Since 1998, Puerto Vallarta has experienced steady expansion of resort hotels and residential developments. Today, the core of Puerto Vallarta is virtually built out.  Not much buildable land remains, which limits expansion of residential construction. One of the reasons that the Mexican government is spending billions of dollars on infrastructure north of Puerto Vallarta is to generate growth along the coast.

 

New growth is concentrated in the northern part of the Bay of Banderas. However, the northern zone is considered, by some, to be too far from the excitement and old town charm of downtown Puerto Vallarta. With the reduction of inventory close to the action, sales prices for housing are increasing at a consistent rate.

 

Given these dynamics, Rivera Cuale offers a unique investment opportunity because it is one of the newest projects south of the Bay, with room to expand. Rivera Cuale is walking distance to the beach, and only blocks from markets and fine dining. While Rivera Cuale offers the excitement of downtown, it equally serves as a tranquil, riverfront oasis. Above all, Rivera Cuale is affordable in relation to its superior quality and desirable location.

 

On the evening of Tuesday, June 29th, I left the condos at Rivera Cuale and walked down to the Malecon. I was on my way to finally take a dedicated look at the many beautiful sculptures there. I had read that a new organization in town, Learn Vallarta, was taking over the Malecon sculpture tour because the local art gallery that was doing them previously had stopped for the summer season. Having lived here for almost two years now, I was actually a little ashamed of myself for not having gone on one of these free tours sooner, so I decided it was time to take advantage of the opportunity!