BajaNomad - $16M New Development in San Felipe

$16M New Development in San Felipe

CortezBlue - 4-12-2011 at 08:54 AM

From San Felipe.com

Last week, an agreement was announced to invest some $16 million dollars in construction of a four-tower condominium complex on 70 hectares of land north of San Felipe. The investment group, Organización Ramírez, considers that San Felipe has great potential as a future tourist port. The proposed development involves the construction of 4 condominium towers and a residential subdivision with private pool and all amenities. Construction could begin this summer.

mtgoat666 - 4-12-2011 at 09:20 AM

Quote:

Originally posted by CortezBlue
From San Felipe.com

Last week, an agreement was announced to invest some $16 million dollars in construction of a four-tower condominium complex on 70 hectares of land north of San Felipe. The investment group, Organización Ramírez, considers that San Felipe has great potential as a future tourist port. The proposed development involves the construction of 4 condominium towers and a residential subdivision with private pool and all amenities. Construction could begin this summer.

"tower" that means high rise or something above 3 or 4 levels, eh?

all that open space and people want to be in a high rise... incredible!

i suppose if you lived in a high rise you could get above the blowing sand :lol:

Baja.BBQ - 4-12-2011 at 09:21 AM

CortezBlue, have you heard where at North of San Felipe?

capt. mike - 4-12-2011 at 10:00 AM

Construction could begin this summer

hahahahahahahah.
man that's funny.

CortezBlue - 4-12-2011 at 11:57 AM

Quote:

Originally posted by Baja.BBQ
CortezBlue, have you heard where at North of San Felipe?

No but a good friend of mine lives at PDO against a wall that backs up to a vast amount of open land.
I always kid him that the first Walmart in SF will be built behind that wall.

So, guess what, it appears that maybe that is where it will go??

Or at least that what I will make him think :biggrin:

sancho - 4-12-2011 at 04:26 PM

Quote:

From San Felipe.com

San Felipe has great potential as a future tourist port.

As slow Real Estate sales are in SF as well as the US,
I find that proposal absurd. Are they saying sales of
condos/homes in San Felipe are currently anything
other than stagnant? I forsee another empty shell of
a 1/2 finished bldg, complete with the grand entrance
they always manage to complete to attract the potential
buyers

akshadow - 4-12-2011 at 04:37 PM

sounds like a government financing arrangement. Profit is all taken up front, land sale, planning, design and units for the officials. If nothing ever sells maybe the developer has already gotten his profit.
I would be interested in the location too.

stevelaubly - 4-12-2011 at 05:32 PM

Anybody have any clue as to who will be doing this development?
Is it a newbie in the area or one of the majors already there?

805gregg - 4-12-2011 at 05:59 PM

Are they going to put in a sewage treatment plant or just dump it off shore like the rest of Baja.

Ohh, Is This Trump Towers Baja, Part II?

Gypsy Jan - 4-12-2011 at 06:02 PM

If you wish for any advice, here it is; keep your money in your bank account and look elswhere.

slimshady - 4-12-2011 at 09:53 PM

Buy a unit when the project is complete. A minimum deposit tha you are will to lose or walk away from is good.

Baja is littered with the carcasses of dreams and desires of people who invested in developments.

CortezBlue - 4-12-2011 at 10:09 PM

Quote:

Originally posted by stevelaubly
Anybody have any clue as to who will be doing this development?
Is it a newbie in the area or one of the majors already there?

If you read the entire article his name is in there.

I did some research and he is very well educated and most of it in the US and Europe!!

bonanza bucko - 4-13-2011 at 07:09 AM

The word "Port" is a small problem with this. A cruise ship would have to anchor at Consag Rock to be in enough water to float at low tide. Loooonnnnngg trip into town via a bunch of boats and then....what? No upscale stores?

There are three other "high rise" buildings going up in SF...been going up for about five years....not going up very fast....
BB:-)

Bajajorge - 4-13-2011 at 09:15 AM

Can McDonalds be far behind? :fire:

Quote:

Originally posted by bonanza bucko
The word "Port" is a small problem with this. A cruise ship would have to anchor at Consag Rock to be in enough water to float at low tide. Loooonnnnngg trip into town via a bunch of boats and then....what? No upscale stores?

There are three other "high rise" buildings going up in SF...been going up for about five years....not going up very fast....
BB:-)

Bajafun777 - 4-13-2011 at 08:04 PM

If it is not built, do not even think about pre-sales or become one of the many screwed over like the Trump's Condos. Had several people tell me what great investments they made on their Trump pre-sales and now they are in a lawsuit that will get them NOTHING!! Sad the developer got money up front claiming all kinds of B.S., as to why he did not have any monies left to give back and claiming it was not his responsibilty to pay it back either. LET THE BUYER BEWARE, BE CAREFUL--- BE VERY CAREFUL, I like San Felipe but the need for condos right now in this economy is just not real!! Take Care & Travel Safe-------"No Hurry, No Worry, Just FUN" bajafun777

mcfez - 4-14-2011 at 09:43 AM

I think the site is where some vacant bakery is located....next to a Bar B Q joint

There are few high rise sites under construction in San Felipe. Yes....all rusting away.

I seriously doubt any major scale construction plans for San Felipe...the economics just aint there anymore. Keep your change in your pockets! The ocean liner idea is a pipe dream or scam. There's no way a cruise liner can get that far up to SF. Hell....they'll pick Gonzaga Bay someday, it's a perfect inlet .....

[Edited on 4-14-2011 by mcfez]