Historic Times

Dear Clients and Friends,

We are living in historic times, challenges…and opportunities. While we are sure you have received many notes like this, we wanted to share that AG&T remains healthy and available to help or to listen when and if the need arises. We intend to respect social distancing yet will be steadfast to remain virtually close. We want to invite you to our webinar where we will expand on the notes below. Keep an eye out for an invitation to the virtual seminar coming your way soon.

How Are We Making Business Decisions?

This is new territory for all of us. While we do not possess the proverbial “crystal ball”,  our world view, and the planning framework we are suggesting to our clients, is that while this interruption is likely to be quite profound and deeply impactful, it should prove to have been temporary. Our planning framework contemplates a recovery of the US economy during the second half of 2020.  Delaying projects and investments already in the pipeline should be carefully considered, and everyone should keep a keen eye for opportunities driven by distress. We are already seeing some signs of distress, and expect much more in the weeks to come. AG&T is not fundamentally altering our long-range plans, our team structure, or making other rash changes.

We revisit this outlook weekly, and will communicate updates as we go along. We are participating fully in global efforts to “flatten the curve” in terms of the virus’ spread. AG&T  is fortunate that our travel schedules and cross office staffing processes – in place for years – have made it relatively easy for us to transition further to a virtual workplace. Every AG&T team member has full technological and practical abilities to work remotely and this transition has been relatively seamless for us.

What Are We Working On?

AG&T remains fully engaged and doing value add work for our clients. This includes:

Management Consulting. One of the hallmarks of AG&T’s strategy planning work is to achieve maximum value and mitigating risk at all stages of the development life cycle.  We are helping our clients implement and adjust their strategy plans, understand changing market conditions, and helping firms think through cash management and risk mitigation practices. Fortunately, most of our clients in the middle of strategy planning or development consulting engagements have chosen to continue working on them, which we believe is prudent.

Acquisition and Disposition Services. Our large institutional clients are asking us to review and revise investment velocity, provide real time feedback on development risks, highest and best use valuations, and evaluate viable capital stacks for acquisitions. As you would expect, many large investors are thinking through buy opportunities that may emerge as the markets normalize and how they might respond to them.

Market Research. Many of our clients understand that to be in business in the spring and summer, or when transaction activity resumes, they will need up-to-date market research, and an even more cogent formal discussion of the market rationale for a proposed investment or development, including a discussion of the impact and long-term effects of the interruption and/or the virus.

How Are We Living Out Core Values?

Tough times reveal the strength of a company. These are some of the ways we are putting our values into action:

1. Putting Families First.

Above all else, we are doing all that we can to support the health and emotional well-being of our team and their loved ones. This requires a lot of work and flexibility, but to date we are heartened to see the enhanced team spirit and discipline of mutual support that we believe is the hallmark of our culture.

2. Being Generous.

AG&T is committed to a belief that we can be a force for good at least in small ways. We realize that the impact of this disruption will be felt unequally across our communities; especially in small islands where medical systems are poorly funded. As one example, AG&T’s mission is to make a meaningful difference in the practice and policy of sustainable development. We will continue to work in facilitating the construction of resilient communities, sustainable hotels, and promoting thought leadership with our network of top professionals worldwide.

3. Help Where We Can.

Above all else we will honor our commitment to help our clients whenever and however we can, and to honor those relationship as long-lasting bonds based on trust. When our phones ring, we answer.  We are available for guidance, for ideas, or just to listen.

Expect to hear from us in the days and weeks to come. And expect to be business partners with us for years to come after this. We hope for a speedy recovery from the challenges at hand, and are confident that our team, our friends and our clients, collectively the Best Minds in Real Estate, will be bold in charting the way forward. We may not know exactly what the journey holds, but we will come out on the other side. As the Coronavirus is novel, so will come creative solutions, new approaches and innovative ways of surviving together. For tomorrow will return to normal someday.

As always, we welcome your thoughts and comments, and wish you and yours all the very best. Stay healthy, safe, and positive.

