{"id":2802,"date":"2021-05-18T13:17:37","date_gmt":"2021-05-18T18:17:37","guid":{"rendered":"https:\/\/1reason.com\/re\/international-land-alliance-announces-vineyard-expansion-at-valle-divino\/2802\/"},"modified":"2021-05-19T08:17:37","modified_gmt":"2021-05-19T13:17:37","slug":"international-land-alliance-announces-vineyard-expansion-at-valle-divino","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/international-land-alliance-announces-vineyard-expansion-at-valle-divino\/2802\/","title":{"rendered":"International Land Alliance Announces Vineyard Expansion at Valle Divino"},"content":{"rendered":"
<\/p>\n

The expansion is moving forward after successful results from two test vineyards planted in anticipation of the eco-friendly community’s completion. The site was approved for additional planting after location, soil nutrients, drainage, and other criteria were analyzed. Upon completion, the vineyard will consist of Malbec, Cabernet Sauvignon, Merlot, Tempranillo, Syrah, Mourv\u00e8dre, Petit Verdot, Viognier, Nebbiolo, Pino Noir and Zinfandel grape varieties.<\/p>\n

\u201cWe continue to make significant progress with the planning, development, construction and marketing of the Valle Divino project,\u201d said Roberto Valdes, President & Chief Executive Officer of ILAL. \u201cThis site is uniquely situated to attract customers from the Southern California region, where home prices continue to break monthly median price records. In March, median prices grew between 10% to 18% in Southern California counties to between $430,000 and $835,000. In contrast, 50 miles south of San Diego at our Valle Divino development, residential lot prices start at $49,000 and completed homes start at $89,000. This value to home buyers, combined with new eco-friendly construction features and technology like self-contained solar, is driving strong interest at Valle Divino and our other properties in the region.\u201d<\/p>\n

Valle Divino Resort is part of a master planned residential community with 1,250 acres of fantastic topography, supporting resort and residential facilities with views toward the mountains and sea. ILA broke ground on the Valle Divino development in July 2020, and completed its first stage of construction in January 2021. The community will ultimately feature 650 homesites overlooking the internationally renowned Bajamar Ocean Front Hotel and Golf Resort, as well as the Pacific Ocean.Valle Divino sits on the western edge of the Guadalupe Valley, Baja\u2019s premier wine region with over 175 wineries.<\/p>\n

ILA has also recently completed additional survey and engineering, as well as site preparation infrastructure for model homes in Phase I (184 homesites).<\/p>\n

In Southern California, housing prices are rising in all corners of the region, according to March 2021 data released from real estate news and data firm D<\/em>ata<\/em>Q<\/em>uick<\/em> Information Systems<\/em>:<\/p>\n