Reported by The Star Staff
Juniper Capital, a real estate investment and development company based in Texas, in collaboration with Capital United, is creating what is being referred to as Puerto Rico’s Palm Beach, known as Moncayo, in Fajardo.
The development will encompass a 1,100-acre wooded coastline, featuring 400 residences, all priced from $3 million upwards, along with an extravagant Auberge Resort.
As stated by the company, Moncayo has been crafted to harmoniously integrate with the breathtaking landscape while nurturing genuine community connections and honoring the island’s natural surroundings.
With what the developers describe as a sustainable and innovative approach, this multi-phase community will weave together advanced education, comprehensive wellness initiatives, and genuine agricultural experiences with upscale residential living.
Carter Redd, the initiative’s president, remarked that after carefully working on a thoughtful and inspired new offering, “we take pride in introducing our community and reimagining the future of the island’s eastern coast.”
The design of Moncayo is the work of Hart Howerton, an architecture and land planning firm charged with crafting a timeless and lasting community experience. The resulting vision for Moncayo draws inspiration from the island’s rich history, including influences from Taino, Spanish colonial, and modernist eras, to create a refined tropical style that will characterize Moncayo.
Moncayo will also feature a luxury hotel with 68 rooms overlooking the ocean, which will offer world-class dining options and a wellness spa program.
Covering the entire estate, the Moncayo Ocean Club will boast an 18-hole championship golf course designed by Mackenzie & Ebert, along with a Family Short Course available for resident members and their guests.
According to the developers, the club will position Moncayo as a distinct destination with its unparalleled offerings, including direct access to boating and water activities, a private beach island experience, a golf and training facility, a private clubhouse for residents, and a sports complex equipped with stadium-style courts for tennis, pickleball, and paddle tennis.
In addition, personalized performance training programs will be available throughout the club and residential community. Aimed at enhancing longevity and overall wellness, each resident will have access to unique healing programs, tailored athletic movement training, and a kitchen designed to enhance their daily living.
As reported by Bloomberg, Moncayo represents the most ambitious project for the area, which has a history of unsuccessful developments. Previous developers had proposed a $230 million plan to establish a Four Seasons resort on the same site, which stalled before Redd’s team acquired it in 2022. Over $100 million in foreign debt from that previous project was converted into equity during the acquisition, and Redd notes that this sum is merely a fraction of the investment Juniper Capital has made since then.
Major construction is set to commence in November, with the golf course and farm already in progress.
