Revolution Precrafted Properties Philippines, Inc has been tapped by Puerto Rico’s Grupo Cacho, Inc. to deliver more than 2,000 residential villas on the island of Vieques and Boqueron Bay Cabo Rojo, bagging its fifth international deal in the last six months.
The company said in a statement that it has recently signed an agreement with the Puerto Rican real estate firm for the project.
Grupo Cacho has residential, resort, hotel, and commercial developments under its portfolio, known for its Martineau Bay Resort in Vieques which was later renamed to Caribbean W. Hotel.
The agreement will be executed in two phases, with the initial phase to cost $13.5 million. This includes 27 mid-range and luxury residential units standing on a 4.2-hectare property in Vieques. Each house will cover 200 to 250 square meters of floor area on 1,000-sq.m lots.
For the second phase, Revolution Precrafted will construct around 2,000 houses on a 212-hectare area near Boqueron Bay. The two- to three-bedroom villas are sized 150 sq.m., with a lot area of around 600 sq.m. — Arra B. Francia