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PALMAS

                                                                                                                                                   DEL MAR







                                                                                                                                                 BV3-B
              BUENA VISTA & EL MORRO
              This section is located on the northern end of Palmas
              with extensive water and golf frontage. The Buena Vista
              parcel currently is the site of 13 holes of golf, which
              will allow builders to develop upscale residences with                                                 BV3-A
              golf frontage and breathtaking views of the Caribbean
              Ocean. Two Parcels BV-2A and BV-2D are located on
              the beach front. BV-2A is an excellent hotel site. Parcels
              BV-3 A & B have sweeping views of the Caribbean Sea
              and the offshore islands of Vieques and Culebra.
              These  parcels have been sectioned in the renderings.
              Total developable units 1,846.                                                     BV2-C


                                                                                                                          BV2-Ab

                                                                                          BV2-B



                                                                                      Lake & Wetland Park



                                                            BV1-A                                           BV2-A


                                                                                                                                                  Buena Vista
                                                                                                                                           Parcel          Acreage
                                                                                                                                           BV1-A            63.13
                                                                                                                                           BV1-B            28.17
                                                                                                                                           BV2-A            22.73
                                                                                                                                           BV2-Ab            1.26
                                                      BV1-B                                                                                BV2B             32.83
                                                                                                                                           BV2C             43.22
                                                                                                                                           BV2D              6.12
                                                                                                                                           BV3-A            44.48
                                                                                                                                           BV3-B            56.23
                                                                                                                                           Other BV Land    76.57
                                                                                          BV2-D                                            Total            267.10


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