FAQ's

Q: What are the condominiums at Los Veneros like?
A: The condominiums have 3 or 4 bedrooms with study, gourmet kitchen, dining room, living room, terrace or balcony and in some instances private pool. The condominium floor plans vary between 2787 to 6329 square feet.

Q: What's the condition of the condominiums at Los Veneros upon delivery?
A: The condominiums at Los Veneros are delivered completely finished with fully equipped kitchens and electric appliances.

Q: Do the condominiums have assigned parking spaces?
A: Yes. Each condominium has one assigned parking space.

Q: Is there visitor parking?
A: Yes. Los Veneros has a large area reserved for visitor parking.

Q: Is there storage space apart from the condominiums?
A: Yes. Los Veneros offers private storage space for each unit in the parking area.

Q: What is the process if I want to make changes to the condominium?
A: Changes may be made in previous agreement with the developer

Q: Why do the sizes of similar condominium floor plans vary?
A: The condominium sizes vary due to the fact that as the building extends in height, the terraces recess slightly. This occurs in order to ensure spectacular views of the bay from all of the units

Q: Will the actual condominium sizes vary from the typical floor plans shown once construction is complete? If so, how would that affect me?
A: The architecture is in its final phase. However, there may be small variations that could affect the final size of the units, but by less than 3%. In the case in which the final size of the unit varies, the purchaser will be compensated for any change.

Q: How will utility use be measured?
A: Gas, water and electricity use will be measured individually by condominium.

Q: Where does the name Los Veneros come from?
A: A ‘venero’ is a spring but it also refers to the source or the origin of something. Thus, the name Los Veneros can be understood in two ways. First, it has to do with nature itself at the development site, which is framed on the east and the west by two beautiful springs that majestically border the property. Secondly, the name refers to the possibility to live new experiences and create different stories. Los Veneros is a place created to make you feel alive every day. Here, every day is a new beginning...a spring.

Q: What is Los Veneros?
A: Los Veneros is a spectacular residential and resort development located at Punta de Mita in Nayarit. Located in exquisite natural surroundings, Los Veneros extends across 37 acres and will include a boutique hotel of 80 suites and eight residential buildings housing 239 condominiums as well as a beach club and spa.

Q: What is the construction schedule?
A: Los Veneros will be built in three phases. The development is in its first phase with the construction of the Pacífico, Agave and Buganvilla residential buildings as well as the beach club. Phase One will begin delivery in January of 2009. Once a set amount of condominiums in Phase One have been built, the Second Phase of construction will begin followed by the Third Phase. The phases will overlap at times and each is programmed to last for 18 months.

Q: Who is the developer of Los Veneros?
A: The developers taking part in Los Veneros are ICON Group, OUEST Developments and Walton Street Capital.

ICON GROUP The vision, development and sales for this project are the responsibility of ICON GROUP, a Mexican firm dedicated to the management of investment and development projects for first-class residential and tourism real estate. Today, ICON GROUP is developing projects at Punta de Mita in Nayarit, Puerto Nuevo in Baja California, and Puerto Cancún and Playa del Carmen in Quintana Roo. www.icongroup.com.mx

OUEST DEVELOPMENTS The location for the development of this project was selected by OUEST Developments, a land development company and a co-developer of Los Veneros. OUEST Developments is one of the leading developers in the region and the creator of the concept and master plans for Punta de Mita and Costa Banderas. The region has become one of the most prestigious and exclusive in all of Mexico and the world.

WALTON STREET CAPITAL The project is backed by WALTON STREET CAPITAL, a leading private real estate investment company in the United States. With the backing of a series of opportunity and value-added funds, Walton St. Capital plans to invest approximately $3 billion in capital in 150 different projects in the American and international real estate markets. www.waltonst.com

Q: What will be the approximate cost of the condominium fee?
A: The approximate cost of the condo fee will be $0.20 USD per square foot.

Q: Why is a pre-construction purchase recommended?
A: We recommend purchasing at this phase for two main reasons: The first is, at this phase you have the opportunity to select from a larger number of units. The second is that the prices are better. The savings from a pre-construction purchase in comparison with buying a finished unit are around 50%.