Cielo Mar Topography Reveals Beneficial Features, Master
Plan Underway, First Lot Reservations
BLOOMFIELD TOWNSHIP, MI -- May 04, 2017 -- InvestorsHub NewsWire
-- ProGreen US, Inc. (ProGreen), (OTCQB:
PGUS), http://www.ProGreenUS.com, @ProGreenUS, is a US company engaged primarily with
investments in agricultural and real estate projects in Baja
California, Mexico, both through its joint venture partnership with
Inmobiliaria Contel S.R.L.C.V. (Contel) and through its
majority-owned Mexican subsidiary Procon Baja JV (Procon), https://www.CieloMarBaja.com.
Procon is the developer of Cielo Mar, a 5,000 acre oceanfront
residential/resort project in Baja California.
With architects now actively working on the Cielo Mar master
plan, Procon is pleased to communicate that the first offer for
reservations of residential lots (total 30) - opened on April 11 -
has achieved stronger than expected results at this early stage. As
of today, the company has executed reservations agreements for 16
lots, representing a gross sales value of $1,180,000. Five
oceanfront lot reservations also include commitments for early
building, representing an additional value of $1,500,000 (assuming
3,000 sq.ft. homes). With over half of the 30 lots now reserved,
this first offer may already be closed within the month of May.
The topographical plans of the Cielo Mar site have been
completed and are now posted on the developments website. These
maps illustrate a terrain gradually ascending to an elevation of
250 ft within a mile of the shoreline, continuing to a high point
of 900 ft. This provides for spectacular ocean views from a large
portion of the development. In addition, the topography revealed a
natural land cutout that could be suitable for building a more
natural, inland marina.
Preliminary plans for the first execution phase include the
marina, one of three planned golf courses, upwards of 1,500 single
family home sites, as well as hotels, condominiums, sports
facilities, bars, restaurants, shops and other amenities.
Further details regarding the Cielo Mar development can be found
at https://www.CieloMarBaja.com.
Websites:
www.ProGreenUS.com
www.CieloMarBaja.com
Follow us on social media:
https://www.facebook.com/ProGreenFarms/
https://www.facebook.com/cielomarbajacamx/
https://twitter.com/ProGreenUS
https://progreenus.wordpress.com/
About ProGreen US, Inc.
PROGREEN US, INC., www.ProGreenUS.com, based in
Bloomfield, Michigan, is engaged primarily with investments in
agricultural and real estate projects in Baja California, Mexico,
both through its joint venture partnership with Inmobiliaria Contel
S.R.L.C.V. (Contel) as well as through its majority-owned Mexican
subsidiary Procon Baja JV (Procon). Contel is now active in the
high margin produce industry, growing crops for exporters to the US
market, with an abundance of land available for expansion under our
JV partnership. Procon has recently acquired 5,100 acres of land
with 4.7 miles of oceanfront on the Bay of El Rosario, for which a
master plan is being drawn for the development of a very large,
totally green, international vacation and retirement community
called "Cielo Mar."
Independent Stock Message Forum:
http://investorshangout.com/ProGreen-US-PGUS-65470/
This press release might contain information, which may
constitute 'forward-looking statements' within the meaning of the
Securities Act of 1933 and the Securities Exchange Act of 1934, as
amended by the Private Securities Litigation Reform Act of 1995.
'Forward-looking statements' are based upon expectations, estimates
and projections at the time the statements are made that involve a
number of risks, uncertainties and other factors that could cause
actual results or events to differ materially from those
anticipated.
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