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Rio San Juan, about an hour east of Cabarete, a small town on the water, ,worth the trip to check out the lagoon, not much there
What is the actual location for the new Ritz Carlton Cabarete?
Not much news about this project, but lets hope they do not privatize La Boca too
According to Decreto Nº 337-19 issued 23 September it looks like they got their building permit from president Medina
Dec. No. 337-19 that authorizes the commercial company Connemara, SRL, to make use of a part of the 60 meters of the maritime-terrestrial strip and a part of the 30 meters of the Yásica River, to develop the Ritz Carlton Reserve Project , Dominican Republic, at the mouth of the Yásica River, facing the Atlantic Ocean, place Boca Yásica River, Cabarete, Sosúa, Puerto Plata. G. O. No. 10956 of October 1, 2019
https://do.vlex.com/vid/decreto-n-337-19-818589497
According to Decreto Nº 337-19 issued 23 September it looks like they got their building permit from president Medina
Dec. No. 337-19 that authorizes the commercial company Connemara, SRL, to make use of a part of the 60 meters of the maritime-terrestrial strip and a part of the 30 meters of the Yásica River, to develop the Ritz Carlton Reserve Project , Dominican Republic, at the mouth of the Yásica River, facing the Atlantic Ocean, place Boca Yásica River, Cabarete, Sosúa, Puerto Plata. G. O. No. 10956 of October 1, 2019
https://do.vlex.com/vid/decreto-n-337-19-818589497
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If you have facebook access you can watch this video which objects due to the environmental implications. Like Encuentro it is probably to little to late.
https://www.facebook.com/detrasdelrumor/videos/566080353938030/
Video resume :
Come on brothers, let's fight for ours
Sosùa, Cabarete.- Attention they try to destroy the most complete contribution that Mother Nature has given us.
This video is more contains a call to the population and the authorities to develop more than 20 villas in this place, means the elimination, the death of this important Econsystem, the disappearance of the most complete Biological Community of the entire North Coast of the country.
https://www.facebook.com/detrasdelrumor/videos/566080353938030/
Video resume :
Come on brothers, let's fight for ours
Sosùa, Cabarete.- Attention they try to destroy the most complete contribution that Mother Nature has given us.
This video is more contains a call to the population and the authorities to develop more than 20 villas in this place, means the elimination, the death of this important Econsystem, the disappearance of the most complete Biological Community of the entire North Coast of the country.
They have to start construction soon, according to their press release
The program at the La Boca, Ritz Carlton Reserve Dominican Republic will debut in 2021, with the opening of the highly anticipated resort.
If only the source of the Ritz Carlton Reserve Dominican Republic came from Ritz Carlton themselves. Not a single mention of it on their Ritz-Carlton Reserve NEWS PAGE. http://news.ritzcarlton.com/category/ritz-carlton-reserve/
Surely, if it was going to happen it would be listed here.
I don't trust the FB pages or local media who continue to brag about this.
Surely, if it was going to happen it would be listed here.
I don't trust the FB pages or local media who continue to brag about this.
I have a hard time to understand that someone requesting & getting granted a building permit (look at post #63) is just 4 fun.
It costs real money to do that, especially in that location considering the environmental considerations.
What is your opinion regarding president Medina signing the building permit, it did not happen?
I am not saying it will happen, but that plans exists is beyond doubt
https://www.arecoa.com/protagonistas/2019/03/19/hotel-ritz-carlton-reserve-puerto-plata-sera-unico-clase-elementos-ecologicos-perfectos/
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You are right, I believe.
About a month ago I was in the US. Struck up a conversation with a stranger. He mentioned that the week prior, he lost $30,000,000 USD in a town in the Dominican Republic named Cabarete.
Turns out he was the owner of the land where Amber Cove was to be built on the east side of town. He planned on building a high end resort. Had the plans. Had the website. Had the big New York investors who were not to put in a penny until actual construction began. Had the architect and builder.
The man hired to handle to project was the assistant to this man- has managed many similar projects in the past. He had traveled to Cabarete on vacation with his wife. Had a few drinks on the beach at night. And talked this boss into investing in this "great" opportunity.
What they didn't expect was how difficult it would be to navigate doing business and building in the DR.
The week before I spoke to this man, his investment was lost when the land went up for auction and was sold. He stated that it was the largest financial loss of his life.
I will keep his name private, as he also agreed to donate a nice sum of money to Strength for the Journey.
And THAT will be a good investment!
Doing business in the DR certainly was a learning experience for the man you met Lindsey. As I understood what you wrote, they did not end up using his land east of Puerto Plata for Amber Cove, but rather another one west of Puerto Plata where it was built. I didn't quite follow how the land he owned ended up going up for auction after he paid $30 Million USD for it and somehow lost that money.
As for the Ritz Carlton Reserve and La Boca, time will tell. One must be patient, like how long it is taking in Sosua for things to happen, but it cannot be denied that changes were and are being made there. Dates are fluid in the DR and money must find the right pockets for it all to work. I think the project is real, but will believe it when it opens, whatever year that may be.
As for the Ritz Carlton Reserve and La Boca, time will tell. One must be patient, like how long it is taking in Sosua for things to happen, but it cannot be denied that changes were and are being made there. Dates are fluid in the DR and money must find the right pockets for it all to work. I think the project is real, but will believe it when it opens, whatever year that may be.
I think the $30,000 was his total loss - after working years on the project, including his labor costs, the website, courting investors, etc., etc., etc. I cannot imagine that this property had a value of $30,000,000USD
He put the land up for auction after he realized that he would never complete the original plan.
How does one put land up for Auction? For sale, yes. Auction? Maybe he lost 30k on the sale?
What would be hard about auctioning of a piece of property that he owned? If you want to sell quicky, an auction could be the way to go, especially if it's an absolute auction. An outright sale could have taken years.
Want to sell the traditional way, hurry up and wait for the right buyer to come along. Want to get out quick, put the property up for auction and take the most you can get on a particular day - then walk away.
I retold the story as I remembered it and as I understood it.
I could not believe that I even met up with this guy. We were outside the DR. He happened to own a house next to the house where I grew up. He is good friends with 2 members of my board. AND I happened to be in a working man's bar (eating pizza) - a place where a woman could not even set foot a couple of years ago and certainly not a place where I would expect to meet someone like him who would then make a large donation to my foundation.
I didn't believe him entirely until I checked with the our two mutual friends who confirmed that yes, his pockets are extremely deep.