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The Sculpin
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It's Official, it's Fadesa in Loreto
Fadesa to Invest 4 Billion Euros in Mexican Resort (Update1)
By Joao Lima
May 28 (Bloomberg) -- Fadesa Inmobiliaria SA, a Spanish real estate company, will build a 4 billion euro ($5.4 billion) resort in Mexico, adding to
three other projects the developer has in that Latin American country.
The complex will be located in Loreto, in the Mexican state of Baja California Sur, and will include more than 6,500 homes, a marina, hotels and golf
courses, La Coruna, Spain-based Fadesa said today in an e-mailed statement.
The project, called Loreto Paraiso, will target mostly U.S. and Canadian customers that are seeking a second home, the Spanish company said.
Fadesa is investing in hotels and tourist homes outside its home market after benefiting from a housing boom in Spain which is now slowing as demand
is curbed by rising borrowing costs. The developer has also started projects in Morocco and in Eastern Europe.
To contact the reporter on this story: Joao Lima in Madrid at jlima1@bloomberg.net .
Last Updated: May 28, 2007 07:17 EDT
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elizabeth
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Another report....
28 de mayo de 2007, 13h10
Fadesa construirá en México el mayor complejo turístico de su historia
Santiago de Compostela, 28 may (EFE).- El grupo inmobiliario gallego FADESA construirá en el Estado mexicano de Baja California Sur, el mayor complejo
turístico de su historia como empresa, en el que invertirá alrededor de 4.000 millones de euros, según informaron hoy fuentes de esta empresa.
Santiago de Compostela, 28 may (EFE).- El grupo inmobiliario gallego FADESA construirá en el Estado mexicano de Baja California Sur, el mayor complejo
turístico de su historia como empresa, en el que invertirá alrededor de 4.000 millones de euros, según informaron hoy fuentes de esta empresa.
Este complejo turístico, denominado "Loreto Paraíso" es un "resort" de gran envergadura situado en el Mar de Cortés (Océano Pacífico).
Fuentes empresariales indicaron en un comunicado que se trata de una actuación sin precedentes, una firme apuesta de FADESA por México como país de
enormes posibilidades, tanto en el apartado turístico como de primera vivienda.
El "resort" será ubicado en la localidad de Loreto, la ciudad más antigua de Baja California Sur, situada a 350 Km. al norte de su capital, La Paz,
una zona de playas y acantilados salvajes, considerada un paraíso para amantes del buceo, pesca, avistamiento de ballenas y snorkel.
El apartado residencial de Loreto Paraíso lo integran aproximadamente 6.500 viviendas, entre apartamentos, villas adosadas, pareadas y aisladas,
mientras que el componente hotelero se caracterizará por su variedad.
Ofrecerá más de 7.000 habitaciones distribuidas en hoteles de lujo, gran turismo, hoteles boutique, también ofrecerá propiedad fraccional, tiempos
compartidos y condohoteles.
El complejo se completará con cuatro campos de golf, que contarán con el diseño de las grandes firmas de este deporte, una marina, grandes zonas de
ocio y animación, zona de servicios, así como una importante zona de conservación ecológica.
Con el proyecto de "Loreto Paraíso", son ya cuatro las actuaciones de FADESA en México, país donde tiene en marcha otro complejo en la propia Costa
del Pacífico y otros dos en las ciudades de Guadalajara y San Miguel de Allende
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Loretana
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Spanish Development
Say goodbye to San Bruno.
Triste!! 
"If you want to find the secrets of the universe, think in terms of energy, frequency and vibration."
-Nikola Tesla
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capt. mike
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where is this compared to loreto bay?
formerly Ordained in Rev. Ewing\'s Church by Mail - busted on tax fraud.......
Now joined L. Ron Hoover\'s church of Appliantology
\"Remember there is a big difference between kneeling down and bending over....\"
www.facebook.com/michael.l.goering |
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DENNIS
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Baja California has cancer. How far will it spread before the Baja we all know and love is dead?
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Loretana
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San Bruno
Capt. Mike...
San Bruno is 30 klicks north of Loreto by boat.
There are some very distinctive cliffs when seen from the water.
It is also one of the best spots for yellowtail, and is renowned locally for roosterfish, cabrilla, and pargo.
With Loreto Bay to the south, and now this Spanish Development to the north, we're being hemmed in!!
Yikes! 
"If you want to find the secrets of the universe, think in terms of energy, frequency and vibration."
-Nikola Tesla
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capt. mike
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ok, i know just where that place is! flew right over it last month bringing a patient back to mulege from la paz hospital. my right seater spotted it
and asked me what it was - i didn't know and didn't have a ref map with me.
that bay is gorgeous!! there were campers and moored sail boats about, a perfect place for a resort.
i'll watch this one to see what becomes.
formerly Ordained in Rev. Ewing\'s Church by Mail - busted on tax fraud.......
