Inversiones Soblar Signs Significant Development Management Agreement With The Reputable Clifton Meridian de Mexico, To Lead The Completion Of its Upscale $65 Million Beachfront Condo Project in San Felipe, Mexico.
San Felipe, Baja California, Mexico (March 15, 2008) – Inversiones Soblar, S.A. de C.V. the owner of Playa del Paraiso, a 208 unit condominium project under development in San Felipe, Baja California, Mexico, is pleased to announce that they have entered into a Development Management Agreement with Clifton Meridian de Mexico, LLC.
The agreement which is effective immediately calls for Clifton Meridian to oversee all aspects of the development of the project for the ownership group. The new project manager and technical team will be on-site and working in San Felipe within the next 7-10 days.
"This is a very unique opportunity for us which we are very excited about" said Patrick Clifton, Chairman & CEO of Clifton Meridian, LLC, "Playa del Paraiso is a very high quality development consistent with the standards that we have set for our other projects." Clifton Meridian de Mexico will shortly begin work on completing the first of the three building project, the first building is approximately 80% complete.
Playa del Paraiso is a $65,000,000- 208 unit beachfront condominium project located on the Sea of Cortez in San Felipe, Baja, Mexico. The project which is 95% pre-sold is comprised of 1, 2, 3 & 4 bedroom penthouse units. "We are very pleased and excited to be partnering with the prestigious Clifton Meridian de Mexico. They have a proven track record for developing some of the most beautiful upscale residential projects in Northern Mexico" said Laura Ballegeer, of Inversiones Soblar. "This is the perfect match for Playa del Paraiso, Clifton Meridian's expertise will contribute greatly to the success of our project."
About Clifton Meridian:
Clifton Meridian de Mexico, LLC, a Scottsdale, AZ based company and its related entities are engaged in the development of primarily high end residential projects focused on Puerto Penasco, Mexico and the Northern half of the Sea of Cortez. They currently have approximately $170,000,000 in projects in various stages of development. For more information about Clifton Meridian LLC, please visit
www.CliftonMeridian.com.About Inversiones Soblar:
Inversiones Soblar SA. De C.V. is a Mexican based real estate development company focused on developing vacation, retirement and resort properties in Baja California, Mexico. Currently developing Playa del Paraiso, a 208 unit luxury, high rise beachfront condominium resort located adjacent to the San Felipe Marina. This prestigious gated community will feature 2 large pools with swim up palapa bars, restaurant, bar/lounge, fitness center, signature spa and commercial area. For more information about Playa del Paraiso, please visit
www.playadelparaiso.comFor further inquiries, please contact Laura Ballegeer – Inversiones Soblar, S.A de C.V at 888.647.5292 Ext.703 or Patrick Clifton – Clifton Meridian de Mexico, LLC 480.607.5566 Ext. 1
