A few weeks ago I assisted a presentation where the Playa del Carmen City Development offices presented some future plans for the urban growth of this Mexico Oceanfront city If you recall, Playa del Carmen is the fastest growing city in Mexico and many people quote it as the fastest growing metropolitan area of Latin America Along with population growth, comes the urban development, and the affects of rapid growth can be seen on the Playa del Carmen Real Estate prices If you wish to compare the real estate prices of Playa del Carmen with other regions of Mexico you can find some comparisons at www.TOPmexicorealestate.com
The growth of this city is evident when you drive into town off of the highway The city limits hav been creeping in leaps and bounds further north along highway 307 Before, the first traffic light was found on Av. Constituyentes, then another appeared 4 blocks further north, soon another appeared on Av. Colosio Today the first traffic light is off of the first pedestrian bridge At the City Office presentation, we got a peek at what is going on in Playa del Carmen in regards to the roads, avenues, and the new by-pass planned for development on the western half of the city They city officials are planning to turn the current highway of 307 going through town into a city boulevard Quite near to the Mayakoba Golf courses, the by-pass will veer off towards the west into the jungle and will lead all through-traffic out and around the metropolitan areas of Playa del Carmen The highway will return the drivers to the present day 307 out near Xcaret water park This can be seen on the map highlighted in color BLUE Along with this dramatic change, expect soon another two main avenues again to be built on the western half of the city designed to loop and connect the northern half of Playa del Carmen to the southern half
Two of these avenues on the books for future development include the middle loop highlighted in red in the map above This avenue is starting near the LaSalle high school and the Tech University in the northern part of the city and reconnecting to the old Hwy 307 near the taxi union building The inner loop, highlighted in purple above, starts about a kilometer further south of the universities, swings near to the new Americas Shopping Mall and reconnects to hwy 307 quite near to the Soriana Shopping Mall
The development plans for the downtown of Playa del Carmen, around 5th avenue, on the oceanside of hwy 307 continues to be designed guided towards the high tourist market and traffic from the out-of-country visitors which is estimated to continue growing drastically over the next 5 – 10 years Playa del Carmen`s lure and attractions for theserepeat visitors and tourists have been the little things, such as the palapa roofs, the swings instead of bar stools, and the architectural mixture of small commercial shops on the ground floor with their little departments overlooking the streets on the second and third floors
Along with these memorable Playa characteristics,there exists the lighthouse icon off of 10th street and of course…. the three wheeling bicycles I have been a fan of these three wheelers ever since moving to Playa You can buy tamales, snow cones, sharpen you kitchen knives, buy mangos all from the convenience of a moving three wheeler bicylce and his peddler Down on the docks that ferry you between Playa del Carmen over to Cozumel, the three wheelers are busy picking up tourists with their luggage and picking up locals with their goods to taxi them back and forth from the ships to 10th avenue and from the streets down to the ships You see all styles of these tricycles so when the Urban Development offices had a section of their presentation dedicted to some projects involving these…Icons… I thought it was a great ideaWe definitely will write more about this subject of the Playa tricycles in a later post.
If you have any further questions on what else is being planned on the tourist side of highway 307 and how this affects your real estate investment or you are planning to do some investing in Playa del Carmen, give us a call and we can discuss in depth these and other issues along with their opportunities
Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years and is federally certified as a realtor in Mexico. Founder and current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the company`s web site www.TOPmexicorealestate.com