| 2007-01-22
Bahia Escondida Continues Sales Success at Boat Shows
SOURCE Bahia Escondida
Bahia Escondida, a world-
class sport fishing and mega yacht marina-village development in Golfito,
Costa Rica, continued its tremendous success by recording more than $7
million in sales at the recent four-day San Diego Boat Show.
Sports fishermen and yacht owners at the annual boat show were
presented with dozens of spectacular fishing locations and exclusive
yachting destinations, but Bahia stood out to many as the perfect ownership
opportunity for the Californian fishing and boating lifestyle.
"We anticipated a strong market in Southern California, but were taken
aback that 90% of the visitors to our booth had visited Costa Rica, and
some 70% of those had been to Golfito," explained Phil Perko, president of
Digital Capital Group, the exclusive sales partner. "They were already
familiar with the area's environmental and sports fishing attributes, and
couldn't wait to own there."
Sales at the San Diego Boat Show ran the gamut from residential
condominiums to 50- to 120-foot marina slips. The positive response to the
development has led Digital Capital to plan a return to California from
March 7 to 11 for the Fred Hall Boat Show in Long Beach.
Bahia Escondida's reception in yachting and sports-fishing circles has
been strong since its introduction in 2006. In fact, the initial
overwhelming response led developers Jim Lynskey and Great American Capital
to redesign phase I of the project in order to incorporate more residences.
Weeks earlier at the Fort Lauderdale Boat Show, the Bahia sales team
secured more than $5 million in sales. Continuing strong demand prompted
Digital Capital to plan for a price increase, effective January 29.
"Owning a slip in Golfito makes a lot of sense for Southern California
boaters," says Richard Cipriano, vice president of Digital Capital.
"Traditionally, yachters and sports fishermen from this area will spend
about a third of the year at home in Southern California, a third of the
year taking advantage of the fishing season in Cabo, and then a good three
or four months in Costa Rica. Golfito has always been one of Costa Rica's
'hidden gems,' as well as one of the most bio-diverse areas on the planet,
and this development allows buyers to make it their own."
Bahia Escondida's marina, on which construction began in late October,
will provide access to one of the world's greatest untapped fisheries, with
the possibility of catching "granders" and offering plentiful Blue, Black
and Striped Marlin; Pacific Sailfish; Yellowfin Tuna; Giant Dorados; and
Wahoo. When complete, Bahia Escondida will feature 217 marina slips and
approximately 400 hotel and condominium units. Phase II sales are scheduled
to launch in the third quarter of 2007.
Bahia Escondida is accessible via daily commercial flights into Golfito
from San Jose, Costa Rica. Coral Gables, Fla.-based OBM International is
the project architect.
South Florida based Digital Capital International Sales Group can be
reached on the web at http://www.digitalcapitalgroup.com.
Jim Lynskey, a Miami native, is a pioneering developer with more than
twenty years of experience creating resorts and real estate projects
throughout Caribbean and Costa Rica.
Great American Capital is a fully diversified real estate development
company experienced in all facets of development including land
acquisition, site design, entitlements, construction, leasing, and property
management. In addition to building more than 2.5 million square feet in
retail and office space, Great American provides investment capital to
joint-venture partnerships developing mixed-use projects.
For more information, call (866) 50-BAHIA or visit
http://www.bahiaescondidacostarica.com.
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