Cabarete.– A new $200 million project has been announced for the north shore of the Dominican Republic, the 138-suite Palmera de Cabarete Resort and Spam which is planned to be a five-star resort that expands over 19.5 acres including 1000 feet of shoreline.
Three oceanfront freshwater infinity pools, a 22,000 square foot spa spa, gourmet dining and a concierge program will heighten the appeal for luxury guests. The condo units will have floor-to-ceiling window walls, marble floors and luxury appliances. The penthouses will also offer infinity-edge plunge pools, summer kitchens and a cabana bathroom with shower.
The design team includes Miami-based RAD Architecture and Celia Domenech, an interior designer specializing in a beachside luxury look. The suites will have three decor options: tropical, classic and traditional. The resort plans a 2011 opening.

http://afp.google.com/article/ALeqM5hQRcs3MURupfVChy9sSolbbElplw
Just imagine the excitement of the QM2 berthing beside a hotel on the scale of the scale and iconic splendour of the Burj al Arab.
http://www.jumeirah.com/en/Hotels..../Destinations/Dubai/Burj-Al-Arab/
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Well they are still waiting in Florida, Vegas, Carolinas, Colorado, Caicos, Panama, Dubai, Costa Rica, Cancun, Cabo. Let me see, did I forget anywhere else? Oh yeah, all over the DR nothing is selling too.
Somebody better break the news to these Palmera people. Do you suppose they haven't heard? Then again they might have too much money to care like all the others. Pretty soon they can do tours of the ruins of abandoned projects that went bust like all those of previous civilizations who dreamed large.
At least here in La Romana, all anyone seems to be worried about is the horrible showing of the baseball team in the WBC.
Proximity to ocean makes them attractive plus enclosure. Perhaps this is what happens when a hotel/resort is no longer fashionable. and the holiday market has moved on. Certainly the expectations of people have moved up and five star now has a completely different meaning!
Main market could be Middle East and Europe.
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Also investors take advantage of the slowdown in construction costs to innovate and seek ever greater rewards. Other types of investment become less attractive.
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www.yachtaide.com
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