Grupo Del Sol Unveils First Phase of $18M Master Development on Isla Saboga
- Oct 19, 2009
Miami—Grupo del Sol has partnered with the Mexican architectural firm GVA & Associates and Dr. Dan Chiras of The Evergreen Institute to create an exclusive island destination located off of Panama’s Pacific coast.
“We have assembled an expert team to gently develop Isla Saboga in the most sensitive and unobtrusive way,” states Armel Gonzalez, president of Grupo del Sol. “In fact, all phases will be constructed on the coastal rim of the island, therefore less than one third of the land will be used for construction and the rest will remain intact.”
Isla Saboga, a $18 million master development, spans 755 acres. Isla Saboga’s first phase, El Encanto, which offers nature-inspired Oceanfront Estates and Beach Treehouse Villas, is already over 40 percent sold. # #Grupo del Sol is actively seeking like-minded developers and investors who are interested in creating new projects on the island. Only 15 development sites ranging from 2.5 to almost 40 acres along the coastal rim of the island are available for development. These sites have specific associated uses, such as condominiums, townhouses, fractional residences, single-family estate homes, and luxury and boutique hotels. A marina site is also available.
The infrastructure plan, which Grupo del Sol has already implemented on the island, includes initiatives for roads, water, sewage, electricity and a plumbing system. The water reserve, which is already in place, obtains fresh water in three ways: collection of rain water that is purified and stored in tanks, a freshwater well that gathers water from hundreds of meters below the surface, and a desalinization plant.
In addition to the power plant already there, Group del Sol and its team of experts is studying various energy alternatives on the island. Other eco-friendly initiatives include the repopulation of confiscated birds and iguanas as well as the replanting of trees and greenery.# #Isla Saboga’s first eco-luxury development, El Encanto, is nestled among tropical hardwood and rolling hills and will showcase Oceanfront Estate Villas and Beach Treehouse Villas, as well as a boutique hotel and spa wellness center. The homes are anticipated to reach LEED Platinum certification.
Five Oceanfront Estate Villas and 33 Beach Treehouse Villas are slated for completion in mid-2010. All of the homes will feature an open great room, spacious kitchen with granite countertops and stainless steel appliances, certified tropical hardwoods, as well as pergola-covered decks.