Miami, FL -- (SBWIRE) -- 12/09/2009 -- Group Metro, Dominican Republic’s Leading Real Estate Company established in Juan Dolio, Receives a $20 Million Construction Loan for Costa Blanca Development from
Banco De Reservas De La República Dominicana
Group Metro, one of the leading real estate and transportation companies in the Dominican Republic, recently received a $20 million construction loan from Banco de Reservas de La República Dominicana for Costa Blanca, an exclusive residential golf and beach community located in the Juan Dolio region. With construction well underway, this generous $20 million loan will be allocated to complete the Founder Residences and surrounding areas of Costa Blanca. www.costablanca.com.do
“The 52 exquisite Founder Residences are moving along at a rapid pace most recently reaching the rooflines,” stated Luis Jose Asilis, CEO of Group Metro. “The 18-hole Greg Norman Signature Golf Course is also progressing at a steady pace. The irrigation system has already been completed for the first nine holes and we expect them to be ready for grassing before the end of the year,” he added.
Spanning 580 acres along the coastline of Juan Dolio Beach, just twenty minutes from the Santo Domingo International Airport, Costa Blanca is a billion dollar development that will encompass luxurious residential homes, retail, a full-scale mega-yacht marina, an 18-hole Greg Norman Signature Golf Course, private beach and other sporting components. The private golf club house will feature the Hole 19 Bar, fine dining restaurant, cigar lounge, pro shop, conference center, and more.
The General Manager of Banreservas, Daniel Toribio, has confirmed that by approving this loan their Board of Directors is committed to the growth of the real estate market in the Dominican Republic. More specifically in the tourist areas, and therefore they are pleased to partner with Group Metro, a solid and respectable company in the real estate and construction industries, to complete the first phase of Costa Blanca in Juan Dolio.
The Founder Residences have enjoyed tremendous success, with 45 of the 52 Villas already sold. Residents of the Founders are part of the exclusive Founder’s Club, which presents numerous benefits. The Founder’s Club package includes a luxurious 4,500 sq. ft. private villa with golf, bay or marina views, as well as two condominiums, a private boat slip in the marina, and membership to the prestigious golf club. Members of The Founder’s Club will also enjoy top VIP treatment in addition to various properties and onsite amenities.
About Group Metro
Group Metro has established a formidable international reputation throughout its four decades of experience in transportation, tourism and real estate. From its landmark property, Metro Country Club, to the oceanfront condominium developments of Costa del Sol, Marbella, Costa Blanca and Las Olas, Group Metro has become the definitive company for real estate and tourism in the Dominican Republic. Led by CEO, Dr. Luis Jose Asilis, the company has played an integral role in putting the Dominican Republic on the map as a top Caribbean destination. Further, Group Metro will be one of the first developers in the Dominican Republic to provide flexible financing to buyers. For more information, visit http://www.www.groupmetro.com, http://www.metrocountry.com or http://www.costablanca.com.do.
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