Out of Florida

Florida developers are busy on out-of-state projects, but they say that reflects on unique opportunities they've found rather than a judgment about Florida's future.

Mike Vogel | 10/1/2007

The Related Group

Above, Icon Vallarta,
Puerto Vallarta, Mexico

At right,
Jorge Perez

Jorge Perez’s Miami-based The Related Group, the nation’s largest luxury condo developer, plans to invest $1 billion in Mexico over the next two years, first with a 343-unit oceanfront condo project in Puerto Vallarta and then onto Acapulco, Cabo San Lucas, Playa del Carmen and Zihuatanejo. It’s looking into Costa Rica, Panama, Colombia, Argentina and Uruguay.

Jack Parker Corp.

Above, Pacifico,
Playas del Coco,
Costa Rica

At right,
John Reisman

In 2004, John Reisman, president of Fort Myers- and New York-based Jack Parker Corp., visited a retired friend in Costa Rica and saw an opportunity for the company’s first venture outside the U.S. The company had plans for a 1,000-unit De Soto County development but put them on hold and concentrated on Pacifico, its 175-acre community in Playas del Coco, Costa Rica. Residences run from the $180,000s to the mid-$600,000s. The project through early August racked up $29.9 million in sales and is well ahead of its projected pace of 100 sales a year, says Senior Vice President Kerry Trowbridge. Floridians account for 14% of Pacifico sales.

« PREVIOUS 1 2 3 NEXT »

Tags: North Central, Housing/Construction

Florida health care providers adjust to largest U.S. drug shortage list in recorded history

Florida teacher pay drops to 50th in country

Now might be the time to move to Florida as inventory levels surge and sellers slash prices

Florida invests $850 million to advance Everglades restoration

For SUBSCRIBERS

READ THE May Issue » Access An Issue

FLORIDA TREND MAGAZINE

· LAST MONTH'S ISSUE · SUBSCRIBE NOW! · BUY A SINGLE ISSUE · GET DIGITAL ACCESS

Florida Business News

The cost of dying is going up, leaving some Florida families scrambling
For many, end of life arrangements come with sticker shock. Without preparation, these major expenses can leave families to do cruel math, weighing how to honor their loved ones against the realities of their budgets.
Florida sues over new rule expanding background checks for gunshow, online sales
Florida filed a federal lawsuit against the Bureau of Alcohol, Tobacco, Firearms and Explosives and the Department of Justice, challenging a new rule that broadly redefines who is considered a firearms dealer, claiming it exceeds regulatory authority.
Florida tops in percentage of financing applications by women-owned businesses
New data shows that 2023 was an active year for women-owned businesses in Florida seeking financing.
DeSantis sticks fork in lab-grown meat
Gov. Ron DeSantis on Wednesday signed a controversial measure that will bar selling or manufacturing lab-grown meat in Florida and prevent local regulation of electric-vehicle charging stations.
Are reciprocal insurance exchanges an answer for hard Florida market?
Florida’s hardened insurance market is attracting new insurers who aren’t household names and may not have their financial wherewithal, generating some questions about their ability to respond to a hurricane or other severe weather event.