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 News from Around Banderas Bay | June 2007 
ICON Vallarta Sells Out Tower One in Just 3 Days
 Business Wire
| | Allure of world-class design by Philippe Starck draws group of international buyers. |
Related International and the Chartwell Group today announced the sellout of Tower One of ICON Vallarta, surpassing planned sales objectives for the initial release. It took just three days to sell the initial 130 properties offered, which generated more than $70 million in revenue.
At a groundbreaking event on Friday, June 22nd attended by more than 500 guests—including internationally renowned designer, Philippe Starck—Jorge M. Perez, chairman and founder of The Related Group, announced that as a result of the great success of Tower One, the company will be early releasing a limited number of properties in the second tower in order to meet the current high demand.
"The success of the initial sales event of ICON Vallarta exemplifies the emerging trend of international buyers seeking dynamic, exclusive second homes," said Jorge Perez, Chairman of The Related Group. "ICON drew US and Mexico clientele who were captivated by the style and flair created by Philippe Starck, one of the foremost designers in the world."
ICON Vallarta is an upscale, oceanfront condominium located in Puerto Vallarta, featuring the world-class design of YOO by Philippe Starck and exterior design by Bernardo Fort-Brescia of renowned architectural firm Arquitectonica. Prices of the one-, two- and three-bedroom residences offered ranged from the $200,000s to more than $1 million.
The new luxury development brought to life by Related International, a division the Related Group, together with the Chartwell Group, appealed to buyers who are eager to own a stylish and distinctive brand of Mexican real estate. The resort is situated on just under five acres of oceanfront property located just minutes from downtown Vallarta's world-class restaurants and galleries.
Based on the earlier than anticipated sales results, a limited number of properties are being released for Tower Two. For information visit IconVallarta.com or call 877-295-4266.
About The Related Group: Established in 1979, The Related Group is the leading builder of luxury condominiums and the leading developer of multi-family residences in the United States. The company is ranked as the largest Hispanic-owned business in the United States according to Hispanic Business Magazine, with a current development portfolio valued in excess of $10.7 billion, and reported sales of more than $3.2 billion in 2005. For more than a quarter of a century, The Related Group has created innovative residential developments that have dramatically changed South Florida’s urban landscape. In addition to its core business of real estate development, the company operates its own real estate financing, sales and property management subsidiaries. For more information Related International or The Related Group, contact Jeneissy Azcuy at 305-460-9900 ext 430 or jazcuy@relatedgroup.com. Visit RelatedGroup.com. |
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