The firms involved in designing, developing and building the new Origen Versalles condominium project held a ceremony in August 2020 to celebrate the commencement of construction on this well-appointed development in the heart of Puerto Vallarta. The building, with its modern-meets-traditional design, will house 24 units distributed on six levels.
This commemorative event occurred just after the pre-construction sales goals were exceeded—with 45 percent of its inventory purchased. Vallarta Real Estate Guide took the opportunity to talk with Oliver and Juan Pablo Martínez, partners of Urban Developers, the company in charge of building Origen Versalles, who shared their sales approach and some of the main details about this condominium development.
“In 2015, with the beginning of the real estate boom that Vallarta · Nayarit was experiencing, we saw the opportunity to join forces to complete this project with a new vision in construction and all that it entails,” says Oliver. “For us, it represents the beginning of the materialization of a project that we have planned with much anticipation, and we’re ready to take care of it and create it efficiently.”
For his part, Juan Pablo explains that this development, located on Francia Street, stands out for offering two-bedroom units with two bathrooms, whose dimensions range between 850 and 1,151 square feet. Three different floor plans are available, and finishes and materials have a clean, modern aesthetic.
The main amenity of this condominium is its rooftop, which has a pool, barbecue area and panoramic views of the city. This is complemented by concierge service, an elevator, on-site parking, 24/7 security and an innovative trash disposal system for the comfort of all its residents.
New Marketing Approach
Currently, the Vallarta · Nayarit real estate sector is experiencing a new approach to commercialization, which is derived from the pandemic and its effects on a global level. First, with the closure of borders by the Canadian government to avoid flights to and from our country until April 30, 2021, it means a considerable decrease in sales opportunities that the Canadian market represents for our destination.
However, the Mexican market has provided a very important boost in the interest and purchase of properties in the Banderas Bay over the course of the past year. This is creating a balance because Mexican residents are purchasing properties that might normally be sold to foreigners. Today, in addition to the prevailing interest in Vallarta · Nayarit from visitors from Guadalajara, CDMX and Monterrey, buyers from states such as Baja California and Nuevo León, among others, are purchasing homes in our market.
In this sense, Origen Versalles is an excellent option for Mexicans looking for modern units, listed in pesos and with a convenient location. The development sits in close proximity to shopping, dining, attractions and the beach—all the best that our destination has to offer—while still offering a quaint neighborhood atmosphere.
Origen Versalles is designed by the aA arquitectos Asociados del Pacífico architectural firm, developed by Urban Developers and marketed by SB Realtors. The project is well underway, and its estimated delivery date is in October 2021.
“The opportunity to invest in a highly appreciated tourist destination is possible, especially if you take advantage of the short-term payment plans offered by developments in prime locations,” Juan Pablo concluded.
For his part, Oliver concluded by mentioning that this neighborhood is becoming the new center of the city: “Versalles is positioning itself as a very thriving place, with a variety of high-quality dining options in addition to shopping and other amenities. In this way, we believe that Origen Versalles comes to further revitalize this area, offering a new option to all those who seek to invest intelligently in real estate.”
Considering the location and proximity to the local amenities as well as the quality interior and exterior design of this multi-family development, the price of the Origen Versalles condos is an incredible value starting at just 3,542,000 MXN. Direct financing is currently offered by the developer.