By The Star Staff
Texas-based Juniper Capital, a real estate investment and development firm, in partnership with Capital United, is building in Fajardo what has been described as the Palm Beach of Puerto Rico, called Moncayo.
The project will sit across a 1,100-acre parcel of forested coastline and will include 400 residences, all $3 million and up, and a splashy Auberge Resort.
According to a company statement, Moncayo has been designed to seamlessly blend into the stunning landscape while fostering authentic community connections and respecting the island’s natural environment.
With what the developers say is a sustainable and forward-thinking vision, the multi-phase community will integrate cutting-edge education, comprehensive wellness programs, and authentic agricultural offerings with modern luxury residential living.
Carter Redd, president of the initiative, said that after having worked intentionally to design a thoughtful and inspired new offering, “we are proud to debut our community and reimagine the future of the island’s east coast.”
Moncayo has been designed by Hart Howerton, an architecture and land planning firm tasked with creating a timeless and enduring community experience with a lasting legacy. The resulting design for Moncayo draws on the island’s centuries-old history, including Taino, Spanish colonial, and modernist influences, to represent an evolved tropical style that will define Moncayo.
Thus, Moncayo will feature a 68-room luxury hotel facing the sea, offering world-class cuisine and a spa and wellness program.
Spanning the entire property, the Moncayo Ocean Club will include an 18-hole championship golf course designed by Mackenzie & Ebert and a Family Short Course for resident members and guests.
The club will establish Moncayo as a unique destination with its unprecedented offering, the developers said, including direct access to boating and water sports, a private island beach experience, a golf and performance training center, a private resident clubhouse, and a sports club offering stadium-style courts for tennis, pickleball and paddle tennis.
Personalized performance training will also be offered throughout the club and residential experience. With the goal of increasing longevity and vitality, each resident will have the opportunity to benefit from unique healing programs, personalized athletic movement training, and a kitchen designed to optimize their daily life.
According to Bloomberg, Moncayo is the most ambitious endeavor for the area, which has a long history of failed projects. At the site alone, other developers had a $230 million plan to build a Four Seasons resort that ultimately dead-ended some time before Redd’s team purchased it in 2022. More than $100 million in foreign debt from that project was converted into equity during the acquisition, and Redd says that represents just a fraction of what Juniper Capital has put into it since.
The project begins major construction in November, with a golf course and farm already underway.
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