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New Construction

Lease / purchase

Phase 3: The construction of the remaining 11 residences.

Scheduled to begin in November with completion expected by
January 31.

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Progress Report

November 6-12, 2005  // CONSTRUCTION LOG #57 

Contact phone numbers

Internet Phone:
New York 315-279-6711 // Toronto 416-907-5758

Costa Rica:
Cell 506-305-3965 // Land 506-282-4142 Ext. 101

NOTE: our land line in CR has changed;
we are now integrated into the compound network.


Story this week is my research trip to the Central Pacific coast to visit development projects.

Pictures: misc. of all areas under construction.

CONSTRUCTION

Weather: We were plagued by rain most of the week and on Thursday the electricity was out most of the day.

Unit 106: Unit 106A will likely be substantially finished next weekend. 106B will follow shortly there after. The upper units 106 C and D are in the process of being boarded. The front portion of the building is boarded and has the first coat of stucco as well as moldings. It's beginning to take it's final shape.

We had two issues of "overview" which had to be dealt with. "Overview" is that term applied to cases where one party can look into the private space, eg. back yard, windows, etc, of another home. This is an issue in N. Am. as well as here. In the case of 106C, the issue was resolved with a design modification. While I'm not happy with the resolution, I'll have to live with it. In the case of 106D, the issue was resolved but not without some bruising along the way because of the flexibility of the owners of 107.

Units 121, 122, and 123: Units 122 and 123 continued to advance but not as fast has I had hoped due to the rain and power outage. All the gray work has been completed on the ground floors inside and out. The structural steel work has been started. Unit 121 has not yet had the footings laid.

Units 117-120: The focus has been on 106 and 122 and 123 as all those units are sold with commitments made for finishing them.

Units 101 and 102: No progress.-the shoemaker (me) and his wife still live in the low rent district.

Electrical System Up grade: Not much progress on this. Paper work has been submitted to ICE as required. The new cables have been measured to length and are awaiting being pulled through the conduits. The transformer sits until...?????

Marketing: We have received a commitment for 121. We expect to finish the paperwork this week. We are now down to 6 units left to sell.

Most of the brochures were distributed; we've had a few responses.

The e-mail campaign netted a few responses. Certainly fewer than I had been lead to expect. Regardless of the numbers, I'm working with them.

Other

Two weeks ago I wrote: "CableTica, the cable TV company : We're waiting for their response... And we continue to wait. Guess they are too busy protesting." The same applies for this week's report.

Next Project: I finally viewed the Escazu property. It's interesting but at $1.4mil. It's too big for me since the vendor wants to cash out.

The Beach: I've been so focused on Los Jardines for the past three years, I really haven't done much looking around at what others are doing. I decided to take several days and go to the Manuel Antonio / Quepos - Jaco area to see what was happening. As of now, I'm absolutely amazed, confused, and disturbed. The prices are ridiculous, (beach front land in Jaco at $600 sq. m / non-beach front condo boxes selling for $200 sf w/ $400 mo common element fee-20 miles from the nearest grocery story/bank and several kilometers from the beach) . In some cases the development I viewed has major flaws (eg. 4 spaces for 20 houses); In other cases, the quality of product is way short of the price. Some smaller projects are being attempted by people who have never built anything and the product shows it. I am disturbed because I feel some day, some of the purchasers will wake up and realize they overpaid and what they bought really didn't meet their expectations and rightly or wrongly, this will lead to bad mouthing Costa Rica. My current feeling is that I really don't understand what is happening. I can read and hear it all many times but it just doesn't make a lot of sense to me-in fact, it makes NO sense to me.

Useful Websites on Costa Rica

http://www.therealcostarica.com/default.html http://groups.msn.com/CRLeBoard
http://www.arcr.net/

http://groups.yahoo.com/group/CostaRicaLiving/
http://welovecostarica.com

OUR LIVES

The 4 day trip (Thursday to Sunday afternoon) Lita and I took with our site superintendent and his wife was a great experience. They speak no English and we don't do a great job on Spanish but we were able to communicate and have a great time. They got a chance to see things they hadn't seen before and together we got an opportunity to view what was going on. We made some contacts which might yield something in the future...and yes, the roads are awful-huge potholes, and yes, there are several bridges washed out with alternates south of Jaco but all are passable with care and caution.

Brian, Lita, Hugo and irreverent Vicka, the pigeon toed parrot.

 

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