Punta Loros, a planned luxury resort and development property that spans 800 acres in the Central Pacific coastline of Costa Rica, recently tendered its environmental impact study to the Technical and Environmental Secretariat (Spanish acronym: SETENA). The study is an important part of the compliance process required to make this ambitious project a reality.
According to a news report by Spanish tourism trade publication Expreso, Punta Loros will require a $400 million investment and will consist of three hotels, 34 multifamily residential buildings, an 18-hole golf course, and plenty of luxury amenities to deliver a lifestyle reminiscent of upscale resorts in the Mediterranean and the Caribbean.
Punta Loros is located in Tarcoles, a touristic coastal area of the Garabito canton of Puntarenas. This beach community is just a 45 minute drive from San Jose, and it is part of the Orotina and Jaco Beach region where a future International Airport will be developed to accommodate the growing tourism and retirement industry in Costa Rica. In other words, Punta Loros is prime real estate. Here’s a description from the developers:
Nestled along the coastline on the Central Pacific province of Puntarenas in stunning Costa Rica you will find Punta Loros, an 800-acre, luxury resort and development property.
An easy 10-minute drive off of the main highway near Orotina, this development parcel or large private estate offers investors enormous potential on a unique and perfectly located property. Real estate is and always has been about value, and location, location, location, and Punta Loros absolutely delivers both.
Punta Loros has a gently sloping topography with ocean views from almost ninety-five percent of the titled and deeded property. There is one-mile of Pacific beachfront with several distinctive bluffs with spectacular vantage points for optimal placement of hotel sites, an old world waterfront village, meandering golf course, world class spa, beach club as well as multi-use residential sites.
Although the building permits in Punta Loros will allow for different architectural styles, the resort facilities will feature the elegant Spanish Colonial design. Up to 5,000 residential units will be constructed in Punta Loros over a four-phase period.