Well, the Marina Pez Vela project has been a decade in the making and anyone who is remotely familiar with the area has probably heard the myriad of rumors surrounding this landmark development. As a local resident and professional in the area, I have been a witness to the first announcements of the project and all of its progression to date. Though this project, like any of this size and complexity, has certainly met some obstacles along the way, there is no doubt that the project is nearing is first phase of completion and is going to be a landmark both for Quepos and the Central Pacific region.
While other areas of Costa Rica bore witness to some of the biggest explosions in terms of development and construction, the Central and South Pacific regions, arguably the most beautiful regions of all of Central America were left to a more boutique and steady development pace. Though during the boom days it felt like this region was lagging behind, the more deliberate pace of development in the region has proved to be a blessing. With arguably the purest supply and demand dynamic in the country for a developed touristic destination, and the Marina Pez Vela project now entering its final stages of construction, Manuel Antonio and this region is in one of the best positions in all of Central America for a positive growth pattern in teh coming years.
No area of the world has been or will be immune from the global swings economically, but the general malaise in the majority of real estate markets around the world makes for a interesting case study. The hottest of hot spots is now the epicenter of the crisis, while markets who boom day growth was lackluster, are proving to the solid markets for hte foreseeable future. Since i have a couple of kids under 5, it is our version of the Tortoise and the Hare... While Manuel Antonio and the Marina Pez Vela haven't been the fastest or flashiest destinations in Costa Rica, their steay growth, focus on quality and resiliance are proving to be elements laying the foundation for ongoing success in the future..
Here are some images of the Marina, from day one until now..http://www.youtube.com/profile?user=marinabuyer#play/uploads
Until the next time..