Sackman Enterprises, Inc. Announce Development Plans for Cabarete

Cabarete, the sun-soaked beach town in the Dominican Republic, has been on the radar of those in-the-know for years. Now, Sackman, Enterprises, Inc. is set to bring this jewel to a wider market.

Miami, August 15, 2008– Cabarete, the sun-soaked beach town in the Dominican Republic, has been on the radar of those in-the-know for years. Now, Sackman, Enterprises, Inc. is set to bring this jewel to a wider market. Conveniently located only 20 minutes from the Puerto Plata International Airport, Cabarete on the northern coast has become the ultimate destination for trend setters, adventure seekers, and those looking for a blissful escape from the everyday. With more than 40 years in the real estate market and an earned reputation of quality in business and development, there is no better or more prepared company to create the first spectacular development in the area than Sackman Enterprises, Inc.

Sackman Enterprises, Inc. began its business by focusing on the restoration of historic brownstones in Manhattan and has continued to thrive by rehabilitating historic buildings and incorporating traditional “Old World” features into new construction properties. Possessing a portfolio of over 80 developments spanning the globe, the company has created truly stunning and unique properties such as Somerset in Turks and Caicos (www.thesomerset.com) and The Lodge at Keyah Grande (www.keyahgrande.com). With an attention for detail and a high-regard and respect for the traditions, culture, and preservation of the area, Sackman Enterprises, Inc. is poised to bring The Fountains, a magnificent condominium, retail plaza, and resort community to Cabarete.
Sackman Enterprises, Inc. recently held a meeting in Manhattan to showcase some of the real estate developments in their impressive portfolio and discuss this grand project. In a showing of support and interest, the Minister of Tourism from the Dominican Republic and the Governor of the Province of Puerto Plata personally flew up to Manhattan to meet with top Sackman executives, Carter Sackman and Jamie Hefelfinger, as well as Sackman Development Partner, Trip Brooks. The esteemed attendees discussed the project and all of the positive impacts that it will have on the area.
The Fountains will be the realization of over sixteen months of planning and research and a future investment exceeding sixty million dollars (USD $60,000,000.00). Development Partner Trip Brooks states, “With the current administration including President Leonel Fernandez, Minister of Tourism Felix Jiménez, Provincial Governor Cesar de Los Santos, and the Sub Secretary of Tourism Bernardita de Fenke, the government has created a stable atmosphere and positive market in which to develop such a project. We have unwavering confidence in the country’s administration. Their show of support and the efforts they took to visit us in New York to ensure that the project and its developers are sound speaks volumes about their care and concern for the area. The Fountains will truly be a result of love for the area and an unmatched expertise in the development of real estate.”

Expected to break ground Mid-September 2008, The Fountains will feature one, two, and three bedroom units, all with indulgent spa bathrooms, 24-hour concierge service, and a modern chef’s kitchen. The Fountains will house a sprawling “Plaza Level” featuring retail shops, a cinema, open air kiosks, sitting areas, exciting water features, and a state of the art stage for outdoor concerts and other entertainment and social events. When fully constructed, the mixed use project will include an approximately 500 space sublevel parking facility, a Condo Hotel, featuring deluxe guest rooms and suites, lobby bar, rooftop terrace and bar, restaurant, a stunning infinity pool and numerous hot tubs with mountain and ocean views.

Source: www.bignews.biz

Popularity: 34% [?]

It’s the most visited island in the Caribbean, and now property investors have the chance to benefit from the Dominican Republic’s popularity with a new project on the east of the island, located in the Punta Cana region, currently the most popular and well-served tourist area in the country.

The development, which is called Swaying Palms, offers spacious two bedroom apartments from as little as 140,000 US dollars, and 210m² penthouses priced at 197,000 US dollars. Combined with an excellent location, the units at Swaying Palms offer the best property investment package available anywhere in the Caribbean, according to Mark Wilson from the International Property Investment Network (IPIN) – the investment arm of Propertyshowrooms.com.

“The location is second to none,” says Mark. “Just two minutes from a new modern highway, three kilometres to the beach, and 15 minutes drive to an international airport with easy connections to the United States and Europe. There are even ongoing discussions for direct flights to and from the United Arab Emirates and China. It’s no surprise then that this area is set to become the island’s prime residential location. In terms of investment, it doesn’t get much better than this.”

For sports enthusiasts there are nearby golf courses and a tennis club. Additionally, owners receive free membership to selected sports and leisure clubs. Other facilities include community swimming pools, 24-hour security, WiFi access, designated off-street parking, and an on-site rental management service.

Mark Wilson again: “This development offers sound rental potential within one of the largest Caribbean holiday destinations, with an estimated 7% rental yield per annum. The twelve month holiday season in the Dominican Republic allows for the highest possible returns in this respect, making it particularly attractive for investors.”

The Dominican Republic is a stable representative democracy, modelled on a US-style presidential system. That stability has led to considerable economic growth, combined with low taxation, low prices, and increased tourism. With that kind of backdrop in place, property investment in the Dominican Republic represents an excellent opportunity to make the most of an unrivalled list of favourable economic indicators.

And Swaying Palms, in conjunction with IPIN, is setting a benchmark in the region which will be hard to beat - truly ‘the cream of the Caribbean.’

Source: www.easier.com

Popularity: 44% [?]

The Dominican Republic is not quite a tropical paradise - but wed say that in a lot of ways it comes pretty close. Predictions are that the DR (as it is often referred to) will go from strength to strength over the next few years as visitors find out just what a wonderful wealth of exciting activities and landscapes it has to offer. Often called the Caribbeans best kept secret, this soubriquet will become less appropriate as visitors increasingly recognize that nowhere else amongst neighbouring holiday island hot-spots can beat the DR for value!

