Phoenix-Mesa, AZ (1888PressRelease)
March 20, 2008 - The article focused on the extraordinary natural beauty of Loreto Bay's location "between the charismatically craggy Giganta range and the spookily glassy Sea of Cortez". It also highlighted the developer's determination that "everything will be built to the highest standards of environmental sustainability."
Describing a village-type community requiring minimum car use, the Times noted Loreto Bay’s plans for environmentally positive features such as solar-heated hot water, electric golf carts, a wind farm and a desalination plant.
New York Times writer Jim Atkinson interviewed residents of Loreto Bay who described the homes as “uniformly airy and bright, with rooftop terraces facing the ocean or the mountains (in some cases, both), finished out with tile flooring, granite countertops in the kitchens and marbleized bathrooms.”
The Times reports that Citigroup has recently taken ownership of Loreto Bay, and that the new management “insists that the environmental commitment remains.” Meanwhile, according to Atkinson’s article, early residents are reporting satisfaction with their decision to buy this Mexico real estate: “All estimated that their initial investments had nearly doubled,” he writes.
About the Villages of Loreto Bay
Marking a new departure in Mexico real estate, Loreto Bay is designed as a 5-star luxury community based on principles of environmental sustainability. When completed, the 8,000-acre community will feature 6,000 homes priced from the mid $300s. Planned amenities and activities include three golf courses, tennis clubs, a marina and opportunities for hiking, kayaking, whale-watching and other outdoor activities. Loreto Bay is managed by Replay, whose executives are responsible for several of the world’s most successful resort communities.
