The JW Marriott Residences Loreto will have two-, three- andfour-bedroom condos, as well as rooftop penthouses, priced betweenthe mid-$700,000 range to $3 million. The resort, set for a 2010phase-one completion, will also feature a two-story lobby, severalpools, a 35-seat theater and other amenities.
Developer NG Properties Mexico, which has obtained licensingrights to use the JW Marriott brand, is shooting for LEEDcertification. Plants indigenous to the site will be relocatedthroughout the resort upon completion, buildings will use solarpower generation and the developer plans to useenvironmentally-friendly building materials.
NG Properties Mexico is a subsidiary of Pinnacle DiversifiedLLC, which is headed by Neil Ginsberg. A co-managing partner in thedevelopment is James Spano with Spano Partners Holdings, based inMillstone Township, NJ.
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