Land Development Solutions
We have properties on sale with approved construction permits, beachfront locations, panoramic views, and planning board approvals. Explore locations in urban, commercial, and touristic areas of Puerto Rico, La Isla del Encanto. Click here to view the variety of properties we offer.
For over 20 years, Domenech Group has contributed to the urban life in Puerto Rico by constructing and developing single/multiple-family homes, elderly institutions, hotels, clinics, commercial buildings, schools, city squares, banks, theaters, power authority facilities, court houses, parking lots, bus terminals, fire stations, and more.
Today, we aim to continue to offer land development solutions to ambitious clients. We’re here to guide you through all the phases of construction and land development, from parcel selection to sales management. We want to help you make the most out of Puerto Rico's landscapes and bring it to the people.
What Puerto Rico Has To Offer
Opportunity Zones and Beautiful Landscapes within US Territory
The Puerto Rican government is "seeking U.S. approval to put about $400 million of federal aid toward opportunity zone projects, a new class of private investment that can hand investors sizable tax breaks … The opportunity zone program was created as part of the 2017 Tax Cuts and Jobs Act to bring development dollars to areas of need, and nearly the entire island of Puerto Rico qualified.” 1.
"US Code Section 1400Z-1(b)(3) created a special rule for Puerto Rico, making practically the entire island an opportunity zone. As such, Puerto Rico has 863 designated opportunity zones, including 837 low-income communities, plus 26 non-low-income contiguous tracts." 2.
1. Jonathan Levin and Michael Deibert, “Puerto Rico May Shift Some Aid to Opportunity Zone Projects,” Bloomberg, May 14, 2019, accessed July 2, 2019, www.bloomberg.com/news/articles/2019-05-14/puerto-rico-may-shift-some-u-s-aid-in-opportunity-zone-projects.
2. “Opportunity Zones in Puerto Rico,” The Opportunity Zone Database, accessed July 2, 2019, opportunitydb.com/location/puerto-rico/.