Rio Grande Carr 968 Km #1.7, Rio Grande, PR 00745

Unique development opportunity, in Rio Mar Area, for the savvy and ambitious investor / developer. This is a one of a kind Project for its Rio Mar Area Location and its Unique Ocean View Elevation (with a view of San Juan to Fajardo). It is located very close to the Wyndham Grand Rio Mar, Hyatt Regency Grand Reserve and St. Regis Bahia; 3 of the best resorts on the northeast coast of Puerto Rico and it's also 20 minutes away from El Yunque National Rainforest. The future project will consist of 6 apartment buildings with a total of 252 units divided into: [Studio Apartments; 1 Bedroom/1 Bathroom; 1 Bedroom/2 Bathroom; 2 Bedroom/1 Bathroom; 2 Bedroom/2 Bathroom] and the penthouse area with: [2 Bedroom/2.5 Bathroom; 2 Bedroom/3 Bathroom; and 3 Bedroom/3 Bathroom], with their respective open terraces on the roof. The 252 units are approved by the Planning Board of Puerto Rico, to be built on approximately 4 acres. It will include a recreational area with swimming pools, gazebos and activity areas. This project has an elevation of 130 meters that offers one of the most beautiful ocean views of Puerto Rico. This is a unique real estate piece of heaven on this beautiful island..