http://www3.diariolibre.com/noticias_det.php?id=13535
April 23, 2008.
Investors from Florida highlight the climate for business. They develop condominium projects in the north.
The tourist real estate investments grow in the Dominican Republic.
Santo Domingo. The businesses of Southwest Florida are crossing borders, moving into a new market: the Dominican Republic.
An engineering firm based in Fort Myers is celebrating the grand opening of its offices in Las Terrenas, and a developer based in Naples has given the inaugural ceremony in a condominium project in Cabrera.
Meanwhile, another businessman of Southwest Florida flew to the Dominican Republic to work on expanding its production and sales of Roman Rock, an alternative of rock paving on the island.
"It seems that (the Republic) will be the new boom in the Caribbean, similar to Costa Rica, fifteen years ago," says Dean Martin, owner of TDM Engineering, which opened an office in Las Terrenas in January, according to an article of Naples Daily News published under the signature of journalist Katy Bishop.
The publication states that "further to the West on the north coast of the island there will be another project by Southwestern Floridians."
The businessman from Naples, Brad Black, plans to develop 70 condominiums in the resort Crystal Beach in Cabrera, next to New York developer, Lawrence Citadelli.
The units of two and three bedrooms range from 1,671 to 2,156 square feet, and they have a cost from US$275,000 to US$675,000.
Black visited the island for the first time on vacation and fell in love with the people, the culture and the environment. "Among the people, sights, culture and price, I think it is a great place," said Black.
"It's a growing market and is more international than Florida. Black has sold 13 of the 70 units. Buyers and potential customers come from Sweden, Switzerland, England, Canada and Russia, as well as New York, New Jersey and Pennsylvania . "
The businessman from Fort Myers, Steven Russell, owner of Architectural Stone Solutions, was also in the Dominican Republic for the celebrations, but also went into business.
Russell’s company offers a product called Roman Rock.
Construction.
Steven Russell, from Roman Rock, met with the owner of a construction company to discuss the sale of his product in the country and move part of his production in the future toward over there.
Russell hopes that Dominicans begin to use Roman Rock around the third quarter of 2008 and move most of the production to the island by the end of the year.
By JJ
Freddy Miranda
Translated by
Orlando Alcántara
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