Dominican Republic Real Estate - Caribbean Investments properties specialist

Guavaberry group president Jesus Rodriguez Sandoval has announced that this year will see the start of construction of a second Gary Player golf course at the Juan Dolio residential and vacation community. The second phase of the project, to be developed over a five-year period, encompasses the construction of new homes, bringing the total of the project to 3,000 homes, or an investment of approximately US$300 million. Rodriguez announced that in September, the development would open to the public a new polo ground surrounded by seven condominiums with 10 apartments each and construction would start on a mall with spaces for banks, restaurant, supermarkets and pharmacies to service the Guavaberry community and nearby real estate developments in Juan Dolio and Guayacanes. Also part of this phase two is the construction of a 60-room deluxe boutique hotel starting in 2007. A third polo course is scheduled to start construction in 2008.