Grupo Grand Coral,a Spanish property developer backed by Spanish financial
houses Bancaja and Banco de Valencia,announced last month that they will invest
$2.5 billion in their new Riviera Maya real estate
The 561 acre oceanfront development,Grand Coral Riviera Maya,
is located 30 minutes from Cancun Airport and five minutes from Playa del Carmen.
at Grupo Grand Coral,said,“This master development presents a great
opportunity to developers and investors to be in an impressive gated community
with multiple real estate options.”
The plan is to blend notable brands,
resorts,a Nick Price golf course,entertainment,retail and restaurants,to
create a "grand oasis" on the Riviera Maya.
The developers said it is the
largest investment in Mexican Caribbean and will showcase more than 6,900
residences at its completion.
Mareazul luxury condos at the Grand Coral
are already available for pre-sale.