Fort Lauderdale, FL (PRWEB) January 06, 2012
Hacienda Matapalo, the best selling Costa Rica real estate development on the country's South Pacific coast, today announced it has finalized a strategic alliance with Island Resorts Trust LLC, a Florida-based company that has more than 45 years and over $500 million of development and construction experience across the U.S. and the Caribbean.

"This is a great and important step for us and our owners," said Pegasus Star Ltda. Chief Executive Officer David Matluck, whose company is developing the 665-acre master planned gated community, located between Quepos and Dominical on the Costanera Highway. "This alliance allows Hacienda Matapalo to be developed and actually built. We are going vertical with an experienced development team, which in Costa Rica is not an easy thing to do."

Island Resorts Trust, a cutting edge developer, utilizes the latest green technology and has successfully developed more than $500 million in high end large scale projects including Jupiter Harbour in Jupiter, FL,, The Beachfront at Juno in Juno Beach, FL and The Waterfront at Juno in Juno Beach, FL.

"Most of 2011 had been spent on engineering and building our initial infrastructure," Matluck explained, as they had to transform what was essentially a giant farm into what will become Costa Rica's premiere gated community with spectacular panoramic ocean views. "Everything from the roads, curb and gutter, the water system, the electrical and the drainage systems had to be built before Hacienda Matapalo could come to this moment. Now with the main infrastructure nearly complete, the Costa Rica rainy season over, we are ready and preparing to set closing dates for home sites and begin vertical construction of homes and condominiums."

Matluck expects the first home site closings to begin at the end of January with the closing agent being Stewart Title Guaranty Company, one of the oldest, largest and most respected title companies in the world. Stewart's International Group delivers closings in more than 80 countries - spanning Asia, the Americas, Europe and Africa - through a network of regional offices in Australia, Canada, the Caribbean, Europe, Latin America and the U.S.

"Once we start delivering the deeds to our homeowners, we will be well on our way to becoming something special," said Matluck.

And something special it will be!

Residents at Hacienda Matapalo will enjoy a resort-like lifestyle including a Private Beach Club, Equestrian Center, Clubhouses featuring panoramic ocean views and infinity edge pools, Tennis and Basketball Courts, multiple picnic and gathering areas and a fabulous playground. The natural wonders of this master planned resort development include abundant waterfalls, bustling streams, lush forests, majestic mountains, all the exotic birds and wild life Costa Rica is famous for, tranquil lakes and access to 26 miles of virgin beach that was recently named the second-most eco-friendly beach in the world by CNN Travel and Mother Nature News.

In addition to the extraordinary lifestyle, residents will also benefit from many conveniences including gated security, Private Equity Residence Club, rental and management services, concierge and maid services and a retail center to support the community's grocery, restaurant, medical, and other basic necessities and conveniences.

The grand entrance is the doorway to Hacienda Matapalo and it's only fitting that it includes natural lush landscaping and water features that reflect the ambience of the community and its proximity to the Pacific Ocean.

To learn more about Island Resorts Trust, visit the Bahamas Development web site: http://santamariabeachresort.com