Sotavento Luxury Residences

by Marbella de Chicago, Thursday, January 25, 2018, 08:42 (207 days ago)

Hi Rob, I heard this construction is finally getting off the ground after 3 years! Can you tell me your thought on this development? Are the folks behind it ethical? I guess I just need to know that I would not be purchasing something that is causing harm to Zihua. Anyone else have any thoughts on this?

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Sotavento Luxury Residences

by Timmac @, Steilacoom, WA, Thursday, January 25, 2018, 09:40 (207 days ago) @ Marbella de Chicago

I think there have been a couple of ownership changes since this project started many years ago. I would be VERY wary.We've not ben back yet this year, but for several years there has been no visable progress.

Sotavento Luxury Residences

by Zbulldog @, Thursday, January 25, 2018, 12:00 (206 days ago) @ Timmac

Typical high season promotion, "Coming Soon!"

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Sotavento Luxury Residences

by Talley Ho @, Thursday, January 25, 2018, 12:29 (206 days ago) @ Marbella de Chicago

It is now posted "Occupancy 2019."

Trevor is there every day selling units. He has loads of information, and has taken many deposits.

Starting last week, there is some activity going on, it appears to be earth moving at beach level.

They have a new website.

We are NOT involved in this project in any way, nor are we purchasers.

We would like to start a pool, 100p per entry, guessing the actual date of the first occupant moving in, but only if we can have the "date" we want first!!;-)

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Sotavento Luxury Residences

by Timmac @, Steilacoom, WA, Thursday, January 25, 2018, 15:26 (206 days ago) @ Talley Ho

Well, I could be interested, but I'd have to know that should I win, the money would go to my heirs as I figure I’ll only be around for 20 years or so.

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Sotavento Luxury Residences

by Talley Ho @, Thursday, January 25, 2018, 15:45 (206 days ago) @ Timmac

:megusta:

Forgot to add the time frame of in the next 2 years.....

Sotavento Luxury Residences

by OlsenMN, Thursday, January 25, 2018, 13:02 (206 days ago) @ Marbella de Chicago

Anyone stupid enough to pay a pre-sale deposit on a development that has gone bankrupt twice already deserves whatever comes their way.B-)

Sotavento Luxury Residences

by jaz, Thursday, January 25, 2018, 15:58 (206 days ago) @ OlsenMN

It has been in this state of "non-development"for many more years than 3, people have lost money and I would be wary to get involved,just my opinion.

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Sotavento Luxury Residences

by Curbarn, summer b.c. winter zihua, Friday, January 26, 2018, 21:58 (205 days ago) @ jaz

I am only aware of people who were refunded, and really did it go bankrupt? Or did the developer pull the plug and delay.?

Sotavento Luxury Residences

by DanCip, Monday, April 02, 2018, 13:42 (139 days ago) @ Marbella de Chicago

Hello folks just joined your Blog yesterday and have read all of your comments on the Sotavento Resort Condo's (sorry for the long posting). My wife & I had reserved a unit about 2 1/2 years ago and, at this point, we have not put any money down (ironically, Trevor would not take our money at that time - he only asked for a commitment letter from us). We love the opportunity to buy on LaRopa but we've been just as frustrated with the slow progress as it seems all of you are.

Let me give some positive feedback & some updates from what we know.

1) Trevor (who was with the project from the beginning) has always been responsive to our requests for updates. Yes, he's been guarded with his responses, but he's always been responsive. At times he has seemed as frustrated as we've been. Clearly he knows the whole sorted truth behind the failed projects & possible law suits by former "reservers". But we do give him credit for keeping a positive attitude while sticking with this roll-o-coaster project. We figure that if he was involved in a scam down there then he is the worst confidence man in the industry - what con artist would take 6-8 years to rip us off? Then hang around to address & arbitrate lawsuits.

2) My wife & I were down to La Ropa for a vacation 3 weeks ago and there is clearly construction going on. We met with and walked the property with Trevor & the lead Construction Foreman and they shared the updates of their progress and where they are headed next. We asked: Who are the money people? (they will be named soon - they are in the process of setting up a new LLC), Where are the new contracts? (very soon after set-up of LLC), Do they have the Operating Agreement yet? (coming soon with the contracts). Where there anymore issues with infrastructure entitlements? Etc, etc, etc....etc. So it appears that all information is pending on the announcement of who the new finance company will be (heard this before - Yes, but someone is spending money on site as we speak.

3) Construction is definitely re-underway. The work has started down at the beach level in preparation for the beach restaurant. Walls have gone up where and masseuses are gone. There were about 50 construction workers on site with heavy construction equipment (as an aside, and proof that construction has been going on this season - IntraWest (Embrac) next door had posted signs warning guests of construction sounds/noises). Trevor said they hope to have the building elevator in place before the end of this season. Looking to 14-18 more months of work (oh well that could mean 20-24).

That's pretty much what I have to share and would love to add pictures BUT I can't figure out how to paste them into this thread. If anyone can help I will be more then glad to share... (so far in my failed attempt to cut & paste - I've right clicked, then selected "Copy Image", then right clicked "Paste" but sadly received text graphic garbage (https://apis.mail.yahoo.com/ws/v3/mailboxes......blah, blah, blah..).