Playas del Coco will be getting a major supermarket as part of the Pacifico project there.

The Jack Parker Corp. said a 20,000 square foot Auto Mercado will be part of a commercial development that also will contain other small businesses to service the 175-acre project.

The New York-based company says it has 56 residences under construction and scheduled for completion starting in March. The company set Saturday as the official start of its sales effort.

Playas del Coco also is the home of the sprawling Mapache condo development that transformed the fishing village into a major real estate marketplace.
The Jack Parker Corporation said in a news release that it is looking to Costa Rica because the U.S. real estate market is slowing, there are runaway home prices there and land is disappearing.

The 500 residences within Pacifico include 350 condominiums, town homes, and villas, 20 rental apartments and 150 single-family home sites. Floor plans are available with one, two, three or four bedrooms, and prices start from $150,000. Home sites, most with Pacific Ocean views, range from the $90,000 to $400,000.

Playas del Coco has been a construction hotspot since flight operations have increased at the Daniel Oduber airport in Liberia. The Jack Parker Corp said its development is just 22 miles from the airport. Lately some slowing in real estate sales in the Playas del Coco area has been reported as a result of the declining U.S. market.

Courtesy of: AM Costa Rica Staff