Ad Valora today announced that it has begun the planning and development for two major projects near San Felipe, Mexico, in Baja California on the Sea of Cortez.
The first project, Pelican Reef, is a 157-acre oceanfront property 38 miles south of San Felipe. Ad Valora plans to build 992 1,200 square-foot condominiums at this site, along with swimming pools, spas and a Club House.
The second project, called "Mexicarlo," is a hotel resort and casino. This Five Star Hotel and Casino will include 350 hotel suites, penthouses on the top floor, and a 40,000 square foot casino featuring all the popular gaming Americans find in Las Vegas and excellent restaurants and shops. Also at the site will be constructed an 18-hole professional golf course, club house and restaurant, and a marina on the warm, azure blue, Sea of Cortez waterfront with eventually more than 100 slips.
"Fishing is world renowned in this area which prides itself on 360 days of sunshine a year," said C.M. (Sonny) Ball, Chairman. "We are looking to break ground on these projects in mid-October 2007."
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Reader Comments:
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Ad Valora scam!
Pity the poor gullible American investor who is swindled by Ad Valora. There is no water but brackish well-water south of San Felipe--the area is a desert. And no electricity--American developments in the area are on solar power. It's absolutely hilarious that Ad Valora is promising hotels, condos and casinos in this area. Even San Felipe, 38 miles north, with electricity and water and several new developments, can not support this level of development. 2007-08-21 Kathy Keane |
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Ad Valora Announces Two Major Projects Being Developed in Mexico, Including a World Class Hotel and Casino
First of all, it would take an amendment to the Mexican Constitution before gamgling will be allowed in Baja California. San Felipe is in Baja California. I have lived here for 12 years and I've seen many scams come to our town. I'm not saying this is a scam, but there is no water nor electric 38 miles south of San Felipe, so how are they going to build 900+ units with a golf course? Buyer, use due diligence!! Kat 2007-08-03 Kat |
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Blogger
We don't have gambling here, so why would they build a casino. Where exactly is this new development? We just had a huge scam for Encantana, a proposed development on property that was not owned by the promoters. I notice there are no photos in your article. I would like to see where these new mega hotels will be built. Thank you. Kat 2007-08-03 Kat |
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