Construction ahead of schedule for model home, 3 casitas and clubhouse with sustainable microgrid power solutions
SAN DIEGO, CALIFORNIA, Oct. 19, 2021 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB:ILAL), (“ILA” or the “Company”), an international land investment and development firm, commenced construction of a 2BR/2BA model home, three casitas and a clubhouse for wine tasting at Valle Divino, an eco-friendly development in Ensenada, Baja California.
ILA broke ground on the Valle Divino development in July 2020 and completed its first stage of construction in January 2021 and started reservations of residential lots. All properties will be powered by a CleanSpark Inc. microgrid solution. ILA has completed additional survey and engineering, as well as site preparation infrastructure for model homes in Phase I (184 homesites).
Only 45 minutes from San Diego, California, the Valle Divino community is part of a master planned residential community overlooking the internationally renowned Bajamar Ocean Front Hotel and Golf Resort. With 20 acres, 137 residential lots and 3 commercial lots, the development provides a sustainable ranch-like lifestyle for nature-friendly, single-family clientele. The community sits on the western edge of the Guadalupe Valley, Baja's premier wine region with over 175 wineries, with access to nearby restaurants and other amenities. Valle Divino’s own vineyard is comprised of 2 acres with 14 different grapes including Malbec, Cabernet Sauvignon, Merlot, Tempranillo, Syrah, Mourvèdre, Petit Verdot, Viognier, Nebbiolo, Pino Noir and Zinfandel. Residential lot prices at Valle Divino start at $49,000 and the completed 1BR/1BA solar-powered homes start at $99,000 with 2BR/2BA starting at $119,000.
“The construction phase is now underway and ahead of schedule out our premier wine country development,” said Roberto Valdes, Chief Executive Officer of ILA. “We now expect to quickly ramp up sales and marketing momentum at Valle Divino. With travel restrictions being lifted and visitors returning to the region, we are in an excellent position to capitalize on the growing demand for luxury, sustainable homes at an attractive price point. By powering the development with solar microgrid installations from CleanSpark, we offer a unique differentiator to other developments in the region. We continue to make progress on our timelines across our portfolio of properties, and I look forward to sharing our progress in the months ahead.”
To speak to a sales representative and make an appointment to tour the community, contact sales@ila.company or (858) 900-8056 or visit https://ila.company/valle-divino-resort/.
About International Land Alliance, Inc.
International Land Alliance, Inc. (OTCQB:ILAL) is an international land investment and development firm based in San Diego, California. As its’ core mission, the Company has embraced technology for sustainable and socially responsible solutions, in addition to using proptech and construction tech advanced applications to meet these goals. The Company is focused on acquiring attractive raw land primarily in Northern Baja California, often within driving distance from Southern California. The Company serves its shareholders by devoting considerable time and resources to seeking out the finest sites available and obtaining the necessary development permits to build a compelling portfolio of properties, which provide a diversity of investment and living options. Please visit: www.ila.company.
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The press release may include certain statements that are not descriptions of historical facts but are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects,” or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectation and actual results may vary (perhaps materially) from certain of the results anticipated herein.
CONTACT
Investor Relations:
Brooks Hamilton
Senior Vice President
MZ Group – MZ North America
(949) 546-6326
ILAL@mzgroup.us
www.mzgroup.us