Now joined L. Ron Hoover\'s church of Appliantology
\"Remember there is a big difference between kneeling down and bending over....\"
www.facebook.com/michael.l.goering |
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Loretana
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San Bruno
Capt. Mike,
You certainly saw San Bruno in all its' glory.
There is a world class mangrove swamp there teeming with birds and underwater creatures and...............I'm getting depressed just thinking about
it!!
I think we'll go up there to fish tomorrow, and love it for all its' worth. 
"If you want to find the secrets of the universe, think in terms of energy, frequency and vibration."
-Nikola Tesla
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Crusoe
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And..........Dont forget what the Villas Group has planed for Ensenada Blanca........This type of out of control expansion is really ridiculous for
this area because of the lack of water and infrastructure. Mexican political officials will most certainly sell out and be bribed to dish out permits
for large desal plants and that will be just like signing a death sentence for the Sea of Cortez. The brine will end up killing what marine life is
left. Even more riculous is the fact that there really is nothing all that great about Loreto as a world class resort area. Its very cold and windy
all winter, extreemly hot and humid in the summer months and dry as a bone the other niceer 5 months out of the year. Its real charm lays in the fact
it used to be a halfway authentic mexican town/ village. That will be lost forever.The only reason the developers are there now and are interested, is
because there is no where else left to go...... and it has a somewhat convienient location to So. California. Its all happening right before our eyes.
Maybe organizations such as Green Peace and Sea Watch-etc.,etc.. and the Surfrider Foundation can wake up more people to the urgency of stopping
this type of ruination of this pristine desert landscape. Its so short sighted. When its gone, its gone forever!! To bad.
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oldhippie
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I'm thoroughly depressed, really.
Should we start a lottery for how many weeks before Plaza las Glorias announces a hotel at El Requeson?
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oldhippie
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oh no, it's already there!
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Loretana
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Crusoe, it gets worse!
This site is what I got when I "googled" Loreto Paraiso.
Some freakin' paradise, eh?
http://www.jornada.unam.mx/2007/02/19/index.php?section=esta...
I can read and understand spanish, and I had to pour myself a fat glass of wine after I read this.
Yes, it makes one feel, ah, encabronado!!
"If you want to find the secrets of the universe, think in terms of energy, frequency and vibration."
-Nikola Tesla
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oldhippie
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I remember when it looked like this.
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oldhippie
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"there will be 260 thousand new inhabitants in the region", indicated Sergio Moral Pole, representative of the not governmental group in the Committee
of Municipal Planning" - computer translation
Don't worry about watering the golf courses. There's a fellow Nomad who claims all you need to do is spread the sewer water around. That should work.
My game stinks afterall.
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Crusoe
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Thank you Loretana for the website.......Hard to believe they also have plans for San Basillo and San Nicholas and Agua Verde.There is something very
bogus going on here. Time will tell......And Old Hippie.....Time has told it all to me....because when I was a young lad of 7 years old in 1949, I
learned how to surf at the Santa Ana River mouth. (It seems as only a few months ago)Its between Huntington Beach and Newport Beach. And now..... I am
a old man with alot of blue water under my keel.......Some time in the early 1960s we lost the river mouth as a prime surf spot because they needed
flood control for the building and development of Oarange County. I was last at the "Rivermouth" in 2006 watching human turds and toilet paper and
tons of cheap plastic debris, washing into the Pacific. I shed a huge tear.. Its all happening right before our eyes.!! SAD.
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bancoduo
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| Quote: | Originally posted by morgaine7
Is anybody familiar with FADESA's other projects in Mexico? Not that Guadalajara or San Miguel have the same environmental and infrastructure issues,
but it would be interesting to know if the developers are likely to show more insight than those in charge at Loreta Bay. Four golf courses, sheesh
... you gotta wonder where they're gonna get all the golfers, let alone the water to maintain the facilities.
Kate |
I lived in San Miguel in the 60's. It was a beautiful colonial town. I drove thru there 10yrs. ago. It
turned into a polluted sh*thole.
This is a town that is a designated Mexican national monument. "GOOD LUCK BAJA"
A historical Mexican town with fast food restaurants. Paradise for Gringo fat asses.
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oldhippie
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Crusoe,
"because when I was a young lad of 7 years old in 1949, I learned how to surf at the Santa Ana River mouth"
Wow!! really, WOW!! I'll read your posts with a new found respect. I'm an old surfer too and I know................well, you and the other surfers
here understand what I know and I can't possibly explain it.
When is the bomb going to be dropped on Conception Bay? Maybe Fonatur will do the raping without partners after all the other creeps have shot their
wad and made a trip to Loreto a TV game show prize. Come on down!
