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Playa del Carmen Real Estate Gets Approval for Billion Dollar XIMBAL Project

The Secretary of Environment and Natural Resources (SEMARNAT) has given its approval for the Ximbal project, which is a part of the Mayakoba project. Ximbal project envisions 17,000 multi-family units with residential segments, golf courses, shopping centers, commercial spaces and other urban services.

The project entails an investment of over 1 billion dollars over the next 20 years. It is certainly the biggest investment of any kind in the region. Playa del Carmen region will see an increase in supply of real estate and rapid development of infrastructure.

The Economist magazine has mentioned that the housing development is urban oriented for multifamily housing and residential zones with golf courses. It is located on the area call El Jesusito with a surface of 409.25 hectares, where 278.97 hectares (68.17%) will be designed to develop and 130.28 hectares (31.83%) will go to conservation areas.

“The Ximbal project aims to meet housing demands in the region of Playa de Carmen, focused on social sectors as employees with access to Foviste or Infinavit  housing funds, the estimated demand is 22,749 homes, and for the middle class and private sector the estimated demand more than 7,000 homes. ” stated the Economist.

Due to the scale of development, its implementation is planned in four phases.

In a recent interview, Andrés Pan de Soraluce president of OHL Development, confirmed that in late 2013 the construction of this project will begin, “It is focused to provide housing for workers  of the Mayakoba hotel sector in general, so they do not have to travel so far to their workplace. The investment is approximately $ 1 billion USD.

The President of the Foundation for Investment in Riviera Maya ensures that this is the biggest project in the region. The Ximbal is devoted to housing, from the social interest units to the average semi-residential and residential houses. It is designed for different economical level segments to coexist in the same community. The Ximbal will be even connected via tunnels to the Mayakoba Resort; it will boost several segments of the economy.

“It will have one of the largest green areas in the region, with more than nine hectares, as it has a very clear objective of creating a community among the more than 70,000 projected inhabitants.”

Posted: Monday, July 1, 2013 12:57 AM by Jackeline Camacho


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