Gran Pacifica Resort Beach Community

Setting a Higher Standard with New Urbanism

Gran Pacifica Resort (GRP) is currently the largest property of ECI Development with clear title to over 3.5 miles (6 km) of beach frontage on the Pacific Coast of Nicaragua, 42 miles west of the capital city of Managua. The property includes 2,512 acres of rangeland with an average depth of 1.1 miles. To date, over $19 million have been invested in land, architectural designs, permits, civil engineering work and infrastructure. Phase 1 infrastructure is complete. 24 Spanish Colonial homes are complete and numerous more are under construction. The first 22 condos (Las Perlas) are finished, 56 more are under construction (Milagro del Mar). A beach club, bar and restaurant are now serving residents and guests alike.

Golf

18 holes of golf are under construction with the first 9 holes open for play in December 2009. Under the direction of Tommy Haugen, rolling rangeland by the sea was transformed into a spectacular golf course with 4 holes out of the first 9 playing to, along, or away from the ocean. Views and direct ocean play at Gran Pacifica’s golf course will be unparalleled in Nicaragua and rival many of the best courses in the region for challenge and beauty.

One of the key ways to drive value to property off the ocean is by building amenities that create a desirable address. There are many ways to do this from equestrian centers, to commercial areas, to parks, to golf. Gran Pacifica will utilize these and others over time, but immediately, golf is the prime method of driving value off ocean and creating a prized amenity for residents and visitors alike.

Tommy Haugen has created the Pacifica Golf Club by transforming rolling range land by the sea into a spectacular ocean play course. His skill for utilizing the natural beauty of the property and harmonizing it with the need for a challenging course are demonstrated in the course opening December 1, 2009. The following photos highlight the construction process during the past two years.

Investment

$19 M (2000-2009)

Main Products

Single family homes, oceanfront condos, town center condos, golf home sites.

Present amenities

Las Perlas Beach Club House (2007), Ocean side restaurant and bar (2007), 18 holes golf course under construction with Club House and tennis courts (2009).

Future Amenities

International hotel, marina, spa, health center, colonial commercial plaza, additional restaurants, shops, equestrian center.

Investments / Project’s Progress

Investment as of December 2009: $19 million
11 KM public road all weather upgrade
Bridge crossing the river at property’s entrance
23 KM 3-phase power line to property
2 kilometer Boulevard from bridge to Phase I
Cobblestone streets and old Chicago style brick sidewalks
Underground utilities: electric, water, sewer, storm drain system
Fiber Optic Telecommunications to the home
18 hole golf course by Tom Haugen under construction
Nursery with more than 45 species and 6,500 plants
Hotel schematic 60% complete by Zürcher Architects
Tax exemptions approval by the Nicaraguan Institute of Tourism (INTUR)
Environmental approval by the Ministry of Natural Resources (MARENA)

Additional factors supporting rapid sales and revenue projections

Homes and condos complete with full time residents on property
Golf course creates a large number of premium lots in addition to the beach lots
Title insurance is available from U.S. based First American Title
Financing for buyers, up to 80% broadens the pool of qualified clients for lot ownership

Beach and Golf Community Now!

Excellent Pacific beach
Location, location, location (1 hr from International Airport)
70% of Phase 1 sold out
Over 100 contracted homes
90% of clients have 2-year building requirements from time of
purchase
18 hole golf course open 2009
Beach Clubhouse and ocean view pool and restaurant-bar (NOW
OPEN)
Concierge services (tours, shopping, tutors, food stocking, property & rental management)
Golf, surf, horseback ride, swim, fish, site see, and much more…

State of the Art Infrastructure

Paved streets, brick sidewalks, parks, street lights
Underground utilities, hydrants, drainage systems
Water treatment system and pressurization
Fiber optics to homes, internet, phone, cable TV

Beautiful Nicaraguan Architecture

Master plan by UDA (designer of Disney’s Celebration,
Pinehurst)
Spanish Colonial architecture
Colonial downtown inspired by colonial cities Granada & Leon
Tile roofs, wooden porches, courtyards, ceramic details

Quality of Maintenance

Home Owner’s Association management
24 hour security, garbage pick up
Private municipal maintenance

Customer Choices

Oceanfront and town center condos
Customized homes and several models to choose from
Turn-key home construction
Pre-approved financing (homes, lots, condos)
Oceanfront, golf course, village, and park addresses

Vision and Higher Value

Strategic planning: downtown plaza, restaurants, spa, 5-star hotels, boutique hotels, marina, championship golf course, reforestation program, environment protection, social community programs (Rotary, USAID grants)