Costa Canuva Development Announced for the Riviera Nayarit
Mexico’s Secretary of Tourism, Enrique de la Madrid along with Nayarit Governor, Roberto Sandoval Castañeda, announced the construction of Costa Canuva, the most recent residential development and tourism complex in Riviera Nayarit, during the 41st Tianguis Turístico Mexico that took place in Guadalajara.
The project will be built on a 630-acre property with 4.3 miles of pristine shoreline, located north of Punta de Mita. The master plan was designed by the award-winning architect, Mario Lazo, and endorsed by the renowned Artigas Arquitectos firm. Construction will be carried out by Mota-Engil Tourismo, a Portuguese company, and it will feature over 2,500 residential units, five luxury hotels, shopping malls, beach club and a PGA-category golf course with unparalleled vistas, co-designed by golf legends Lorena Ochoa and Greg Norman.
Costa Canuva will have an estimated investment of $1.8 billion dollars and is expected to generate six thousand new jobs and an additional 18 thousand peripheral jobs for people from the region. The first stage is expected to be finished by the end of 2017.
“We’re very happy with this joint enterprise between important companies from Mexico, Portugal and United States, and we celebrate this very important, very powerful investment that will contribute to the development of Nayarit, as well as that of Mexico as a whole,” commented Enrique de la Madrid Cordero, Mexico’s Secretary of Tourism.