plots of land that would become the site for their private villas. In a unique and exciting format, Founders were able to choose the individual piece of land for their villa, as well as the condo units they desired, according to the order in which their reservation was received. With law firms onsite to advise and offer guidance, Costa Blanca closed almost $100 million dollars in sales on Saturday alone. Members of the Founder’s Club congratulated each other and toasted their new neighbors with champagne and cigars.

With the immense success of their opening weekend and almost $100 million dollars closed in sales, Costa Blanca has proven that the real-estate market is still thriving and that the Dominican Republic is one of today’s hottest investments.  How did it end up like this… this vision?

Wrecking Puerto Rico, Maria lashes Dominican Republic

Wrecking Puerto Rico, doesn’t mean much in the resort of Costablanca in the Dominican Republic!

Thankfully, Dr. Luis Asilis has almost made Costablanca bullet proof.   Hurricane Maria, that made landfall in Puerto Rico Wednesday and has left 3.5 million people on the island without power.  Maria, which was a category three storm lashed out at the Dominican Republic further to the west.  There has been some flooding in the capital.  But no further destruction tendencies.  Overall Santo Domingo weathered the Hurricane well with the island being lashed by heavy rains only.  Most of the activity and the eye of the storm was approximately 95 miles off the coast near Punta Cana.  Maria headed towards the Turks and Caicos Islands and gained additional strength.

Maria became the first Category 4 storm to direct-strike Puerto Rico since 1932 – the strongest storm in 80 years. The grid is down and the storm has been described the hurricane as “the most devastating storm in over a century.”  Apparently, the electricity grid so badly that it could take years to restore power; anywhere from 4 months to 48 months.

 

Costablanca received heavy winds and rain, however, it managed to escape additional damage.   Groupmetro’s executives appear to be relieved at how well the resort withstood potential catastrophe.   Some wandering local resident of Juan Dolio indicated that, “God is with us, to be true and we are stronger than any hurricane. Together we will rise again and again.”  Sounds like he was specifically discussing the renowned golf course at Costablanca/White Sands.  

Storm Areas within Santo Domingo show flooding damage along with other minor damage to personal property.   

 

 

Tennis Court? What tennis court?

The Chris Evert Tennis Center at Opening Costa Blanca

This article originated on dr1.com under the following search link: http://dr1.com/realestate/news/tag/grupo-metro/


Costa Blanca, the highly anticipated oceanfront development by Group Metro, one of the largest real estate development corporations in the Dominican Republic, has announced expansion plans to their billion dollar project.  The project will now include a Chris Evert Tennis Center to compliment the championship Greg Norman Signature Golf Course.  In addition, the development includes a world class marina, a marina village, oceanfront condominiums, villas, a private beach and the exclusive founders club.  Group Metro has already achieved tremendous success with the launching of its founders club, which produced almost US$100 million in sales on the first day of ground breaking.

The facilities will house a professional tennis center encompassed by eight tennis courts, and one tournament stadium-style court, as well as pro-shop. Evert explains why she chose Costa Blanca and Group Metro, “Costa Blanca is going to be a wonderful destination in the Dominican Republic.  I look forward to working with the Development team of Group Metro to help facilitate not only a world class golfing facility, but my first Tennis Center in the Caribbean that will feature superior facilities but also unparalleled service for our members and guests.”

Due to the continued demand at Costa Blanca, the developers are now enhancing the master plan, designed by EDSA, to offer a new selection of additional products.  The updated plan now presents buyers with uniquely diverse selection of residences, including half-acre private estate lots for luxury homes of up to 15,000 square feet (1,400 m2).  From modern, sleek condos and private villas to a home directly on the Caribbean sea, Costa Blanca will provide an assortment of sizes and styles to suit every taste.

Juan Dolio, only thirty minutes from the country’s capital, has recently seen an influx of activity with over 10 new projects this year.  The region is quickly becoming the Caribbean’s latest “hot spot” and Costa Blanca is leading the pack as the area’s most prestigious property.

Group Metro has established a formidable international reputation through-out its four decades of experience in both real estate and transportation.  From their landmark property, Metro Country Club, to their oceanfront condominium developments of Costa del Sol, Marbella and Las Olas, Group Metro has become the definitive business for real estate and tourism in the Dominican Republic.  Lead by their visionary CEO, Dr. Luis Jose Asilis, the company has played an integral role in putting the Dominican Republic on the map as a top Caribbean destination.  Group Metro will be one of the first developers in the Dominican Republic to ever provide internal financing to buyers.

Here is what the tennis center actually looks like in 2017.

I love the qualifier: due to the continued demand at Costa Blanca, the developers are now enhancing the master plan, designed by EDSA, to offer a new selection of additional products.   Those products are apparently old bits of concrete, tall grass an inexplicable blue-window-glass-1970’s-style clubhut (nobody with sense would consider this a clubhouse…clubhut, clubhovel).

I like to think that this broken street or cart path must lead to the tennis center. 

Hey! A painted ceiling is very important for a Good Christmas Party…..Yep, a picture is worth 1,000 words.

After wishing the guards at Costablanca good day, we wandered over to Metro Country Club.  Groupmetro was having their actual Christmas party that night.  Even the ceiling was being painted; nothing is too good for Luis’s guests.   (Hmmm now an investor that’s another thing altogether) Luis indicated that roughly 90 guests would be attending, nope not me.   Lovely, maybe next year.      I’m not sure how you get an invite (we only gave them $678,000 U.S.), but I did get video and pictures.  I know the ceiling, you wouldn’t have believed me otherwise!

 

Costablanca – the Clubhouse a closer look.

For some inexplicable reason Luis Asilis granted us access to the Costablanca site.  Overall, access to the site allowed us to get 4 hours of video and hundreds of picture of an area typically blocked off by guards.  If you are an investor and would like to get more details regarding your investment we may have your property on video.  Please contact us.