DEVELOPMENT MILESTONES The completed milestones and development schedule for The Coral resor t, Nor theast Brazil
Completed Milestones The main boulevard at Lago do Mar, May 2013
2008
Site
selection and ownership in 2008
Conceptual
master plan approved
The Coral has already achieved many key development milestones since its conception. Most importantly, the resort has been granted planning approval and ground works to build the road infrastructure onsite is progressing well.
Best Development in Brazil 2009
in 2009
Planning approval
BEST DEVELOPMENT BRAZIL The Coral Lake & Beach Resort by BRIC Group
regranted in September 2013
Best DeVelopMent BrAzil the coral lake & Beach resort by Bric Group
Best Development in Brazil 2010
The Coral won the 5-star award for Best Residential Development in Brazil by the America Property Awards 2014-2015. The resort also won highly commended awards for Mixed Use Development, Architecture Single Residence for its Rustic villa design and Property Single Unit for it Modern villa design.
Ground works
started in January 2014
2015
2
WINNER OF
WINNER OF
WINNER OF
WINNER OF
RESIDENTIAL DEVELOPMENT AWARD in BRAZIL
ARCHITECTURE SINGLE RESIDENCE AWARD for the RUSTIC VILLA
PROPERTY SINGLE UNIT AWARD for the MODERN VILLA
MIXED USE DEVELOPMENT AWARD in BRAZIL
Sand dunes before Sunrise Beach, July 2014
As the development progresses through its development plan and
Price Increases
accomplishes key development milestones, plots at The Coral will be subject to price rises as the value of land increases.
Panoramic view of the road layout at Sunrise Beach, August 2014
The planned price increases for 450sqm plots is as follows: APRIL 2014
OCTOBER 2014
JANUARY 2015
Price rise to: US$34,100
Price rise to: US$36,175
Price rise to: US$37,260
Prices increased when infrastructure and utility
A price increase coincides with the licence approval
A price increase is expected to coincide with
building works were well underway.
and commencement of the show home build.
completion of the infrastructure and utility ground works.
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Water drainage pipes between quadras 7 and 5, September 2014
Development Schedule
INFRASTRUCTURE & UTILITY WORKS
SHOW HOME CONSTRUCTION
Estimated completion February 2015
Estimated completion April 2015
The infrastructure work plan includes ground
• Site of the show home to be on Plot 22 in quadra 5
works, roads, electricity and other utilities, such as: • Topography • Services infrastructure • Landfill • Transportation equipment • Excavation, loading, transporting and removal ground works to level the land
• Completion of the licence application to build the show home in October 2014 • Construction expected to begin November 2014 • Estimate build time to completion is 6 months
• Spreading, wetting and compacting of red sand for road foundations
The main boulevard throughout the site looking towards the lagoon, July 2014
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Ground works on the main boulevard at Lago Doce, April 2014
Works on the main boulevard at Lago Doce in the direction of the lagoon, April 2014
Ground works on quadra 31, April 2013
Development Schedule APARTMENT CONSTRUCTION
HOTEL AND ONSITE FACILITIES
Estimated launch date June 2015
Estimated launch date July 2015
• Architect designs begin in November 2014
• Construction of hotel, gymnasium, spa, retail and other onsite facilities
•D esign plans and blue prints pre-study to be completed by January 2015 • Licence application for apartment complex in quadra 3 with the beach club to be submitted February 2015 • Off-plan sales to start upon licence confirmation • Construction of first apartment complex scheduled to begin once 35% sold
• Architect designs begin in November 2014 • Design plans and blue prints to be completed by January 2015 • Licence application for the hotel in quadra’s 20 and 22 to be submitted February 2015 • Hotel suite sales to commence upon licence confirmation • Construction of hotel scheduled to begin once 35% sold LAGOON CLUBHOUSE Estimated construction mid-end 2015 The lagoon clubhouse will be one of the last onsite amenities to be completed.
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Building works on the main boulevard at quadra 47, April 2013
Ground works on quadra 45, May 2013
Building of the main boulevard through quadra 45, April 2013
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