Valuing Climate Risk in the Built Environment

 

Valuing Climate Risk in the Real Estate

January 29, 2019 – Miami, Florida

Facilitated by Zac Taylor, PhD (Research Fellow, University of Leuven) and Adam Greenfader (Managing Principal, AG&T; chair of Caribbean Council of ULI Southeast Florida/Caribbean) Participants included individuals representing development, insurance, sales, master planning, public sector, legal, and academic perspectives.

 

Key Messages

  1. The economics of real estate in South Florida face several medium- and long-term challenges due to climate risk.
  2. Climate risks place pressure on the ability to create sustainable value from real estate in the region, including increasing costs of finance (insurance, investment, property tax), growing cap and op ex, and negative market perceptions.
  3. Proactive local action will be key, but not sufficient, to mitigate these concerns.
  4. Decision-maker education and collaboration, in part through ULI, will be essential to secure regional change.

Thematic Observations

Insurance – Property Rates and Terms

  • Insurance is geared towards the sudden and acute, not the gradual and chronic. Supply of capital for Florida risk is declining and will continue for those who continue to build in risky areas.
  • Risk of losing coverage over medium-term (eg 5-10 year hold period) is increasingly raising concerns about profitability of developer strategy in South Florida.
    • Eventually property owners cannot pass cost of insurance on to consumers/tenants – this will erode asset value.
  • Insurance rate baselines are 15-20% higher post-2017/18/19 underwriting cycle due to historic losses. Rates are cyclical to an extent, but unclear if this pattern will persist in context of growing losses, rising risk because insurers increasingly set rates according to reinsurance investor appetite (see ILS market).
  • Insurance policy terms are changing, and likely to continue, to limit insurer liability for losses. Requires careful scrutiny.

Location Investment Decisions

  • Institutional capital providers increasingly ask developers to address risks through asset-level mitigation.
  • Investors are also asking what community-scale measures are being put in place, in recognition that assets are not independent from broader risk/resilience patterns.

Public Finance

  • Bond ratings agencies increasingly looking at municipal creditworthiness in relation to economic exposure to climate risk (e.g. property tax base security). This may have impact on cost of capital.

Design and Mitigation Considerations

  • Public investments can have negative as much as positive impacts on private property (see Miami Beach road-raising) — this is cost and time intensive work, in part because it is politically contested and in part because of local public sector capacity.
  • Insurers likely to determine how, where development happens. Access to risk models has changed one participant’s understanding of their practice, re: valuation and incorporation of long-term risk reduction principles in design, building code, planning

Collaboration / ULI Opportunities

  • South Florida communities need a collaborative plan to address the economics of built environment climate risk. Without it, insurers and lenders will leave the market, and negative feedback loop (property devaluation) will be faster.

 

 To learn more: uli-selected-to-manage-southeast-florida-regional-climate-compact-project

Mixed-use project delivers on wellness in Puerto Rico

 

 

 

 

AS PUBLISHED IN HOTEL BUSINESS  BY  ON

PONCE, PUERTO RICO—Ponce Paradise—a 900-acre resort, healthcare village and marina located here—is giving guests all the conveniences and amenities of mixed-use, but with a twist.

Adam Greenfader, managing partner, AG&T, the development firm behind Ponce Paradise, said, “There is a trend in hospitality development for travelers searching for a destination that offers a wellness package or amenities.”

Conceptualized by LandDesign and Winstanley Architects & Planners along with AG&T, the teams consulted engineering and aquatic architecture professionals to make the vision a reality, bringing together a mixed-use development and a wellness destination.

“Economies of scale seem to indicate mixed-use projects will be getting larger. The live-work-play concept is really taking hold as more people want to be in the center of it all,” Greenfader said.

Ponce Hospital and Wellness City

Still in its early design and community involvement phase, Ponce Paradise will comprise a hotel and spa, wellness community, farm-to-table agricultural setup, a micro-grid, residential neighborhoods, a town square and a university medical center, with a total investment of approximately $1 billion.

Specifically, the 166-acre Wellness City will have research, university and care facilities, which will include a branded hospital, rehabilitation centers, outpatient, recovery rooms, assisted living facilities, nursing home, short-term residential units and condominiums. The wellness lagoon will have restaurants and retail, and a plaza will be home to a worship center, park and entertainment venue. 

