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The capital’s biggest ever tourism real estate US$1.0B project ready to start

Santo Domingo.- The upscale real estate project San Souci, on the mouth of the Ozama River and the Caribbean coast to cost around US$1.0 billion, is ready to start.

Outlet calls it the largest luxury real estate project to be developed in Santo Domingo, with an area of ??485,000 square meters of land now occupied by a naval base, right across from the Colonial Zone.

The project features 3,000 luxury residences, corporate offices, restaurants, a cultural center, hotels and other busineses, schools, clinic and a strip of beach and easy access to Santo Domingo’s historic center.

To start construction however requires the transfer of the naval base, which now occupies 70% of the land earmarked for the project, developed by leading investor Vicini Group, whose portfolio of developments includes industries, media businesses and banks.

Source: DT

July 23, 2015

Category: DR News |

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Last updated October 24, 2016 at 6:05 PM
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