Moncayo, a New Nine-Figure Resort, Plans to Be the Palm Beach of Puerto Rico

Puerto Rico News

Moncayo, a New Nine-Figure Resort, Plans to Be the Palm Beach of Puerto Rico
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Juniper Capital’s Carter Redd has a vision for a master planned community that will include a 100-acre organic farm, the island’s first-ever Auberge Resort with branded residences, an 18-hole golf course and a slew of amenities where little currently exists.

Juniper Capital’s Carter Redd has a vision for a master planned community that will include a 100-acre organic farm, the island’s first-ever Auberge Resort with branded residences, an 18-hole golf course and a slew of amenities where little currently exists. As it stands now, the small city of Fajardo is a nature-rich oasis just 30 miles east of San Juan on Puerto Rico ’s coast, with marine reserves and a bioluminescent bay.

In 2027, when developer Carter Redd realizes part of a vision for a master planned community and tourism enterprise there called, he hopes these deep-pocketed passersby will have reason to stay. The project he’s building will sprawl across a 1,100-acre parcel of forested coastline in eastern Puerto Rico and will include 400 residences—all $3 million and up—and a splashy.

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