Full Description

Icon Vallarta with interior design by Philippe Starck

The Opportunity at a Glance

• 3,5 acres development with 300 m / 1,000 ft of beachfront along Banderas Bay
• Great location: fronting the Pacific Ocean with exclusive beach access and minutes away from historic downtown Vallarta
• Philippe Starck is designing ICON Vallarta. He is without a doubt one of the most well-known and sought-after interior designer in the world.
• Impressive range of facilities including a 122 m / 400 ft. infinity-edge pool, Spa, restaurant
• The seven ocean view villas with private pool decks face the beach and the ocean.
• Extremely affordable with prices starting at US$297,000
• Furniture packages by Philippe Starck
• A well known and experienced developer

Location

Located on the pristine shores of Bahía de Banderas in Puerto Vallarta on Mexico’s Gold Coast, ICON Vallarta is probably the most exciting, luxury beachfront real estate opportunity on the Pacific Coast. ICON Vallarta will consist of three 26-story high-rise luxury towers comprised of 336 condominiums with seven spectacular ocean villas fronting the Pacific Ocean.

This new luxury condominium development will showcase the artistry of one of the most renowned interior designer firms in the world, Yoo by Philippe Starck. Combined with the architecture of the award-winning firm Arquitectonica, Starck’s influence will ensure that ICON becomes the most stylish and trendy condominium property to date in Mexico.

The first phase of sales completely sold out in three days (over 130 suites), breaking condo sales records for Puerto Vallarta and all of Mexico.

Everything that you would expect at a top 4-star hotel - except here you’ll own it.

Facilities will be second to none and include:

• Spa with four treatment rooms
• 122m / 400 ft. infinity-edge pool
• Cabanas
• Fine-dining restaurant
• Juice bar
• Gym, appxox. 279m² / 3,000 sq.ft
• Outdoor Temascal steam shower in the garden

Stylish Residences

There will be three 28-story beachfront towers consisting of 1, 2 and 3 bedroom full-ownership apartments, penthouses and in addition seven poolside villas. All units will have ocean views.

1bedroom apartment 115m² / 1,237 sq. ft.

2 bedroom apartment 141m² / 1,519 sq. ft.

2 bedroom apartment + Den 177m² / 1,903 sq. ft.

3 bedroom apartment 268m² / 2,888 sq. ft.

4 bedroom penthouse > 399m² / 4,300 sq.ft

2 bedroom villa 277m² / 2,986 sq. ft.

The above measurements include outdoor space.

The residences include spacious and airy living rooms with modern glass to ceiling sliding doors opening into outdoor living terraces, stunning views of the ocean and the mountains, Italian designed kitchens with ultra modern stainless steel appliances (microwave, dishwasher, oven, fridge) and sumptuous stone clad bathrooms with spacious closets. Each apartment will also have at least one parking space.

All the apartments will have terraces or balconies and full-length windows, and many will be reached by private elevators. There will be rooftop terraces and private pools at the villas.

The Development Team

ICON Vallarta is designed by the internationally acclaimed architect Arquitectonica, and with interiors designed by the world-renown firm of YOO by Philippe Starck , Icon Vallarta will be the ultimate in luxury condominium living in Puerto Vallarta.

The project is being developed by ‘The Related Group’, the US’s leading builder of luxury condominiums, and ‘Grupo Chartwell’, a leading real estate developer in Mexico.

Pricing

1 bedroom apartment US$297,000-$400,000

2 bedroom apartment US$500,000-$600,000

2 bedroom apartment + Den US$500,000-$600,000

3 bedroom apartment US$800,000-$925,000

4 bedroom penthouse US$1M+

Villa US1M+

Foreign purchasers receive a public deed for the individual condo unit they purchase. Under Mexican law, the property is acquired by a Mexican Bank as Trustee for the Fideicomiso for the benefit of the beneficiary of the trust, therefore, you will have the exclusive right to use, sell, transfer or will your property as you see fit. A Mexican Fideicomiso is not a lease; it is a form of ownership in which real property is transferred into a trust for the benefit of the owner or beneficiary.

The service charges/maintenance fees are estimated to US$2.50 per sqm per month.

The property tax is approx. US$500 per annum.

The closing costs are estimated to 3-5%.

Payment Schedule

$10,000 due at Reservation

10% at Contract Signature

10% approx. 21 days after contract signature

10% at Top Off of the structure of Tower 2 (pouring of the 26th roof slab). Summer 2008.

70% at Closing of the unit For Tower 2, completion is scheduled for late 2009, early 2010