What is the project? Icon Vallarta will consist of three 26-story high-rise luxury towers comprised of 336 condominiums with 7 spectacular ocean villas fronting the Pacific Ocean. Designed by the internationally acclaimed architectural firm, Arquitectonica (www.arquitectonica.com), and with interiors designed by the world-renown firm of YOO by Philippe Starck (www.yooarehere.com), Icon Vallarta will be the ultimate in luxury condominium living in Puerto Vallarta. The project is being developed by The Related Group and Grupo Chartwell. The complex is right on Bahia Banderas offering expansive views to the West of the Pacific Ocean and to the East, the old City of Puerto Vallarta, its famed Malecon and the its fantastic mountain ridges.
The project will be enclosed by a hacienda-style wall transforming Icon Vallarta into a private oasis. The
entryway to the towers will be through a lushly landscaped private drive and a porte-cochere in front of each tower.
The lobbies will offer fantastic spaces furnished and imagined by YOO by Starck. They will be completely open to amazing lush gardens surrounding a contemporary, 500 foot long pool. Along the edge of the property, seven ocean view villas with private pool decks face the beach and the ocean. Tell me more about Related Established in 1979, The Related Group is the US’s leading builder of luxury condominiums ranking first in 2005 in gross revenue as well as in number of units built. Founded by the visionary Chairman and CEO, Jorge M. Pérez, the Related Group has become a internationally recognized leader in the development industry, with projects currently being developed valued in excess of $10 billion.
The vision of The Related Group is to create vibrant buildings that serve as catalysts for the development of
dynamic cities and that celebrate forward-thinking architecture, interior design and urban planning. It is this passion for “what’s new and what’s next” that continues to fuel the company’s success in its effort to build better communities.
To learn more about The Related Group, please visit: www.relatedgroup.com Tell me more about Grupo Chartwell Founded by Carlos Ancira in 1994, Grupo Chartwell is a leading real estate developer company in Mexico.
Grupo Chartwell has been active for more than 12 years in the development of business and luxury hotels,
retail centers, high-end condominiums and master plan developments throughout Mexico.
Strong partnerships with other leading entities such as Strategic Hotels and Resorts, Credit Suisse,
Goldman Sachs, Kimco Group, and Equity Group International have significantly contributed to Grupo
Chartwell’s success in its diverse businesses and projects.
Grupo Chartwell’s partnership momentum and
real estate experience in Mexico triggered the undertaking of a new endeavor – ICON Vallarta, with a new
partner –The Related Group. Why is The Related Group entering Mexico? The Mexican real estate market has evolved over the last several years making it a great place for international buyers, both in terms of price and legal framework of ownership. There is a constant flow of buyers looking for authentic Mexican flavor while desiring the comfort and finish levels of their own homes.
Mexico is the natural extension for the second home owner and tourist from the U.S. and Canada. Mexico offers the perfect escape from the cold winters of the North and has incredible weather, beaches, and landscapes. Why Puerto Vallarta? The Related Group strongly believes in places and towns with character; places where people live, play and enjoy life. Puerto Vallarta is such a place. It is a delightful Mexican town with a beautiful “Malecon” and a buzzing downtown. Beaches and views of the surrounding mountains are world-class. Its collection of art
galleries and high-end cuisine make it a standout in Mexico.
Puerto Vallarta is the natural playground for the affluent of Guadalajara and Mexico City in addition to Americans, Canadians, and a consistently growing number of European tourists. Amidst the spectacular surroundings, Icon Vallarta will juxtapose a very modern architectural design with the
whimsical and magical interiors by YOO. Who is Philippe Starck? Widely acknowledged as the world’s preeminent contemporary designer, Philippe Starck has set the standard for excellence in all facets of design from products to interiors to residential developments.
His work, both collaborative and solo, has appeared in numerous exhibitions around the world at celebrated
museums such as the Brooklyn Museum of Art in New York, The Musée des Arts Décoratifs in Paris and The Design Museum in London. Learn more at www.philippe-starck.com. Tell me about Yoo by Starck? In 1999, Starck joined John Hitchcox, who is considered one of Europe’s most innovative property developers, to launch YOO, a design-focused development company. Grounded in the belief that design, marketing and branding add value to commercial and residential developments, YOO works in collaboration with development partners around the globe.
Over the last seven years, YOO and its international partners have contributed to a variety of landmark buildings and residential projects in major cities throughout Asia, Australia, Europe, North and South Americas and the Middle East. What is the Icon brand and what does it mean? The Icon brand is known for raising the bar on condominium living with highly stylized amenities and worldclass design. This combination creates uniquely appealing and livable spaces. Please visit www.iconsouthbeach.com and www.iconbrickell.com to view two of the most astonishing Icon projects being developed in Miami. Can foreigners own property in Mexico? Yes. Foreigners can own real estate (whether lots, land, houses or condos) in fee simple, just like a Mexican, except in the area known as the restricted zone, which is located along the borders (within 100 kilometers of the borders) and the coastline (within 50 kilometers of the coastline).
Usually foreigners acquire real estate in the restricted zone through a trust agreement known in Mexico as a Fideicomiso (pronounced “FEE-DAY-E-CO-ME-SO”), whereby a Mexican Bank is appointed as Trustee, and the foreign buyer is appointed as Trust Beneficiary. The Trust
Beneficiary has the right to use and enjoy the real estate as well as the right to instruct the Trustee to sell or transfer the real estate. The term of the Trust Agreement is for 50 years and such term is renewable. Is Title Insurance available? Yes, Stewart Title Guaranty de Mexico is authorized to issue title insurance policies in Mexico. Additionally, First American Title Insurance Company, has reached an agreement with Grupo Nacional Provincial, S.A. (a Mexican Insurance Company) in order for Grupo Nacional Provincial, S.A. to issue title insurance policies for real estate properties located in Mexico. | 
