Cancun, Q.R. — The start of a new billion peso mega real estate project has been inaugurated in the city of Cancun. The Vía Cumbres single and multi-family housing development was inaugurated Tuesday night. Governor Mara Lezama announced the inauguration Wednesday.
The 3,179 housing units are being constructed over 75 hectares at a cost of 1 billion pesos.
With the presence of Moisés El-Mann and Eduardo Martínez Farráez, investment partners, the governor of Quintana Roo affirmed that these investments are synonymous with the confidence.
“As a Quintana Roo resident, as the first female governor, I am very pleased that in our state private initiatives continue to invest in responsible projects that allow for the creation of conditions of social well-being and development for people, guaranteeing the sustainability of the economy and the environment,” she said during her Tuesday night speech.
Eduardo Martínez González, the General Manager of Grupo Cumbres, said the development is located on Huayacán Avenue. It occupies an area of 75 hectares. The 3,179 housing units make up a subdivision with urbanized lots and underground services.
A first stage housing project, Altai, will be inaugurated next year. Martínez González emphasized that this project is a demonstration that the private initiative and government can work together and united for transformation.
Governor Lezama said they are working to achieve common goals together such as establishing management mechanisms for urban development, territorial planning and real estate action, guaranteeing legal certainty that translates into confidence for investments, generation of more sources of employment and raising the quality of life of families.
The entire real estate project will be constructed by subdivisions over the next 10 years with the Altai subdivision being the first for completion next year. Martínez González says construction will generate 3,000 direct jobs and 5,000 indirect jobs annually over the 10 years of the project.
