ICON Vallarta, New $200 Million Luxury Development by Related International, to Bring Urban Style and Design to Mexico's Bahia de Banderas Coast

Oceanfront Condos in Puerto Vallarta to Feature Renowned Design by Yoo by Philippe Starck

The Related Group, the largest developer of high-end residential condominiums in the U.S., has unveiled plans for ICON Vallarta, a new $200 million luxury development in Puerto Vallarta, Mexico. Scheduled to break ground in mid-2007, the full-ownership, luxury condominiums will be situated on five acres of stunning oceanfront property with exclusive beach access, and located just minutes from downtown Vallarta's world class restaurants and galleries.

Developed by Related International (a subsidiary of The Related Group) and designed by Yoo by Philippe Starck, the 343-unit upscale condominiums will include one-, two- and three-bedroom oceanfront residences -- many with private elevators. Prices will range from the low $200,000s up to $1 million, an unattainable value for an equivalent product in most U.S. markets.

"ICON Vallarta will set a new standard for beachfront residences in Mexico and be the most exclusive condominium residence to rise along Puerto Vallarta's Bahia Banderas," said Roberto Rocha, president of Related International. "Not only is this an exquisite location, but the finished product will be unlike any other condominium ever developed in Latin America with respect to style, design, amenities and services."

ICON Vallarta will retain the trendy, hip and modern flavor of The Related Group's other ICON properties, ICON Brickell and ICON South Beach in Miami. Both were created by renowned design firm Yoo by Philippe Starck, which has fashioned numerous chic Ian Schrager hotels as well as the Delano Hotel in Miami Beach.

The three, 26-story towers of ICON Vallarta will bring the outdoors inside with floor-to-ceiling windows that take advantage of the captivating views of the Pacific Ocean, mountain ranges and downtown Puerto Vallarta.

ICON will feature unexpected design elements and a whimsical yet luxurious flair which play off its natural surroundings. The property's exterior will subtly mimic ocean waves while seven pool villas will be set amongst lavish gardens. A shallow pool will flow through the lobby of the first tower permitting owners to stroll over a bridge on their way to their elevators. Outside the second tower, owners will dine at a bistro and bar while seated at tables set within the water of another pool. A third pool will be divided into Olympic-length lap and recreation, appearing to flow over its infinity-edge into the Pacific Ocean. Enclosed in a hacienda-style wall to ensure privacy, a collection of Mexican art sculptures will surround the building.

Interior highlights of the residences include smooth-finished, 10-foot ceilings; terraces with undulating glass railings accessible from bedrooms and living rooms; spacious outdoor balconies with a lounging area; Italian cabinets and stone countertops in the kitchen, and modern master bathrooms with grand walk-in closets, limestone flooring and vanity top, and a walk-in marble shower.

ICON Vallarta owners will find an array of personalized amenities typically found in a Five Star resort, including 24-hour security service; in-room dining service and personal chef; world-class concierge services; Currency conversion and exchange services; pre-arrival grocery provisioning; pet services; preferred theatre and event tickets, and translation services.

Sales reservations are now open.