The development will not only promote health and wellness but sustainability as well. About 60% of the site is untouched and will remain in its natural state, according to the Puerto Rico Conservation Easement Law. Additionally, the developed area has acres of green space, waterways and parks.

“Wellness tourism has been estimated as a $563 billion industry in 2018,” Greenfader said. “Puerto Rico is ideally situated to capture a large part of this market due to its central location, airlift and cruise traffic, U.S. medical doctors and great infrastructure.

“There are many medical treatments that can be done in Puerto Rico for a fraction of the cost—and you get to enjoy an amazing Caribbean vacation experience,” he added.

There are, of course, some challenges. “Less than 7% of Puerto Rico’s GDP is tourism based. For a Caribbean island with great beaches, people and infrastructure, this in incredibly low. The city of Ponce, in particular, has a convention center, port and airport that are highly underutilized,” Greenfader said, highlighting the project’s necessity.

He said the first challenge is to get the Municipality of Ponce and the Fiscal Board controlled by the U.S. Congress to fully use its assets. The second challenge—which is common in any large mixed-use project—is to provide the right combination of uses.

“The last challenge is financing,” he said. “In Puerto Rico, there are $20 billion of Community Development Block Grants for Disaster Relief. We trust some of that will be allocated to critical projects such as Ponce Paradise.”

Following meetings with the municipality, major medical associations, cruise lines and community leaders—each with their own concerns—Greenfader is confident that they will be able to address each group while also honoring Ponce’s natural surroundings.

Master Plan for Wellness City and Hospital

 

“Our job as project sponsors is to balance the concerns of each group with the stewardship of the environment,” he said. “The project must make economic sense but also be a valuable contributor to the local region, protecting and enhancing natural assets.”

Greenfader said that as hospitality as a whole faces its own challenges, differentiators like mixed-use developments are gaining more momentum.

“Airbnb and other disruptors have proven that the market is changing and that guests are seeking new experiences. Budget allocations, the desire to be together in large groups and ease of booking a reservation are just a few reasons the hotel industry is adding more residential units,” he said.

According to Greenfader, residential space generates revenue that can assist with the financing capital stack, while also creating a rental pool of additional units for the high seasons.

Ponce Paradise plans to offer three residential options: single-family homes, smaller vacation rentals and affordable “shotgun-style” housing, all with their own facilities and security.

Its attention to health, however, is the real differentiator, with nature serving as both the basis for its design and Ponce Paradise’s mantra.

“Everyone realizes that wellness is holistic; we don’t just treat the physical but the whole mind, body and spirit,” Greenfader said. “Doctors know that a patient’s success rate is often a result of a positive mental attitude. A cold, sterile room doesn’t necessarily lend itself to great health. Great architecture, beautiful landscaping, water vistas, amazing smells, community, etc., can make the difference between success and failure in a person’s treatment.”

Wellness extends far beyond simple offerings here. “Doing yoga with goats may not prove to have ‘legs,’ but resort wellness has just begun to take off. The reasons are simple: Industrialized nations are getting older, people are living longer, and with two billion new tourists coming from India and China, there are many more potential people for this market niche,” he said. “Some experts say the wellness resort industry is expected to double within the next 20 years and become a $1-trillion industry.”

The sustainability factor is also attracting hoteliers, especially in an area that’s been struck by natural disasters.

“Developers are starting to realize that a weather-related crisis can have a devastating effect on operational risk,” he said. “If a hotel cannot withstand hurricane-force winds, floods and mold, then it will suffer huge downtimes and repairs. In fact, hotels may not ever come back online at all.”

Greenfader said that hotel buyers are now evaluating their portfolios for climate risk and realizing that initially spending 15-20% more in construction costs to make a project resilient and sustainable makes good business sense.

“Developers also realize that if they can stay open during a crisis, their occupancy will be 100% or more,” Greenfader said. “During a relief and rebuilding period, hotels host thousands of relief workers, insurance adjusters and other critical workers. It’s a win-win to be resilient and sustainable.”

