International Land Alliance Announces Start of Stage Two Construction at Valle Divino

Rhea-AI Summary

International Land Alliance (OTCQB: ILAL) has commenced the second construction phase of its eco-friendly Valle Divino project in Ensenada, Baja California, which includes engineering and site preparation for 184 model homes. Residential lots start at $49,000, and solar-powered homes at $89,000. The project, strategically located near the Guadalupe Valley, aims to meet the rising demand for sustainable real estate. Valle Divino will consist of 650 homesites, with the first construction phase completed in January 2021.

Positive

• Commencement of second construction phase at Valle Divino.
• Rising demand for sustainable real estate indicated.
• Residential lot prices starting at $49,000 and homes at $89,000.
• Strategically located in the attractive wine region of Guadalupe Valley.

Negative

• None.

SAN DIEGO, March 04, 2021 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB: ILAL) (“ILA” or the “Company”), an international land investment and development firm, has started its second stage of construction at Valle Divino, an eco-friendly development in Ensenada, Baja California, roughly 50 miles south of San Diego. This stage includes additional survey and engineering, as well as site preparation infrastructure for model homes in Phase I (184 homesites). Residential lot prices at Valle Divino start at $49,000 and the completed 600 square-foot solar-powered homes start at $89,000.

“The Valle Divino development is progressing according to schedule, having broken ground in July 2020 and completing its first stage of construction in January 2021,” said Roberto Valdes, Chairman & Chief Executive Officer of ILA. “We are seeing heightened interest for sustainably-minded real estate at an attractive price point, and we are looking forward to serving this demand with 650 homesites planned in this project. Strategically located on the western edge of the Guadalupe Valley and overlooking the Pacific Ocean, Valle Divino is a prime example of the value offering that the Baja region brings to homebuyers and investors.”

The Valle Divino community is part of a master planned residential community overlooking the internationally renowned Bajamar Ocean Front Hotel and Golf Resort. The community sits on the western edge of the Guadalupe Valley, Baja’s premier wine region with over 175 wineries. ILA recently completed a second “Test Vineyard” in the region with 14 different grapes, including Malbec, Cabernet Sauvignon, Merlot, Tempranillo, Syrah, Mourvèdre, Petit Verdot, Viognier, Nebbiolo, Pino Noir and Zinfandel. Test Vineyards are planted in an effort to see how different grape varieties grow in the same location.         

To speak to a sales representative and make an appointment to tour the community, contact Analo Valdes at sales@ila.company or (858) 900-8056 or visit our website 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.

Safe Harbor Statement
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.

Investor Relations Contact:
Brooks Hamilton
Senior Vice President
MZ Group – MZ North America
(949) 546-6326
ILAL@mzgroup.us
www.mzgroup.us

International Land Alliance
Jason Sunstein, Vice President
Direct: (858) 692-2677
Jason@ila.company

FAQ

What is the latest update on International Land Alliance's Valle Divino project?

International Land Alliance has begun the second construction phase at Valle Divino, which includes additional engineering and site preparation for model homes.

What are the prices for homes and lots at Valle Divino?

Residential lot prices at Valle Divino start at $49,000, while the completed solar-powered homes start at $89,000.

How many homesites are planned for the Valle Divino development?

Valle Divino is planned to have a total of 650 homesites.

When did construction for Valle Divino begin?

Construction for Valle Divino began in July 2020.

What stage of construction has been completed for Valle Divino?

The first stage of construction was completed in January 2021.