The luxury tower boasts one bedroom lofts, two, three and four bedroom condominiums and penthouses; all with sound proof walls. The price per unit will run from $210,000 to $2 million. The goal is to market the property as a vacation home. Ayendy Marte of Group G&S says in a statement, "The country's economic growth is ideal for investing in Juan Dolio,…[it is] a tremendous value for anyone seeking that 'perfect' vacation home."
The tower's amenities include a pool, Jacuzzi, gym, Wi-Fi, a commercial and retail area, restaurants and a boutique spa. Las Arenas is 15 minutes from the Americas International Airport and roughly 40 minutes outside Santo Domingo.
The tower was designed by Jorge Mesa to have a panoramic view of the beach and vegetation. The tower will give 80% of the residents a view of the beach.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.