This couldn’t be more clear than at the current time, when Puerto Rico is beginning to recover from a series of earthquakes, which Greenfader noted had hit the south particularly hard—especially structures built before 1990, when codes were updated to bolster construction for seismic activity.

“The earthquake reaffirms that a project like Ponce Paradise needs to build a resilient infrastructure into its master plan and be forward-looking in its design,” he said. HB

ULI Roundtable on Climate Resilience in The Netherlands

ULI Roundtable on Climate Resilience in The Netherlands

 

 

ULI Climate Resilience Roundtable

 

The ULI Roundtable on Climate Resilience in The Netherlands was held to discuss how hurricane destruction in the Caribbean (and specifically Puerto Rico, Sint Maarten in 2017 and the Bahamas in 2019), reveals an urgency to rethink urban resilience and regeneration in the Caribbean. The ULI Roundtable brought together Dutch planners, designers, architects, engineers, financial institutions, developers, and investors to discuss new solutions and share global best practice. Specific issues focused on the Dutch knowledge and leadership on climate mitigation across urban design, development and investment. The two speakers included: 

Mr. Adam Greenfader, Chair of the ULI SE Florida/Caribbean Council – shared experiences and outcome advice from the ULI Advisory Services Panelists in the Municipality of Toa Baja, Puerto Rico after the catastrophic and deadly 2017 Hurricane Maria.

Mr. Henk Ovink, Dutch special envoy to the United Nations on Water, and flood expert shared insights into global climate change challenges and the Dutch resilience plans for both the Netherlands and Dutch Caribbean.

Some of the works discussed:

 

 

 

AG&T is a real estate development and consulting company founded in 1998 with headquarters in Miami, Florida. Our  track record spans over 55 real estate development projects in Puerto Rico, Sint Maarten, Costa Rica, Panama, Mexico, Dominican Republic, and various other Caribbean islands.

The Future of Tourism and Hospitality Panel

San Juan- “The Future of Tourism and Hospitality: Increasing Capacity and Competing in a New Caribbean Market”, will be the main topic to be discussed by a panel of experts on the subject, each one representing a sector in the ever-changing world of tourism and hospitality.

The chairman of the board of the PRBA, Eng. Emilio Colón- Zavala, stated that: “Through this panel, the Puerto Rico Builders Association (PRBA) will provide the space for a wide and varied discussion, which will cover the new trends in the Modern Tourism industry, as well as the importance of efficiently positioning Puerto Rico as a competitive destination in the Caribbean. Tourism with less than 7% of the islands GDP, is slated to become one of the pillars of our economic development and it is urgent to incorporate into our offer all new trends that continue to develop and evolve in the Hospitality Industry”.

The panel moderated by Adam Greenfader, Managing Partner of AG&T, will have the participation of:

  • Carla Campos- Executive Director, Puerto Rico Tourism Company
  • Pablo Maturana- Managing Director Development South America & The Caribbean, Hilton International
  • Rachel DeLevis- Policy Associate, AirBnB
  • Federico Stubbe- President, PRISA Group
  • Federico Sánchez- President and CEO, Grupo Interlink
  • Eric Berman- Chief Investment Officer, Lifeafar

 

This panel will be held on October 30, as part of the Forty-Sixth Annual Convention of the Puerto Rico Builders Association: “A Challenge to Build the Future”, which will take place at the Puerto Rico Convention Center on October 29 and 30.

 

###

About the PRBA

The Puerto Rico Builders Association is a private, non-profit organization.  Established in 1951, its main purpose is to represent leading developers and investors of housing, commercial, office, industrial and tourism projects. The Association also represents investors, suppliers, banks professionals and companies associated with development and construction in Puerto Rico. Its main objective is to promote and lead the planned, safe and sustainable development in order to serve as the island’s economic engine, in collaboration with Puerto Rico’s public and private sector.

 

Thought Leadership in Action

Hannah Greenfader Headshot Cartoon

 

Thought leadership in action

 

Congratulations to Hannah Greenfader,  one of our past thought leaders on helping achieve the Hazon Seal of Sustainability!  Your efforts are greatly appreciated and so needed in this time of great climatic change.

