New Vision for Nicaragua's Seaside Mariana Oceanfront Community
NEW VISION FOR NICARAGUA'S SEASIDE MARIANA REFLECTS CHANGING MARKET CONDITIONS AND CONSUMER DEMAND
After four years of planning, the ground breaking Seaside Mariana Oceanfront Community is moving forward under an evolving vision that recognizes the profound changes in the world’s real estate markets and also the changing interests of individuals seeking an international lifestyle. Seaside Mariana now is planned around six individual neighborhoods set on 923 acres with over one mile of pristine Pacific Ocean beach.
Grupo Mariana, the Nicaragua-based organization developing Seaside Mariana, has effectively revamped its strategy to reposition its real estate products, hospitality offerings and community alliances in order to meet and serve the needs and desires of investors and travelers. “We have carefully watched the market situation and listened to what’s being said,” says Kevin Fleming, chairman of Grupo Mariana. “As a result, we have carefully rethought and reconfigured our master plan to reflect market realities and the shifting interests of consumers.”
The master plan for Seaside Mariana integrates a broader selection of residential options to widen the overall appeal. The community now includes low-rise beachfront condominiums, town homes and private bungalows in addition to the individual golf course home sites and golf villas featured in the original plan. Still an integral part of Seaside Mariana is a Jack Nicklaus Signature Golf Course, El Madroño, and Plumeria, a spa and health club. Future plans for growth of the Seaside Mariana Oceanfront Community also include a recently announced franchise agreement with Wyndham Hotels and Resorts, LLC, a subsidiary of Wyndham Worldwide Corporation (NYSE: WYN), to flag the development and operation of the 330-room Wyndham Mariana Resort & Casino within the community’s town center. Situated on 6 beachfront acres, the project will feature an oceanfront Wyndham hotel, casino, condominiums, casitas and golf villas.
TRULY AFFORDABLE REAL ESTATE OPPORTUNITIES
One new component, Laya Boutique Hotel and Bungalows, is an eco-conscious offering with 14 beachfront bungalows, with construction slated to begin in the first quarter of 2012. Pricing is another area that Grupo Mariana has seriously examined in order to reflect the current market. As a result, prices for condos in first low-rise building in the first phase of the Mariana del Norte neighborhood are set between $99,000 and $260,000.
5% FOR FUTURES PROGRAM
“Another aspect we are very proud of is our commitment to reinvest five percent of each real estate transaction at Seaside Mariana back into the economic development of the surrounding area,” Fleming says of Grupo Mariana’s 5% for Futures Program. “It’s a win-win to help drive economic growth and sustainability, which enhances the lives of local citizens and makes the entire area more attractive to investors and visitors.”
Nicaragua continues to gain recognition for its emerging economy, political stability and attractiveness to visitors, with tourism increasing over 300 percent over the last decade. International investment also continues to rise. These factors have enhanced the country’s status among investors and travelers.
Go here to learn more about real estate opportunities with Seaside Mariana Oceanfront Community.