Abinader Inaugurates First 16-Level Tower in the East – Real Estate

in Cap Cana, La Altagracia province, President Luis Abinader yesterday inaugurated the 7 Mares tower, a new real estate development commitment that took into account the sustainable model to reduce its impact on the environment, according to its developer, Mariano Sanz Lovatón.

“7 Mares at Cap Cana” represents an example of an innovative and environmentally friendly design. “It is a space where elegance and luxury meet sustainability,” said the CEO of Aides Real Estate and main partner of the building.

Sanz thanked his partners, Cap Cana, the Hazoury Family, the owners of the tower, and all those who directly and indirectly contributed to the completion of the project. He highlighted that about 9 different nationalities from around the world are clients of 7 Mares, thus reaffirming the importance that real estate tourism has today.

First 16-level tower to be built in the East zone. (External source).

For his part, Abinader expressed that here in Cap Cana, as in the entire tourism sector, the best is yet to come and assured that the government will continue to support this development because it believes that it is the only way to make a country progress.

Fernando Hazoury, president of the Board of Directors of the Cap Cana Group, stated that the inauguration of the work constitutes a sign of perseverance and confidence and congratulated President Abinader for identifying public-private alliances as the key to the development and growth of tourism.

The executive highlighted that the 7 Mares tower comes to diversify the offer of more than 7,000 existing hotel and real estate rooms in Cap Cana.

He said that the work is the first “of many others” that are intended to be built in the destination city, in order to attract foreign residents with greater purchasing power than the traditional niche that real estate tourism attracts, in addition to generating a greater economic boost for other sectors linked to its value chain.

The homes are designed for young families, remote workers and retired people, explained Hazoury, who understands that legal certainty, transparency and the speed with which projects are processed make the investment climate increasingly favorable.

He highlighted that they continue to bet on both the Destination City and the entire Dominican Republic. «As I have already mentioned on other occasions, our country currently shows a favorable climate for national and international private investment, guaranteeing legal certainty, transparency and speed of investment processes, giving priority to 100% of investments in the sector. private sector, which generate wealth and the creation of good jobs for all Dominicans,” he expressed

The work

It is located 800 meters from Juanillo beach, it has 65 housing units. It is the first 16-level tower built in the entire eastern part of the country, also conceived with an evident commitment to sustainability, since its design and engineering have many elements that were designed to reduce its impact on the environment.

The housing units range from 114.25 to 130 square meters, in addition to seven luxury penthouses, of about 1,110 square meters.

«The new real estate proposal represents an important milestone for the tourist area of Cap Cana, Punta Cana, Bávaro and other surrounding areas as it is the first of several in a development project. It has a spectacular view of the Caribbean Sea, close to the Las Iguanas golf course, under construction, and other impressive areas of the Destination City,” highlights a press release.

The construction of the tower was carried out by the firm Logroval, who also participate as partners in its promotion, along with other international investors and its main leader, Mariano Sanz.

Present at the event were the president of the Chamber of Deputies, Alfredo Pacheco; the administrative minister of the Presidency, Igor Rodríguez; the general director of Customs, Eduardo Sanz Lovatón; the administrator of the Reserve Bank, Samuel Pereyra; the governor of the La Altagracia province, Martina Pepén; Senator Virgilio Cedano; the general director of the National Cadastre, Héctor Pérez Mirambeaux; the mayor of Higüey, Rafael Duluc; the owners of 7 Mares, Alejandro Logroño and Eduardo Valdez, as well as the founding president of Cap Cana, Ricardo Hazoury.

Cover photo: Mariano Sanz Lovatón. (External source).

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