Hannah Greenfader is interned with the Miami- Dade County Office of Resilience researching sea-level rise strategies and creating content for educational programs about sustainability and resilience in Miami. 

Today, Hannah is program associate at World Wildlife Fund which was was founded in 1961 and is the largest privately supported international conservation organization in the world. As program associate, I am responsible for supporting “America Is All In” which is the most expansive coalition of leaders ever assembled in support of climate action in the U.S.

For more information about the AG&T thought leadership program contact us here.

 

AG&T is a real estate development and consulting company founded in 1998 with headquarters in Miami, Florida. Our  track record spans over 55 real estate development projects in Puerto Rico, Sint Maarten, Costa Rica, Panama, Mexico, Dominican Republic, and various other Caribbean islands. Our thought leadership program includes mentoring students from the University of Miami Master of Real Estate Development program in finance, sales, and Caribbean development.

 

 

 

Hannah Greenfader Headshot Cartoon

ULI Caribbean Resiliency and Rebuilding Continues

Big shout out to many of you who flew in from across the country and Puerto Rico to attend our third Caribbean roundtable in Miami. It was evident from the discussions and presentations,  that the Caribbean region continues to offer a wealth of opportunities as well as challenges.  Our theme at yesterday’s roundtable was centered around ULI efforts in resiliency and rebuilding.

The panel discussion started with a report by Mr. Tom Roth of Grass River Property on Puerto Rico. Tom travelled the island last year as part of the ULI Advisory Service Panel thanks in part to the   the support of The Kresge Foundation and our local District Council. The ULI Advisory Services Panelists spent a week in the Municipality of Toa Baja, Puerto Rico, to provide expert advice on enhancing recovery efforts after the catastrophic and deadly 2017 Hurricane Maria. Tom Roth’s presentation during our roundtable highlighted some of the lessons in dealing with rebuilding, seizing the opportunity to build on higher ground, and the availability of Federal funds for rebuilding homes for Puerto Rican familes.  

To download the full report: https://americas.uli.org/wp-content/uploads/sites/2/ULI-Documents/ULI-ASP_Report_ToaBaja_PR_Final.pdf

While at this moment it is still very dangerous to access Abacos, Bahamas, Gene Budler of DCK presented some real time images of his recent relief trip to Abacos.  The images of the destruction are truly unbelievable with tons of waste, destroyed homes, and obliterated life infrastructure.   As the relief cycle continues, we will be tracking the situation. There is a clear need for stronger, better planned, and more resilient construction. It is our hope to be able to help the Bahamas with some solutions to the massive rebuilding efforts. If you are interested in helping there are multiple organizations. One such group recommended by Gene is MedStar out of Houston, Texas. 

As part of our on-going effort to increase our engage with the Caribbean, we are planning a Caribbean study cruise in 2020. The idea of the cruise is to bring together some of the top minds in resiliency for an comprehensive educational summit.  In addition to the seminars, we plan on visiting several islands that have been affected by the recent hurricanes. If you are interested in helping organize the study cruise please reach out to either Max or myself.  As a reminder, this roundtable is open to non-members as guest to start but is a benefit for ULI members.  To join please visit:  https://americas.uli.org/membership/join/ If you have any questions, please call 1-800-321-5011 or contact Max Helden. 

We are looking to plan a December networking event for this group and then will schedule the next content-oriented roundtable for 2020. 

Thank you all again for your participation and to our very kind sponsor Paramount Miami World Center for hosting the event and lunch. You can learn more about our ULI Caribbean Engagement at https://seflorida.uli.org/get-involved/caribbean-engagement/

Puerto Rico Takes a Big Bite of the Big Apple

October 1, 2019, New York City– The Puerto Rico Builders Association takes a  big bite of the Big Apple at the 2019 Bisnow National Real Estate Finance Summit. The National Real Estate Finance Summit is one of the most esteemed, high-level, and best attended event in the nation. This year was no exception with over 300 attendees from finance, capital markets, financial advisory, private equity, and real estate.

