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RESORT CORE PALMAS PLANTATION
The Resort Core is situated along the primary beach- The main entrance to Palmas del Mar is located
front of Palmas and runs from the tropical forest within the Palmas Plantation section of the property.
south to the marina area. This area is mostly The remaining land in this section contains 213
developed and the Company’s remaining land in the acres and is entitled for 441 units. Excluding parcels
Resort Core totals 6.3 acres with all infrastructure PP9 and PP9A which lie north of the Candelero
in place. The holdings include Parcel RC 1A, a prime River, the major infrastructure in this area is
3-acre parcel that lies adjacent to the beach club. essentially complete. Palmas Plantation also con-
The balance of Parcel RC 1 is under development tains the site of the existing Palmas del Mar Sales
with lodging and residential product. Center, which is located on parcel PP 1A. Parcel PP3
is currently zoned for 80,000 square feet of medical
office development and parcel PP 4 has been zoned
Resort Core
for a 100,000 square foot medical facility with 200
Parcel Acreage Allocated Units/Use beds. In addition, parcel PP5 has been designated
CENTRAL PALMAS
RC 1a 2.94 TBD for school, church, fire station or other such institu-
The Company’s remaining land in the Central tional use. The chart below refers to the parcels as
RC 9 0.67 24
Palmas section is comprised of 39.2 acres entitled identified on the Master Site Plan.
RC 20 2.66 28 for 33 units and 60,000 square feet of commercial
Total 6.27 52 development. This area of the development is Palmas Plantation
located off of Palmas Drive to the west of the Parcel Acreage Allocated Units/Use
tropical rain forest and has complete infrastructure
in place. Parcel CP 7 is entitled for 60,000 square PP 1A 23.33 93
feet of retail or commercial space. This section of PP 1B 9.16 44
Palmas is nearly fully developed. The chart below PP 1C 30.82 113
refers to the parcels as identified on the Master PP 1D 12.79 60
Site Plan. PP 1E 20.79 85
PP 3 12.90 80,000 sf Medical/Office
Central Palmas PP 4 25.59 200-bed Hospital
Parcel Acreage Allocated Units/Use PP 5 11.77 Institutional
CP 4.4 26.33 33 PP 10 6.24 46
CP 7 12.88 60,000 sf commercial Other PP 20.73 -
Total 39.21 33 Total 213.00 441

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