Plaza Renacimiento
Lifestyle & Art Center
What is Plaza Renacimiento?
IT’S MORE THAN A SMART INVESTMENT It is a commercial development that fuses art and culture. "Art is good for the soul, nurtures the spirit and inspires the imagination." — Craig Hall — Successful Businessman (Entrepreneur)
What is Plaza Renacimiento?
IT IS A TOURIST ATTRACTION A Lifestyle Center in which work, luxury living, shopping, and entertainment is enjoyed by both tourists and locals in an atmosphere of beauty, culture and creativity. This center will become a major Tourist Attraction. “Travel, tourism, and culture instantly become more than hobbies; they’re our best hope of understanding.” — Joshua Cooper Ramo — Author of the “AGE OF THE UNTHINKABLE.”
Los Cabos
Los Cabos •!
Located less than two thousand nautical miles south of all major California feeder market hubs, Los Cabos continues to be the Mexican tourism destination with the second highest airlift and the first in terms of total real estate sales revenues peaking at $0.75 billion. Located along the southern most tip of the Baja Peninsula, most of which is separated from mainland Mexico by the Gulf of California (former Sea of Cortes). Los Cabos encompasses the towns of Cabo San Lucas and San Jose (the municipal seat) and boasts a population of approximately 250,000 residents as per statistics of 2007.
Location
The Site
The Site The parcel consists of a total of 4.5 hectares (11) bisected by a central road donated by the GP to the municipality of Los Cabos in 1994. Located almost at the mid point of the touristic corridor of los Cabo between the Main Avenue and the road currently being improved that feeds the main hotel strip and beachfront in Cabo San Lucas which is located approximately 2.5 km from downtown Cabo, the Marina and approximately 200 meters from the ocean. The Cabos strip currently has a total of 8000 hotel rooms that are in the 2 mile radius from the site.
The Concept
The Concept The opportunity entails the development of a midscale Mixed Use project that is closely tied to an Art Institute and that has the following salient characteristics: •!
Master Planned to insure the balance of the complementary uses.
•!
Right Scale – The project will fill a market niche that is not currently being served Location – Located between San Lucas and San José Competitive Differentiators – Art as a programmatic component
•! •!
Components The architectural concept and distribution of space bring an elegant and well-balanced fusion of the antique and the modern. The warmth and human feel of the materials as well as the dimensions, proportions and style of the classical architecture of the haciendas and buildings of Colonial Mexico strike a dynamic contemporary mix between structures of comfort and technology with the touch of natural materials and elements that bring warmth and creativity.
•! Boutique Hotel •! Residential •! Retail – Office
93,085 sq. ft. 128,414 sq. ft. 140, 521 sq. ft.
Financial Highlights Based on preliminary projections the projects financial performance would be the following: •! Residential Sales Revenue •! Retail/Office Rental Income •! Hotel Room Revenue
$101,526,497 $3,892,000 per year $5,760,000 per year
•! Total Project Costs
$71,415,898
•! EBIT Margin
$30,110,599
•! Project IRR
29.7%
Site Plan Level 1 TO DOWNTOWN CABO SAN LUCAS
TO SAN JOSE
HOTEL ENTRANCE PLAZA EL 8vo DIA
INSTITUTO INTERNACIONAL DE ARTES
E CR
AT
IO
N
S
CU
LP
TU
RE
PLAZA EJECUTIVA
PLAZA DE LAS ESCULTURAS
STR E E TS PL A Z A & W A L K W A YS HOTEL C O M M E R C IA L G ARD E NS & TR E E S
TO
WN NTO DOW
HOTEL RIU
F O U N T AI N S CONDOS IN S TIT U T E O F A R T S
F IR S T L E V E L
Site Plan Level 2
PL A Z A & W A L K W A YS HOTEL C O M M E R C IA L F O U N T AIN S G ARD E NS & TR E E S CONDOS
2 D 0. L E V E L
Site Plan Level 3 & 4
PL A Z A & W A L K W A YS HOTEL C O M M E R C IA L F O U N T AIN S CONDOS
3 E R. L E V E L
Opportunity •! The General Partner is offering Limited Partnership interests in the partnership for a total of $30,457,949.17. •! The General Partner will make an in-kind contribution of the 3 hectare land parcel at a valuation of $10,500,000 MILLION to the partnership or 15 % of the Total Project Cost. Project funding is scheduled to close on or before Q4 2010. •! We are currently looking for an initial $1,000,000 from one or various investors to finalize the pre-development phase of the project. For this initial investment the GP is offering a 5% participation in the Limited Partnership. •! Initial Investment will be protected by an ownership stake in the land. Should project be deemed viable or not fully funded in 5 years, land will be sold and initial investors will receive $2,000,000 of the land sale revenue.
Opportunity •! For further information regarding this opportunity please contact: Ramir Camu 214-876-8627 rcamu@theeyeworks.com