The Puerto Rico panel included Ing. Emilio Colón Zavala,  President of the Puerto Rico Builders Association/ ECZ Group,  Eric Berman,  Chief Investment Officer at Lifeafar, Jorge Ruiz-Montilla, Capital Member and Chairman of the Real Estate & Finance Practice Group at MCconnell Valdes, Philip Carroll,  Director of Finance at Royal Palm Companies and Adam Greenfader, Managing Partner of AG&T.

Ethan Penner, best known  for creating the CMBS  market, key noted the event with insight on “high conviction investment themes.”  The Puerto Rico panel drew much interest at the Finance Summit. “We were impressed to hear from the leaders of the financial markets in New York that they see Puerto Rico as a great opportunity,  explained Emilio Colón Zavala. With less than 7% tourism GDP, there is room for 15,000 more hotel keys.’

Philip Carroll of Royal Palm Companies , concurred with the assessment of hospitality demand and explained some of the island’s competitive advantages in Puerto Rico including the ability to leverage Tourism Tax credits with Opportunity Zone incentives. Royal Palm is currently developing a 1,000 key hotel and marina resort on the island.  

 

Pictured Left to Right: Adam Greenfader, Emilio Colon Zavala, Philip Caroll, Marcial Diaz

 

The panel received multiple questions throughout the presentation.  Of particular interest, was the level of detail and financial sophistication about Act 20/22. Jorge Ruiz-Montilla explained some of the benefits of the laws and highlighted the island’s economic and political stability.

When asked, “Why now, why invest in Puerto Rico today”, the consensus of the group was clear…the numbers speak for themselves. “Puerto Rico  posted positive economic growth in 2019 and is forecasting a 2.5% GDP for 2020. We clearly hit bottom and with Billions of CDBG-DR money coming to the island in the next few years,  the time is now”, quoted Adam Greenfader, who moderated the Panel.

Lifeafar, a real estate investment and hospitality firm, recently expanded their operations from Medellin, Colombia to Puerto Rico.  “Puerto Rico is a place you can make a real change. Our investors want to make a good return on investment but also know they are helping to make a difference”, quoted Eric Berman.  

For more information about Puerto Rico,. You can join the Puerto Rico Builders Association on October 29-30 at their annual conference. See link attached. https://www.constructorespr.com/convencion/#eventbrite

 

About The Puerto Rico Builders Association

The Puerto Rico Builders Association is a non-profit organization established in 1951. The PRBA is the local chapter for the National Association of Home Builders (NAHB) and the Urban Land Institute (ULI). We proudly represent the leaders in housing, commercial and industrial and tourism sectors. We also represent investors and professionals related to the Puerto Rico’s real estate development and the construction industries. Our main objective is to promote and lead planned development, that is safe and sustainable, as to serve as an a principal productive economic driver motor for our island, in collaboration with the private and public sectors in Puerto Rico.

About AG&T

AG&T is a real estate development and consulting company founded in 1998 with headquarters in Miami, Florida. Our  track record spans over 55 real estate development projects in Puerto Rico, Sint Maarten, Costa Rica, Panama, Mexico, Dominican Republic, and various other Caribbean islands.

 

 

Honored to represent Ponce Paradise – Nos honra representar a Ponce Paradise

 

 

We are honored to have been selected to represent Ponce Paradise – a magnificent parcel in Ponce, Puerto Rico within the land of great history, arts, culture, energy, and elegance.   Due to the volume of messages our team has received from recent Puerto Rico publications in El Nuevo Día and La Perla del Sur, we humbly extend our gratitude for the passionate letters of support, hope, and mutual environmental awareness.  We share in the excitement for Ponce’s growth.   

Our dedicated team was recently commissioned by several Puerto Rican families that have been living in Ponce for generations.  At AG&T- Puerto Rico, we are a development and boutique brokerage firm and have active on the island for the over 25 years.  Together with Douglas Elliman’s Oceanfront International group, a leading National brokerage company, we have been entrusted to manage the sales and marketing for Ponce Paradise.  In order to honor, preserve and elevate Ponce’s unique resources, we sought the collaboration of a two internationally recognized architecture and land planning firms, Winstanley Architects & Planners and Land Design.

