Prefab Structures Supplier Bags Project In Puerto Rico

by Miguel R. Camus, Philippine Daily Inquirer

Revolution Precrafted, a homegrown supplier of prefabricated structures, announced its entry into Puerto Rico, its ninth international market.

The company said it had partnered with real estate firm Grupo Cacho of Puerto Rico to supply over 2,000 residential villas on the offshore island of Vieques and in a property near Boqueron Bay Cabo Rojo, Puerto Rico.

“This new venture represents a significant step as we strive to do our part to help revive the tourism infrastructure and help rebuild Puerto Rico. We want to address the pressing concern on the lack of housing units in Vieques and the surrounding islands, Robbie Antonio, founder and CEO of Revolution Precrafted, said in a statement.

Antonio said the projects would be implemented in two phases.

For the initial phase, he said Revolution Precrafted and Grupo Cacho had agreed to build 27 mid-range and luxury residential units on a projected 4.2-hectare property along the state road in Vieques.

The houses will range from 200 to 250 square meters, standing on 1,000 square meter lots. These houses will be built across the W Retreat Hotel in Vieques and will have a total cost of $13.5 million.

The next phase will cover the rest of the homes near Boqueron Bay.

These will be two to three-bedroom villas with an average cost of $250,000.

Revolution Precrafted has been on an expansion spree, bagging over $6.63 billion worth of projects over the last six months.

This included the $3.2-billion partnership with Seven Tides for “The World Islands” in Dubai.

In the Philippines, it partnered with Century Limitless Corp. for the $1.1-billion Batulao Artscapes in Nasugbu, Batangas, the $750-million Revolution Flavorscapes in Mexico, Pampanga and the $125-million Puerto Azul residential project.

 

Revolution Precrafted Ties Up With Grupo Cacho To Build 2000 Houses In Puerto Rico

by Today In New York

Revolution Precrafted to supply over 2,000 houses to two locations in Puerto RicoNEW YORK, NEW YORK, UNITED STATES, May 21, 2018 /EINPresswire.com/ — Revolution Precrafted, one of the strongest property-tech companies in the world, is expanding into its 9th international market, as it signs an agreement with Grupo Cacho of Puerto Rico to supply over 2,000 residential villas in Vieques and on another prime location on a 212-hectare near the world famous Boqueron Bay Cabo Rojo, Puerto Rico.

This will help plug the deficit in the number of available housing units in the hurricane-hit Caribbean territory.

“We want to address the pressing concern of the lack of housing units in Vieques and the surrounding islands, said Robbie Antonio, Founder and CEO of Revolution Precrafted.

Puerto Rico is an island nation located in the northeastern portion of the Caribbean Sea, and is a commonwealth of the United States. It is primarily known for its white beaches and the El Yunque natural forest. In 2017, Hurricane Maria plunged the nation and its 3.4 million residents into a housing crisis. Estimates from Puerto Rico’s housing agency estimates that as many as 300,000 houses damages, with about 70,000 of them destroyed.

The Puerto Rico undertaking will be implemented in two phases. Revolution Precrafted and Grupo Cacho agreed to build 27 mid-range and luxury residential units on a projected 4.2-hectare property in Vieques. The houses will range from 200 to 250 square meters, standing on 1,000 square meter lots. These houses will be built across the W Retreat Hotel in Vieques, Antonio revealed, and will have a total cost of $13.5 Million.

The bigger bulk of the partnership would start towards the first quarter of 2019.

“This phase will cover the construction of about 2,000 homes on a projected 212-hectare near the world famous Boqueron Bay in Puerto Rico. These will be 2 to 3-bedroom villas measuring 150 square meters, standing on an average lot size of 600 square meters,” Antonio explained.

The residential villas will have an average cost of $250,000 and will take three years to complete.

For his part, Cacho said there is also an option to increase additional units depending on market demand. He is confident that the additional homes will help stabilize the supply of houses in Puerto Rico.

“This is crucial following the devastation brought about by Hurricane Maria. In our own way, we want to ensure that the people of Puerto Rico will have access to more housing options,” Cacho added.

Vieques is known for its breathtaking beaches, wild horses and bioluminescent bay. Meanwhile, IPuerto Rico, is one of the most popular destinations in the Caribbean basin. Tourism accounts for 10 percent of the country’s gross domestic product, and tourism receipts reach $7Billion each year for the country.

Over the past six months, it has bagged over $6.63 Billion worth of big tickets projects including the $3.2 Billion partnership with Seven Tide, for “The World Islands” in Dubai, and the $1.2 Billion Okkyin project in Myanmar with KT Group. Last month, it signed a $300 million dealership agreement with Novo Development Ltd. to build at least 1,000 homes in the Caribbean nations of Trinidad and Tibago, Guyana, Jamaica and the Bahamas. It also landed a deal to build 85 luxury resort villas in Okinawa, Japan.

In the Philippines, it partnered with Century Limitless Corporation for the $1.1 Billion Batulao Artscapes in Nasugbu Batangas, the $750 Million Revolution Flavorscapes in Mexico, Pampanga and the $125 Million Puerto Azul residential project.

Meanwhile, Grupo Cacho, a trailblazer in residential, hotel and commercial development, has over $1B worth of projects built and at various exciting new projects in inventory set to be completed in the next 5 years. Martineau Bay Resort in Vieques, a luxury hotel and villa development completed in 2001, later sold and rebranded as the first Caribbean W. Hotel, is one of the company’s flagship projects, an icon in Puerto Rico’s tourism industry.

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Antonio-led Precast Firm Bags Puerto Rico Project

by Business Mirror

REVOLUTION Precrafted Inc., the precast property development company led by the Antonio family, said it signed an agreement with real-estate firm Grupo Cacho of Puerto Rico to supply over 2,000 residential villas on the offshore island of Vieques and on another prime location of a 212-hectare area near the Boqueron Bay Cabo Rojo, Puerto Rico.

Puerto Rico is the company’s ninth international market. The project is expected to help plug the deficit in the number of available housing units in the hurricane-hit Caribbean territory.

“This new venture represents a significant step as we strive to do our part to help revive the tourism infrastructure and help rebuild Puerto Rico. We want to address the pressing concern of the lack of housing units in Vieques and the surrounding islands,” said Jose Roberto R. Antonio, CEO of Revolution Precrafted.

Antonio, also managing director of listed firm Century Properties Group Inc., added the Puerto Rico project would be implemented in two phases.

For the initial phase, he said the two companies agreed to build a total of 27 mid-range and luxury residential units on a 4.2-hectare property along the state road in Vieques.

The houses will range from 200 square meters to 250 sq m, standing on 1,000-sq-m lots. These houses will be built across the W Retreat Hotel in Vieques, and will have a total cost of $13.5 million, the company said. Meanwhile, the bigger bulk of the partnership would start toward the first quarter of 2019.

“This phase will cover the construction of about 2,000 homes on a projected 212-hectare site near the world-famous Boqueron Bay in Puerto Rico. These will be two- to three-bedroom villas measuring 150 sq m, standing on an average lot size of 600 sq m,” Antonio said.

The residential villas will have an average cost of $250,000 and will take three years to complete.

For his part, Cacho said there is also an option to increase additional units depending on market demand. The company is confident the additional homes will help stabilize the supply of houses in Puerto Rico.

Vieques, the small Puerto Rican island located 13 kilometers east of the mainland, is known for its beaches and wild horses, and is considered one of the main attractions in Puerto Rico, a US territory.

“We are eager to maximize this new business opportunity and look forward to playing an integral role in forming a thriving, spirited island; rebuilding is our only north at this time,” Antonio said.