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 listin.com.do 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.
July 23, 2015
Category: DR News |