Marriott International just announced it will introduce the first JW Marriott Residences in Mexico. The oceanfront resort-style development is being spearheaded by Scottsdale-based NG Properties Mexico LLC.
Located along the Sea of Cortez in the 300-year-old town of Loreto, the JW Marriott Residences Loreto will encompass more than 800 feet of private beachfront shoreline and offer 201 whole-ownership condominiums. This future LEED-Certified Green Building is slated for first phase completion in 2010 and will be staffed and operated by JW Marriott, according to a Nov. 14 announcement.
The development will offer a number of residential options, including two, three, and four-bedroom condominium residences and rooftop penthouses. Prices will range from the mid $700,000s to more than $3 million.
NG Properties Mexico is based in Scottsdale, Ariz., as a subsidiary of Pinnacle Diversified, LLC. The firm is led by developer Neil Ginsberg, who has developed more than 60 residential, commercial and resort real estate projects over the last 24 years. Current projects include CopperWynd Resort & Club in Scottsdale and the residences of Tuscany at McCormick Ranch in Scottsdale.
"We are thrilled to be working with the JW Marriott Residences team on our Loreto project," said Ginsberg, developer and co-managing partner of the JW Marriott Residences Loreto. "We knew we wanted to design a private residence community in a spectacular beach location and also offer resort-style amenities with a highly personalized level of service for homeowners.
With their extensive experience managing Ritz-Carlton Residences worldwide, this relationship was the natural choice for our Loreto project. We know we have the best for our residents with the JW Marriott Residences brand at the helm."
The JW Marriott Residences Loreto will feature a two-story lobby with mezzanine lounge, business office, concierge service and a plush 35-seat movie theater with reclining leather chairs. Beach Club amenities will include expansive freeform resort pools with wet and turf sunning terraces, a beachside spa grotto, swimming beaches and an infinity-edge pool for adults with swim-up bar.
Families and children will enjoy a central game pool, dedicated kids pool with waterslides, lazy river float and beach entry, an aquatic center offering small watercraft and snorkeling gear, indoor game room with billiards and video arcade, and an Adventure Center with multi-purpose sports court, climbing boulders and sand playground. Completing the amenity offering is a full-service spa and state-of-the-art fitness center, beachside restaurant, an 18-hole putting course, ample covered parking with the option of private garages, and more. There is also easy access to five neighboring islands whose white sand beaches frame the Bay of Loreto National Marine Park.
"This is an exciting new opportunity to extend the JW Marriott Residences brand," said Stephen Mudge, executive vice president of mixed-use and residential development for The Ritz-Carlton Hotel Company of Marriott International, Inc. "This is an experienced developer and a charming location. Loreto, Mexico has a unique, viable culture and marketplace, and the location, friendly residents and responsible development practices all make it an ideal vacation home destination."