More Loreto land enters the market
FONATUR, the agency that developed Loreto, The Cabo San Lucas Marina, San Jose del Cabo and three other tourist resorts in Mexico, has put on the auction block about 11000 acres, including six miles of beachfront in the Puerto Escondido area, about 10 minutes south of Loreto. The new development has been named "Golden Beach" and will be divided into three large areas. One for hotels, commercial centers and residences, a second one to develop an upper-middle class neighbourhood much like they did in San Jose. Details for the development of the third area were not announced yet the word is it will be some kind of an ecological project.
