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
Dominican Republic – December 22, 2009 –
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 these first nine holes 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 www.groupmetro.com,
www.metrocountry.com or www.costablanca.com.do.
