Benito Juarez Avenue has been repaved with nice side walks and palm trees planted in the center median. Fifth Avenue has been extended through the Colosio. Tenth Avenue has also been rebuilt all the way through the Colosio with double lanes and a median down the center. There are new stop lights on the major intersection all over town. Even 34th Street has lights at the highway now, which is going a long way to help ease the traffic coming and going from downtown. Paving has started on every street from the highway into the Colosio.

Across the highway, even the Ejido is swarming with activity. The entire area between Juarez and Constituyentes is undergoing a huge upgrade of services and infrastructure. They have trenched all the roads to put in underground services. It seems to be about 75% complete now. It’s dusty and a bit hard to get around in those areas but we are so thankful that the city is taking care of this now. Once all the digging and refilling is done the roads will be paved and have side walks put in. There’s nothing like living through the growing pains of a city on the move.

Many of you have heard me mention the Mall of America being built out in the Grand Plaza commercial area on the north end of town. I am happy to say the construction is really advancing now. Some stores look ready for fixtures to come in, and the theaters are huge. Apparently the goal is for the mall to be open by November. The new Office Depot is also open now. The new shopping area on the south end of town, Centro Maya, is in the finishing stages now. There will be a Soriana grocery store, Price club and a Cineplex. The hospital just outside Playacar is just finishing up.

All this growth is imperative to provide infrastructure and services to help support the permanent population base and allow the tourist area to develop as it needs to, to support the increased tourism.

Another very interesting thing has happened over the past year. We have all seen great rental returns and increased value in our real estate holdings. Also many investors who bought multiple units in preconstruction are selling now. This is giving us an inventory base of good value new condos and villas complete and ready to move into. For the buyer who prefers to stand in the condo and see the view rather than buy off building plans this is a great opportunity. Of course there are plenty of quality new projects in the works around town and still they are selling out before they are complete. So now we have the best of both worlds for our investors. Whether you prefer preconstruction opportunities or finished construction Playa del Carmen has a lot to offer with a very exciting future don’t miss it.

We look forward to seeing you when you have a chance to come and enjoy Playa del Carmen.

Plaza Las Americas in The Grand Plaza	Hospital Outside of Playacar	Las Gaviotas II - 20th Ave and Const
10th Avenue and 44th	Condo Development on 26th and 10th	Centro Maya

 

Shawn Bandick is originally from Canada, a published author, and owns One Stop Real Estate (www.onestopmc.com). He can be reached by email at shawn@onestopmc.com or by phone at +52(984)100-5016 mobile 984 803 3739 office 

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