SCS Capital has been engaged as the Senior Project Manager for Pacific Plaza, a 22 hectares tract of land that is to be developed into a state-of-the-art, class A, master planned, self-sufficient and fully integrated Continuing Care Retirement, Residential, Medical and Retail Campus in Guanacaste, Costa Rica. The project will cater to those seeking affordable healthcare and a permanent residential location in one of the most beautiful areas in all of Costa Rica. Strategically located between the country’s international airport and pristine beach areas home to some of the world’s most renowned resort communities, will be Pacific Plaza, Health and Living.
The long-term vision is to develop this project to offer comprehensive and affordable residential, medical, social and wellness services to the age 55+ adult population in a CCRC environment. As these residents age and their physical capabilities become more and more limited, they will be able to utilize the other residential components of the Campus that will cater specifically to their increasing needs.
Although the local population in the region will receive the primary benefit Pacific Plaza will offer, statistics reveal that the number of Americans alone traveling abroad for medical care is expected to reach 6 million in 2011, up 700% from 750,000 in 2007.
Phase One of the development will be anchored by the country’s most prestigious health care provider located in San Jose. CIMA Guanacaste will offer all of the medical facilities currently offered at CIMA San Jose, yet initially on a smaller scale. Other amenities to be immediately offered in Phase One of the development will include medical office, medical retail and general retail. Construction is beginning in June of 2010.
Phase 2 will include residential units to include single family, duplex and multi-family residences. Phase 3 will encompass an independent living and retirement and assisted living facility and, finally Phase 4 will include skilled nursing and memory care.
