A New Oasis Is Born In Mexico Caribbean

March 18, 2009 - PRLog -- ~ Residences, Exquisite Golf, Hotels, Entertainment and More ~

Riviera Maya, Mexico (March 18, 2009) – Grupo Grand Coral, the premier developer backed by prestigious Spanish financial houses including Bancaja and Banco de Valencia, announces the newest world-renowned destination in Mexico: Grand Coral Riviera Maya. Located only 30 minutes from the Cancun Airport and five minutes from the popular coastal town Playa del Carmen, this $2.5 billion investment spans across 561 lush oceanfront acres (227 hectareas), contributing to the great urban expansion of the region.  Blending notable brands, hotels, expansive resorts, an 18-hole Nick Price golf course, entertainment and retail/restaurant outposts, Grand Coral Riviera Maya will be an unmatched grand oasis.

“Grand Coral Riviera Maya will truly be the first of its kind in the region,” states CEO Jordi Mercadé. “This master development presents a great opportunity to developers and investors to be in an impressive gated community with multiple real estate options.” The selection includes a variety of land lots, “there is really an opportunity for developers and investors at every level and we will work with each one individually to meet their needs.”

   Grand Coral Riviera Maya neighbors downtown Playa del Carmen and its popular Fifth Avenue, a vibrant street lined with fantastic boutiques and restaurants, which actually continues into the grounds of the project. Construction phases are estimated to take place over the next ten years and $700 million has been invested to date. Already underway is Mareazul which includes 300 luxury beachfront condominiums. The development will offer a fine selection of amenities including a spa, Botanical Zen garden with Mayan sculptures, beach club with private cabanas.

   The 18-hole golf course will be designed by Hall of Fame golfer Nick Price, who said, “I am very excited with the opportunity to design the golf course for Grand Coral Riviera Maya."  It was the uniqueness of the project that attracted Price to design the course located on the outskirts of Playa del Carmen.  "The project will have the feel of an urban resort something that is very unique to the area.  For several years I had vacationed here enjoying the fishing, good food and wonderful people and I am happy to be back here now to design a course in the vibrant city of Playa del Carmen," said Price.  The golf course will take approximately two years to complete.  In what will be a first for Price, the project will feature the Nick Price Residences, consisting of 123 residences available for full or fractional ownership, located adjacent to the clubhouse with views of the course.    

   Investors and developers will also be pleased to know that Grand Coral Riviera Maya is incorporating numerous eco-friendly components to protect the surrounding environment as much as possible. More than 75% of the land will be kept in its natural state or turned into recreational parks and gardens in order to contribute to the preservation of the environment.

   Furthermore, all greenery removed during construction will be housed in a greenhouse until ready for replanting. “It is very important for us to work in harmony with the land and we will encourage this lifestyle with all developers and future residents of Grand Coral,” adds Mercadé.




   Riviera Maya is truly a paradise region in Mexico that welcomes thousands of visitors annually.
   Abundant in pristine nature both on land and beyond the shore, this area is home to the world’s second largest barrier reef which lies in the ocean waters bordering Grand Coral. On land, residents and visitors have never-ending recreational activities to choose from including ancient Mayan ruins at nearby Tulum and the famous Chichen Itza (located only two hours away), swimming a magical underground river at Xcaret, adventuring the exotic park at Xel-ha, or simply enjoying a peaceful afternoon soaking in the sun on the white sandy beach. Playa del Carmen’s renowned Fifth Avenue presents numerous stores, eateries as well as a thriving nightlife.
Grand Coral Riviera Maya is the largest investment in Mexican Caribbean and will showcase more than 6,900 residences at its completion. Construction phases will take place over the next ten years. For sales information please email info@grandcoralrivieramaya.com.mx, call +52 998 176  8217  or visit www.grandcoralrivieramaya.com.mx.

About Grupo Grand Coral
Grupo Grand Coral is part of a group of developers from Spain and is backed by prestigious financial houses including Bancaja, Banco de Valencia and Bancaja Habitat. The company’s portfolio features developments in Cancun, Riviera Maya and Los Cabos including Emerald Residential Tower & Spa (Cancun), Mareazul (within Grand Coral in Playa del Carmen.)

     Nick Price
Nick Price was elected to the World Golf Hall of Fame in 2003, after competing at the highest level in golf for four decades.  Since turning pro in 1977 and joining the PGA tour in 1983, Price’s professional achievements have included three Major championships and 18 PGA Tour wins.  Price won 15 PGA Tour tournaments in the 90’s, a remarkable achievement matched only by Tiger Woods.  He was ranked number one in the world in 1994, a position he held for 16 weeks.  He was the recipient of the 2002 Payne Stewart Award given for upholding the traditions of the game and in the same year, Price was the first recipient of the ASAP Sports/Jim Murray Award, given to a professional player for his cooperation, quotability and accommodation to the media.  In 2005, the USGA presented the 2005 Bob Jones Award to Price in recognition of his distinguished sportsmanship in golf.  A global icon in golf, Price represents all that is good about the game. Price began designing golf courses in the early nineties and brings to all of his design projects a personal familiarity with the great golf courses of the world and a commitment to provide golfers with a challenge that is interesting and enjoyable for all golfers.  He limits his work to two or three projects a year to be able to provide a personal, hands-on approach to designing golf courses with a focus on dedicating time, energy and knowledge to his projects to make each course unique.  He has designed courses in the United States, South Africa, Zimbabwe, Europe, Ireland, Dominican Republic and Mexico.

Media Contact: Sabrina Lacle, Senior Director, AMG PR Works
(305) 856-8004 ext. 309 or Sabrina@ amgwagency.com

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