Unfolding in Dominican Republic
SANTO DOMINGO, Dominican Republic - January 25, 2007 - This has been a busy year for Rôco Ki, the multi-billion-dollar luxury resort and residential development underway in the Punta Cana area of the Dominican Republic, as Phase I readies for opening in winter 2007/2008.
In 2006, Sarasota-based Michael Saunders & Company was appointed exclusive broker for the new 2,700-acre luxury oceanfront community and a U.S. $85-million long-term loan package was signed and approved to finance the continuing development of Rôco Ki. Upon opening, Rôco Ki will be one of the largest resort community developments in the Caribbean.
Rôco Ki looks northward on one of the most scenic untouched beaches in the Caribbean. The unique nature of the site has earned designation as one of the world’s finest by UNESCO (United National Educational, Scientific and Cultural Organization).
Phase I, now in active construction, will include:
Richard Knorr, Founder and Principal of Chicago-based Richard Knorr
International, is Rôco Ki’s visionary and developer. Knorr’s work
is already recognized in the Dominican Republic for the design and construction
of the Acropolis office and retail center in Santo Domingo.
Knorr found the scenery and the rich Taino heritage to create a perfect combination for the concept of the Rôco Ki resort community. In fact, Rôco Ki’s approximate translation means “honoring the land” in Taino.
“Honoring the land and honoring the Dominican Republic is what we are doing every step of the way with Rôco Ki,” Knorr summarized.
The exclusive residences being sold at Rôco Ki is another big part of the success story.
“Rôco Ki will add an entirely new dimension to the Dominican Republic, which is becoming the new place to be in the Caribbean. It will have new and different luxury enclaves, easy air access and unique cultural experiences,” said Michael Saunders, CEO, President and Founder of Michael Saunders & Company.
Rôco Ki’s private residences will be ready for occupancy beginning in 2007. The selection includes:
• Beachfront Residences. Three and four-bedrooms, dominated by soaring hand-tied palm roofs.Rôco Ki’s Future
Those who become a member of the Rôco Ki family will see more
upscale facilities and services, and future additions for the next 10 years.
Rôco Ki (Press Contact in the United States):
|Also See:||Geostar, Inc. Names Starwood to Operate 315-room Westin Roco Ki Beach & Golf Resort Now Under Construction Near Punta Cana, Dominican Republic / May 2005|
|Dominican Republic Allocates $30 million to Improvements in Puerto Plata Related to Beach Preservation, Water Processing and Sanitation Systems; Desires to Maximize Use for Substantial Boost in Tourism / August 2006|