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Steve in Oro Valley
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Posts: 105
Registered: 11-14-2002
Location: Near Tucson
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201 unit Condo Project in Loreto coming
Today's WSJ has a story about a proposed J. W. Marriott managed condominium project in Loreto (right on the water)....
Neil Ginsberg, of Arizona is the developer...
Before obtaining a construction loan, he will have to get 30 buyers to plunk down 20% up front on the $750,000 (each) units...
Even tho times are tuff, Ginsberg thinks conditions will improve in February and at that time he will begin a sales push...
There is also mention of an improvement to the airport in Loreto....
My reaction: This is just plumb LOCO...
Steve in Oro Valley
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cajhawk
Junior Nomad
Posts: 64
Registered: 11-16-2004
Location: Ramona, CA
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This is in the middle of Loreto Bay at the old Whale's Inn site. I know a lot of the sales and marketing team. I wish them luck at this price point
and in this economy -- hope it works out!
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capt. mike
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Steve and CA Jayawk- do you have contact info on Ginsberg?? website, project name etc.?
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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Steve in Oro Valley
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Location: Near Tucson
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Hi Mike:
He is a Scottsdale real estate developer and apparently is a University of Arizona graduate and native of South Africa....
Is Tuscany Villas in your area? About 6 yars ago...
I googled using "Neil Ginsberg condo"
Steve in Oro Valley
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Steve in Oro Valley
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Posts: 105
Registered: 11-14-2002
Location: Near Tucson
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Mike:
There is a J. W. Marriott website which mentions 201 units:
liveloreto.com
Steve in Oro Valley
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capt. mike
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thx Steve, i got him thru the SDL office. Google to the rescue again.....
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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wilderone
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http://spanopartners.com/proj-marbella.html
looks like a freakin Cancun all-inclusive. too bad
"hope it works out" Why? there aren't enough condos and hotel rooms cluttering up the Baja gulf coastline?
I hope there's no air service. I hope they can't get the buyers. I hope there's a huge hurricane that increases the federal shoreline by 50 feet. I
hope SEMARNAT puts an end to it. I hope the citizens and government of Loreto protest the drain on water and electric services. I hope they get
stuck with an empty beach and no takers.
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capt. mike
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aww.....come on Wilderone...don't sugar coat it, get off the fence...tell us how you really feel!!!
i applied with them today. if hired i'll be sure to voice your concerns.
but me thinks not to worry....i don't think these will be going like hot cakes anytime soon with USA RE in the tank!!
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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elizabeth
Senior Nomad
Posts: 742
Registered: 7-30-2004
Location: Loreto, BCS
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| Quote: | Originally posted by cajhawk
This is in the middle of Loreto Bay at the old Whale's Inn site. I know a lot of the sales and marketing team. I wish them luck at this price point
and in this economy -- hope it works out! |
I don't...
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Phil C
Senior Nomad
Posts: 564
Registered: 3-27-2004
Location: N. San Diego County/ Loreto Centro/Lopez Mateos
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What was wrong with the old Presidente on that site that was torn down? It was "all inclusive" except maybe for clothing.... had great landscaping and
pools. Guess we need more, bigger, better.......or worse.
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gnukid
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Posts: 4411
Registered: 7-2-2006
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There are already so many unsold homes across the region? I would estimate that there are 50,000 proposed homes unsold from Loreto to La Paz? Mexico
is always so optimistic in light of the non-existent travelers and lack of loans and cash for these purchases? I like optimism, reminds me of my dog.
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vandenberg
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These condos will go from a measly $ 700.000 to 3 mil.
Should keep us common folks out of the market.
However, some of these early retiring CEO's could well buy the lot for their "now impoverished" families.
They already put a 10 ft wall around the place to keep out the riffraff.
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bajamikey
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Posts: 106
Registered: 4-6-2008
Location: Newport Beach,CA/San Josa Del Cabo
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Mood: baja with a cold pacifico
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what.... baja needs another mini loreto bay!.............nada!!!!!!!!!!!
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Von
Senior Nomad
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Location: Poway-Rosarito
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HEY! Where were they passing the drugs at? When they decide to build and price these C-O-N-D-O-S.......
READY SET.....................
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Pescador
Ultra Nomad
Posts: 3587
Registered: 10-17-2002
Location: Baja California Sur
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| Quote: | Originally posted by vandenberg
These condos will go from a measly $ 700.000 to 3 mil.
Should keep us common folks out of the market.
However, some of these early retiring CEO's could well buy the lot for their "now impoverished" families.
They already put a 10 ft wall around the place to keep out the riffraff. |
No, actually, the wall is to keep the riffraff from the citizens of Loreto and its environs. Imagine what could happen if all of those CEO's and
shysters were turned loose on the local population. 
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CaboRon
Ultra Nomad
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To hell with the condos ...
What Loretto really needs are hotel rooms ....
CaboRon
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capt. mike
Elite Nomad
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Amen Ron. i am not against condos per se but i firmly believe Loreto can use some competitive hotel rooms. and now i see the old Mission has gone time
share............suckers all.
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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capt. mike
Elite Nomad
Posts: 8085
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sorry the link is truncated
http://www.marketwatch.com/news/story/JW-Marriott-First-Resi...
you need to copy it all into your browser, clicking on it won't work.
it is the WSJ on line blurb.
[Edited on 11-14-2008 by capt. mike]
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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k-rico
Super Nomad
Posts: 2079
Registered: 7-10-2008
Location: Playas de Tijuana
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Think of all the places you can go if you have 3/4 of a million dollars to spend on a condo!
I'd be headed for Hawaii or a Caribbean island and looking for a house in a tropical setting. You know, where it's green, paved streets, maybe a
bookstore, some entertainment, etc.
Loreto is a nice place relative to other places in Baja, but this plan is crazy.
"Even tho times are tuff, Ginsberg thinks conditions will improve in February"
Sure..................
[Edited on 11-14-2008 by k-rico]
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Udo
Elite Nomad
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Location: Black Hills, SD/Ensenada/San Felipe
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$700,000.00 will buy a very nice PREVOST.
Just my two centavos
Udo
Youth is wasted on the young!
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