Bahia Escondida, Golfito, Costa Rica

Coastal Systems is developing one of the most luxurious projects in Costa Rica. Bahia Escondida is a bayfront development in the southern zone, anchored around a historical town and surrounded by protected national parks and a sheltered bay. The project envisions three sister resorts:

The Marina Pedestrian Village will consist of several key components centered around the original banana boat pier on 42 acres of titled, concessionary and reclaimed land. This village will consist of a 217-slip marina, private cruise ship pier, 278 residential units, 100 guest room keys, as well as retail and entertainment space.

The Exclusive Island Resort is the first-ever exclusive island resort to be developed in Costa Rica. Located on 157 acres of titled and concessionary land, it is only ten minutes by boat from the Marina Pedestrian Village. This Exclusive Island Resort will consist of a five-star, 80 key hotel, a 100-slip marina, 50 low-density "eco" marina condo units and 40 tree-top villas.

Altos de Golfito Gated Community is a prestigious new single-family residential district being created within 15 acres of titled property overlooking the airport and the former management homes within the historical American Zone.

The marina concession has been approved and construction of Phase One, including the first 86 slips, marina facilities and 50 condo units, is scheduled to break ground in the first quarter of 2006. The total projected value of the three sister resorts after build-out is estimated at US $332 million. Currently, Phase I is 70% sold out.

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