$2.5 Billion Development Planned For The Maya Riviera
The Mayan Riviera has gotten another big project. Grupo Grand Coral has announced Grand Coral Riviera Maya which will be located 30 minutes from the Cancun Airport and five minutes from the coastal town of Playa del Carmen. The $2.5 billion project covers 561 oceanfront acres and will include restaurants, hotels, boutiques and an 18-hole Nick Price golf course.
The ambitious development is broken into multiple construction phases which are estimated to take place over the next ten years and $700 million has been invested to date. Already underway is Mareazul which includes 300 luxury beachfront condominiums, a spa, Botanical Zen garden with Mayan sculptures and a beach club with private cabanas.
The golf course will take approximately two years to complete and will include the Nick Price Residences, 123 units adjacent to the clubhouse and with course views. These properties will be available for full or fractional ownership. When the development is finished there will be close to 7,000 residences.
More than 75% of the land will be kept in its natural state or turned into recreational parks and gardens and all greenery removed during construction will be housed in a greenhouse until ready for replanting.