For those that have been around Puerto Vallarta for some time, they are probably familiar with the land above downtown Puerto Vallarta that has been known as “La Pechuga”. This would be the land in between the tunnel of the libramiento (above it) and downtown Vallarta.
There are have been a number of developers that have tried to put a deal together on this land, but something, usually landownership disputes, have held them back. Well the development group Grupo Real del Mar have straightened out the problems and will be going ahead with a development later on this year. An announcement as to what exactly they have planned will be coming out shortly. Its a great piece of real estate and its good to see a developer bullish about the market! This company has been very successful in real estate development and I’m sure they will be here as well. This isn’t the only project they will announce this year, there is one more, but I can’t let the cat out of the bay quite yet! But it involves another very important and well-known piece of land near Vallarta.