The Dominican Republic is not quite a tropical paradise - but wed say that in a lot of ways it comes pretty close. Predictions are that the DR (as it is often referred to) will go from strength to strength over the next few years as visitors find out just what a wonderful wealth of exciting activities and landscapes it has to offer. Often called the Caribbeans best kept secret, this soubriquet will become less appropriate as visitors increasingly recognize that nowhere else amongst neighbouring holiday island hot-spots can beat the DR for value!

From - whale watching to bird watching; exhilarating sea fishing (for big game like marlin) to gentler pastimes such as world-class snorkelling; terrific terrain for hiking and cycling; adrenalin pumping sea-sports like windsurfing and kiteboarding to just as much excitement inland, from whitewater rafting, canyoning, caving, jungle trekking, mountain climbing…and so on!!!! The DR offers all this and so much more.

But lets not forget what many people visit the DR for - the sun, sea and sand! With well over 300 soft, white, typically tropical beaches (many virtually deserted much of the time) the DR is probably the best place in the Caribbean for these too. Amongst them you will also find Cayo Levantado, the original setting for the taste of paradise beach, familiar to many as the home of a certain well known coconut filled chocolate bar!

Along with wonderful tropical forests, waterfalls, mountains (Pico Duarte is the highest in the Caribbean, and thats the pinnacle of the largest of five mountain ranges in the DR) and even desert areas, the DR has something for every taste. It also has superb Parques Nacionales and many unspoilt, and untouched areas. In fact the DR is a pretty big place so is by no means as over developed and as touristy as the majority of its Caribbean competitors (except maybe in one or two ‘well known resort areas).

The Island of Quisqueya (on which both the Dominican Republic and Haiti now reside) was home to the remarkable Tainos before it was discovered in 1492, by Christopher Columbus, and renamed Hispaniola. It is therefore not short of historically and culturally fascinating attractions. For example, the capital, Santo Domingo, is the oldest City in the New-World, and a visit to the ‘old town’- the Zona Colonial - is a must on that day away from soaking up the sun that almost inevitably shines no matter what time of year you take your vacation.

Whilst in the capital, there is also few better places for the sports enthusiast to take in a superb game of baseball, or ‘beisbol’ as the Dominican call their national game. A game about which they are fanatical almost to a man (and woman). In fact several of the major Dominican cities host fine quality teams that frequently feature those local star players who have also made it big in the American Major League game.

It is certain that the more that those visiting the Dominican Republic can be encouraged to escape from their ‘all-inclusive’ compounds and take the independent traveler route in order to discover the real DR, the more that both the tourists and their wonderfully welcoming and friendly Dominicans hosts will be happy! Like Columbus himself, they might find it the most beautiful land they have ever seen…and decide to stay!

Ruth and Esther Ramos, www.visiting-the-dominican-republic.com Copyright 2005, All rights reserved.

Article must be published as is (unedited) and with the author’s bio paragraph (resource box) and copyright information included.

Source: www.rafting.exsportz.com

Popularity: 32% [?]

Property outlook is great and real estate tourism is booming in the Dominican Republic, says the forecast from the Dominican Association of Real Estate Tourism Companies (ADETI).

U.S. $1.5 billion is invested in real estate property developments in Dominican Republic, says the ADETI President, Juan Bancalari. The real estate tourism prospective is even more upbeat considering the fact that it is expected to attract US$3.0 billion per year within three years.

Marinas, beaches and golf courses are the leading factors that make  real estate tourism and investment in the Dominican Republic so attractive. However, the country has competitors such as the wonderful beaches of Mexico and Central America. For this reason Bancalari, the president of Dominican Association of Real Estate Tourism Companies, says that the country needs to project an image of security for real estate and other types of investments to develop tourism and properties for European and American holiday vacationers.

It seems that the projection of a secure investment environment is working. As real estate development is experiencing a slump in Florida, a local engineering company is looking not only outside of the box, but also outside of the U.S. borders. “Bonita Springs-based Stafford Engineering will open the doors of a new office in downtown Santo Domingo, the capital of the Dominican Republic, on Tuesday and begin offering architectural, engineering, real estate, construction management and business relocation services in the Caribbean Island country.” – reports Naplesnews.com in its July 31, 2007 issue.

The newspaper says that “Other Southwest Florida businesses also are moving into Caribbean markets, Garcia added: Cape Coral-based Bellagio Homes and SJR Development are developing a residential community in the Dominican Republic, and The Jack Parker Corp., a Fort Myers-based real estate development company, is building a mixed-use community in Costa Rica.”

There is a change in tourism and holiday vacationers’ trends. According to Frank Rainieri, the vice president of ADETI, tourism is changing toward real estate tourism. “Before hotels were simply pure hotels. All the large chains of the world (…) are already entering the tourism real estate component. I believe that that already creates the new dynamics of investment in the tourism sector.” - Dominicantoday.com.

Tourism, and particularly real estate property tourism, has been among the top five currency generating factors for Dominican Republic. It was this type of tourism that created the boom in the coastal areas of Southern Spain in 1970s and 1980s, which used to be Spain’s most economically depressed areas. Today, due to the real estate tourism and boom in properties, these have become some of Spain’s most developed and attractive areas. The Dominican Republic intends to do just the same by attracting more real estate tourism and emphasising  that investing in the Dominican Republic’s real estate and property market is safe and secure.

Source: http://www.westindies-realestate.com

Popularity: 26% [?]