14 May 2008 129 views One Comment

Loreto, Mexico was once identified to be a potential blockbuster destination by the Mexican tourism agency, only to be promptly forgotten when places like Los Cabos and Cancun took off. After pumping $200 million dollars into infrastructure improvements, the tourism agency turned their attention to other areas. Left for dead, Loreto was rediscovered recently by investors who saw potential for a different experience than any other place you could choose to live.

Photo of Loreto Bay Villages courtesy of Loreto Bay Company

A previous post, Loreto Named Top Mexico Real Estate Investment, discussed the Loreto Bay project, whose aim is to build the model for sustainable development in North America. The Chicago Tribune has an interesting story about their ambitious plans. The layout of the Loreto Bay Resort are to be built in clusters of 5-6 homes that are part of larger sections called villages. The connecting roads of the community are intentionally constructed too narrow for cars to travel on. Instead residents will travel by foot, bicycles, golf carts, or maybe even Segways. The plans also include water that is only solar heated, a sea water desalination plant, and a 500 acre wind farm!

The Loreto Bay development is scheduled to be completed over a decade and to include 6,000 homes on the 8,000 acre site. Currently homes start at the mid 300’s according to the Loreto Bay website. Loreto Bay is certainly a leader in innovation for developing green real estate investments in Mexico that offers a strong contrast to other locations.