International Land Alliance, Inc. (ILAL) reported on October 14, 2024, the signing of the first construction contract at its Oasis Park Resort, a master-planned community located south of Rancho Costa Verde in San Felipe, Baja California. This milestone was achieved a full quarter ahead of the company's internal schedule.
Oasis Park Resort, which opened sales in the third quarter of 2024, features 500 homesites with a potential for over $15,000,000 in gross lot sales. Additionally, the project holds a gross potential construction revenue exceeding $125,000,000, indicating substantial future income streams for ILAL.
The company also plans to break ground simultaneously on a 72-room condotel at Oasis Park Resort, branded 'Cabo Oasis Resort and Spa.' This new amenity will serve property owners at both Oasis Park and Rancho Costa Verde, enhancing the appeal and value proposition of ILAL's developments.
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