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Crusoe
Senior Nomad
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Old Hippie.......Thanks for the shot of Reqeuason. Looks almost as its out of some science fiction movie. Didnt fool me for a second though. Thanks.
At first I thought it was a cruise ship at one of my most loved beaches in Conception Bay. So it goes.......I spent many months there in the early
1970s camped in a small tent while on kayak trips or in a small open boat that was beachable, and later in a larger sailboat anchored off. It was a
special place where you could feed yourself from the sea very easily and every one was smiling all the time. Suuny every day and sheltered from the
strong winds......of life!!!!! ++C++
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DENNIS
Platinum Nomad
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Viva River Jetty surfers.
Crusoe -------- I remember when you took off in front of me and................
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The Sculpin
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Here is more on Fadesa, and their website
http://www.fadesa.es/index2.php?idioma=1
FADESA WILL BUILD THE LARGEST HOLIDAY RESORT IN THE COMPANY’S HISTORY IN MEXICO
La Coruña, 28th May 2007.- FADESA Group will build what it will be its largest holiday resort in the Mexican State of Baja California Sur: Loreto
Paraíso, a resort of considerable scope on the Sea of Cortez (Pacific Ocean), in which it will invest around 4,000 million Euros.
This project is unprecedented and shows FADESA’s firm commitment to Mexico as a country of vast possibilities for both holiday homes and first homes.
The resort will be set in the town of Loreto, the oldest town in Baja California Sur, situated 350 km north of its capital, La Paz. It is a very
exclusive area of natural beaches and rugged cliffs, regarded as a paradise for diving, fishing, whale watching and snorkelling enthusiasts.
The residential area of Loreto Paraíso will contain approximately 6,500 homes, including apartments and semi-detached, terraced and detached villas.
The hotel accommodation will be characterised by its wide variety, offering more than 7,000 rooms in luxury hotels, upper-upscale hotels, boutique
hotels, as well as fractional property, time-shares and condo hotels. The resort will also have four golf courses, which will be designed by the
greatest names in this sport, a marina, large leisure and entertainment areas, services area, as well as a significant ecological conservation area.
This holiday resort will also offer state-of-the-art services and is designed in line with sustainability criteria and a perfect integration with the
landscape and the environment. Loreto Paraíso is a very ambitious project aimed at the luxury market of mainly North Americans and Canadians, known as
snowbirds: people with high spending power looking for a second home in order to spend the winter months in warmer climates.
FADESA in Mexico
With the Loreto Paraíso project, FADESA now has four projects in Mexico, where it is already developing another resort on the Pacific Coast and
another two in the cities of Guadalajara and San Miguel de Allende.
Paraíso Litibú is the other resort that FADESA will promote on the Mexican Pacific, but this time in the State of Nayarit, at just 40 minutes from
Puerto Vallarta airport. The resort has an investment of 260 million Euros and is located along a 2-kilometer stretch of beach, on which the Spanish
company will build two luxury hotels to sleep 640, around 320 homes, including villas and apartments, a golf course designed by Greg Norman and beach
clubs. This project by FADESA is part of a Plan designed by the Mexican Government for the year 2025, which aims to turn Cip Nayarit into a top
holiday destination, similar to Riviera Maya.
In Guadalajara, the second most important and populated city in Mexico and capital of the State of Jalisco, FADESA has begun the construction of a
resort composed of approximately 600 luxury homes, including apartments and chalets, a luxury hotel and around 20,000 m2 for a large shopping area.
The project has an investment of 230 million Euros, and includes a gym, a spa, swimming pools, a Business Center and spacious green areas. In total,
this resort covers an area of 12 hectares, situated in an exclusive area with high levels of growth in Guadalajara, between Valle Real and Puerta de
Hierro. In addition, the resort borders the Lomas golf course and offers spectacular views over the course and the city.
FADESA’s third project will be located in San Miguel de Allende (State of Guanajuato), a treasure of Colonial Mexico situated at approximately 250 km
from Mexico City. The city has been given the rating of Pueblo Mágico (Magical Town) and is famous for its important artistic community from around
the world, its cobbled streets, its colourful houses and its patios; where the Spanish company will build 200 second homes and a Luxury Boutique Spa
Hotel, with a total investment of 48.5 million Euros. This resort is mainly aimed at the American and Canadian public and covers 28 hectares.
Madrid Real Estate Exhibition
FADESA will make this announcement at the Madrid Real Estate Exhibition (SIMA), which will run between 29th May and 2nd June, and where the company
has set up an avant-garde stand of 552 m2 on which it will display its entire offer of first and second homes, both home and abroad. FADESA will, at
SIMA, place special emphasis on its promotions in Madrid, as well as its golf, coastal and mountain developments, with Vallfosca Resort Ski & Golf
as the main protagonist.
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