Together we have created some initial development concepts for a world class medical and tourism destination. Ponce Paradise is undoubtedly a grand and lofty vision that will necessitate the input from community, government, and other key stakeholders alike. We understand this is a long process but one that together can lead to the creation of a once in a lifetime iconic development.    

Our guiding principles for the conceptual drawings are: 

  1. to preserve and elevate Ponce’s unique resources with sustainable and eco-friendly land planning leaving over 60% of the site intact.
  2. to help maximize Ponce’s already existing 21st century infrastructure, airport, port, and convention center.
  3. to offer robust opportunities of beneficial economic prosperity with services catering to Puerto Rican communities and tourists alike
  4. to attract quality developers and investors with strong visions of sustainability and resilience to natural environmental forces
  5. to build upon a longstanding sense of community pride and appreciation for Ponce’s existing regality

The potential of Ponce Paradise is one that cherishes the past, respects the present, and paves the way for a new future.  We are humbled to be part of this vision.  

 

–

–

Nos honra haber sido seleccionados para representar y mercadear para la venta a Ponce Paradise, una magnífica parcela privada en Ponce, una ciudad de gran historia, arte, cultura, energía y elegancia. Debido al volumen de mensajes que nuestro equipo ha recibido por las publicaciones recientes en los periódicos El Nuevo Día y La Perla del Sur, les extendemos nuestro agradecimiento por las apasionadas cartas de apoyo, esperanza y conciencia ambiental mutua.

Compartimos en el entusiasmo por el crecimiento económico de Ponce. Nuestro dedicado equipo fue contratado por varias familias puertorriqueñas que llevan décadas viviendo en la isla y en Ponce.  Nosotros en AG&T- Puerto Rico tenemos más de 25 años en Puerto Rico y estamos trabajando en colaboración con un grupo de corredores de los Estados Unidos – OceanFront International Group de Douglas Elliman y los arquitectos Winstanley Architects y Land Design.  

Este concepto inicial busca ofrecer una idea preliminar de como podría desarrollarse estos predios en Ponce resaltando la sostenibilidad, su proximidad a la facilidades de transportación y su potencial. Estamos claros que algunos de los conceptos iniciales se descartaran y otros se incorporaran. Siempre hemos estado abiertos a los comentarios que se nos han brindado y el deseo final es que se desarrolle algo que sea de beneficio para Ponce y por esto nos sentimos honrados de ser parte de esta visión.

Nuestros principios para el diseño conceptual generado son:

  1. Honrar, preservar y elevar los recursos únicos de Ponce con una planificación sostenible y ecológica donde se incorpora energía sostenible, cosechas en sitio para el uso directo e indirecto del desarrollo propuesto y dejando intactos mas del 60% de los predios en su totalidad.
  2. Por su localización única próxima al aeropuerto, puerto maritimo, centro de convenciones y playas únicas de Ponce, se desea continuar incentivando y darle uso adicional a estos grandes recursos
  3. Ofrecer oportunidades sólidas de prosperidad económica beneficiosa con servicios que atienden tanto a las comunidades puertorriqueñas como a los turistas.
  4. Atraer a desarrolladores e inversionistas de calidad con visiones sólidas de sostenibilidad y resiliencia a las fuerzas ambientales.
  5. Inculcar un sentido de orgullo y aprecio de comunidad por la rica historia y vida cultural de Ponce.

El potencial de Ponce Paradise es uno que aprecia el pasado, respeta el presente y prepara el camino para un nuevo futuro.

 

 

AG&T to speak at NYC Finance Summit

Puerto Rico Panel

 

Join AG& T and the Bisnow team on September 24th as we unpack everything you need to know about capital markets, the lending and investment climate, who’s buying and who’s selling, how to land your next deal, and how to weather future unpredictable factors.The National Real Estate Finance Summit has historically been the most esteemed, high-level, and best attended event in the nation. This year, Puerto rico will be highlighted at the event with a selection of the top industry professionals in law, tax, construction, finance and development. Mark those calendars because as always, Bisnow promises plenty of networking opportunities to connect in a fun and fast-paced atmosphere in the Big Apple.   For more information. See you there!