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Puerto Cancun: A City Within a Riddle Within a City

12 August 2008 2,746 views 8 Comments

By: Andrew Colon
Located off the Bay of Isla Mujeres along Avenida Bonampak, Puerto Cancun is at the elbow that joins the hotel Zone to the City of Cancun. The development, which has been mired in political and financial struggles since its inception over 15 years ago, is slated to have 2100 luxury apartments and condominiums, a Tom Weiskopf golf course, a 300-slip marina for yacht owners, over 400 single-family homes, hotels, offices and shopping centers. Covering an area over 300 hectares (800 acres), this area is set up to be its own community and not just another resort area residential development. As previously mentioned, this development has seen more than its share of bumps along the road to construction. Between conflicts among different levels of city, state and federal governments regarding proper legal land usage and protests by environmental groups opposed to the development of the mangrove wetlands, many thought Puerto Cancun would be another bankrupt cautionary tale like the monorail system or the proposed bridge over the lagoon to ease traffic in the Hotel Zone. On August 8 of this year, a special commission appointed by the current municipal government found irregularities regarding urban density numbers as well as the construction of roadways in and out of the project that could affect neighboring residents. If found in violation of the original project plan approved by past city administrations, developers face hefty fines and further delays. All of these hurdles notwithstanding, building is progressing at a lively pace--especially in the last six months. The skyline at the edge of the city is changing, from low jungle scrub foliage to a massive manicured entry and high-rise modern concrete towers with Euro-Mexican-American names like Isola and Diomeda. A surprising amount of buyers for these properties are Mexican. The weakening of the U.S. dollar has made property (not only in Cancun, but in much of the Yucatan) extra-attractive for nacionales (Mexican nationals) and locals who have waited for an opportunity to buy dollar-denominated real estate in Cancun and the Riviera Maya. Proximity to the International Airport, sunny weather and modern infrastructure and city services are enjoyed by nationals and foreigners alike, looking for a taste of paradise without losing the comforts of home. Image Source

8 Comments »

  • Ben Franks said:

    Check out this site for more info on this project.

    # 8 February 2009 at 3:25 pm
  • Kenneth Montgomery said:

    As the owner of a pre-construction condo in the Bella Vista Towers in Puerto Cancun, I am pleased to read your comments and honest assessment of the progress of development. I would like to be on any email list that offers updated information of\n the progress of development. I plan on visiting Cancun in April of 2010, and hope my unit will be ready for occupancy by then.

    # 7 October 2009 at 2:52 am
  • Don said:

    I am also the owner of 3 fractionals at BellaVista Towers. I am looking to sell at least one of the 3 fractions I own. I own Spring, Summer and Fall.

    # 27 October 2009 at 11:49 pm
  • Kenneth Montgomery said:

    I visit the Bella Vista Towers website each month to check on the progress of development. Sadly, it seems that progress is slow. I am hearing that the project will not be completed until the end of 2010.

    # 29 December 2009 at 5:25 am
  • KJ said:

    I’d heard Bella Vista tower 2 should be completed by April 2010? anyone have any new news? Anyone need to purchase a VERY reasonably priced unit in Tower 2??

    # 20 February 2010 at 4:07 am
  • Shirley McCaslin said:

    I own a 2 bd. standard(spring and summer).I am looking to sell if you know anyone that is interested. I wish they would get it finished.It’s such a nice property. SM June 19,2010

    # 20 June 2010 at 3:27 pm
  • Kenneth Montgomery said:

    I visited Bella Vista Towers in April (2010) and was disappointed to find that tower 2 was no where near completon. Based on the pace of construction I do not plan to visit again until 2011.

    # 28 June 2010 at 1:59 am
  • LS said:

    Has anyone else been paying on a unit for over 2 years now (monthly payments)? It’s kind of crazy at this point–paying on something that’s not completed. I went over on a fly and buy and am regretting it at this point really–the entire building isn’t even completed and it’s been 3 years! Any words of wisdom from anyone..getting worried and not thrilled to “toss money out eevery month” on something we can’t even enjoy!

    # 4 August 2010 at 12:31 am

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