Anonymous - 8-19-2004 at 11:48 PM
http://www.globest.com/news/98_98/global/125716-1.html
By Brian K. Miller
August 19, 2004
CABO SAN LUCAS - A 1,200-acre resort will be constructed here by developer JMJ Development of Dallas and Bonito, CA-based Pueblo Bonito Hotels and
Resorts. The two companies recently agreed to terms for Cabo Pacifica, which will include two championship golf courses, hotel sites, condominiums and
individual home sites.
Eliud Garcia, the vice president of Latin America operations for JMJ, tells GlobeSt.com the site is five minutes from Downtown Cabo on the western tip
of Baja, adjacent to Pueblo Bonito?s 55-acre Sunset Beach resort. The landowner is a principal of Pueblo Bonito Hotels, he says, and JMJ will be the
fee-based master developer.
The project, estimated at several hundred million dollars, is scheduled to break ground this fall and take about 10 years to build out. However,
Garcia tells GlobeSt.com that that development schedule could be cut by as much as half if a deal being negotiated with ?a major US developer? is
consummated. The unnamed company would come in and develop much of the residential housing, says Garcia.
The 1,200-acre property includes between eight and 10 hotel sites, says Garcia, some of which likely will end up being condominium developments or
fractional ownership properties. The sites will either be sold to a hotel developer, or developed by JMJ to suit a particular hotel operator. The
development also includes a retail center currently planned at around 100,000 sf, he says.
JMJ Development, a subsidiary of JMJ Holdings, is a real estate development firm, which partners with private landowners in developing real estate
projects throughout the world. JMJ currently is developing two ultra-luxury hotel properties in Mexico at Punta Mita and Playa del Carmen, and at the
same time developing properties in Colorado, Texas, Brazil and Indonesia. For Pueblo Bonito Hotels and Resorts, one of the main developers of high-end
time-sharing properties, Cabo Pacifico is its first venture in the resort development aspect of the tourism industry.
If they keep this up,
jrbaja - 8-20-2004 at 08:25 AM
Lands end may just be moved up to the La Paz area. All that new weight may just cause Los Cabos to sink!
surfer jim - 8-21-2004 at 07:56 AM
...not to worry ...us gringos are good swimmers.....
free recipes
thebajarunner - 8-28-2004 at 08:20 PM
With each home purchased, a free recipe book "1001 delightful dishes concocted from salt water"
And seawater grass lawns to match.
Baja Arriba!!
New PB Development in Cabo
Anonymous - 8-29-2004 at 06:47 AM
OK, I may be wrong here, but the area I'm picturing based on the description at the start of this thread ("..Eliud Garcia, the vice president of Latin
America operations for JMJ, tells GlobeSt.com the site is five minutes from Downtown Cabo on the western tip of Baja, adjacent to Pueblo Bonito?s
55-acre Sunset Beach resort. ..") sounds an awful lot like it's smack dab in the middle of an arroyo that floods out EVERY year!
Unless the site is farther "upstream", like right behind the new "zona de tolerencia" and the rodeo ring, I'm thinking it's right between the Sea of
Cortez and the bridge that gets rebuilt every other year, where you turn north towards Todos Santos. I hope they've got a plan for dealing with all
that water!
I'll check with my next-door neighbor in Todos Santos (He works at P.B. Sunset Beach) and post again if I've got info!
Cameron