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Artist's conception of Mayakoba. Artist's conception of Mayakoba.

Mayakoba project has 17,000 housing units

Spanish developer plans $1 billion project in Playa del Carmen

The developer of the Mayakoba hotel and tourist development in Playa del Carmen has begun a new project called Ciudad Mayakoba, a huge residential and commercial development on the Riviera Maya.

The first phase will require an investment of US $250 million but by the time it’s finished in 17 years’ time the total will have grown to $1 billion.

Owner and developer OHL, a Spanish construction and engineering firm, plans to build a total of 17,000 housing units that will serve local residents, foreigners looking to buy second homes and the needs of the local social housing market.

It will be the first planned residential community in Playa del Carmen and responds to rapid growth and demand in the real estate market in the area during the past 10 years, says the developer.

OHL general manager Agustín Sarasola said the firm has projected that demand for social housing in the Riviera Maya will reach 22,749 units over the next five years. On top of that it expects the demand for residential and “residential plus” homes will total 7,000 in the same period.

The 409-hectare Ciudad Mayakoba is a concept with two parts, said Sarasola, a development model designed for the local population and another that responds to the market for residential properties built around a social club.

The three residential developments within Ciudad Mayakoba are Mayakoba Parks, which will include economical and middle-income housing along with commercial areas and amenities such as a civic center and sports club, the high-end Mayakoba Country Club built around an 18-hole golf course, which will also offer a social club and access to a beach club, and Senderos Mayakoba, to be built as “an environmentally responsible project” offering “an eco-chic lifestyle.”

The latter will be the first of the three residential projects to be built.

Source: Milenio (sp)

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