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Tuesday, August 15, 2006

Progress up to August 15th

The road to the top is 97% complete and will be finished this coming week. This provisional road will allow heavy construction trucks to enter the development. We have also cleared the hotel/villa site completely and the topography of the land exceeded our expectations. The land comes up from the water in terraces. There are small inclines followed by flat areas that make excellent villa sites. The surveying of these lots is underway and will be completed soon. The clearing of underbrush on the ridge is also nearing completion and lot selection will begin once we have finished preparing the villa area. The ridge offers magnificent views and a variety of lots. Lot sizes will vary from ¼ to ½ an acre. All of these lots will have views of the Laguna and have water access through community areas. Owners and occupants of these home sites will enjoy both the one of a kind view from the ridge while enjoying the amenities and water access offered by the development. We are currently working on floor plans will that make the most of the topography offered within the development. Floor plans, lot layouts, and pricing will be available soon. We expect the both the villas and ridge lots to move quickly and our current roster of investors will be the first notified of the pending release.

Work is also nearing completion on our Granada sales and development office. We have secured a prime location opposite one of Granada?s most popular hotel/nightclub. We are located across the street from el Club at the intersection of Calle la Barricada and Calle la Libertad. A/C and interior structure installation is planned for completion by the end of the week. Our office can be reached at (804) 915 9630, International dialing is not necessary. We hope to see you soon in our newly air conditioned Granada location.

Granada has been experiencing random power outages that have caused our response time and ability to take calls to slow considerably. We apologize for the inconvenience. The power outages, we are told, are due to infrastructure improvements that are needed to support the quickly increasing demand for energy in and around the Granada area.

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