October 25, 2006

The Jack Parker Corporation Introduces Pacifico in Costa Rica

FORT MYERS, Fla., Oct. 25 /PRNewswire/ -- The Jack Parker Corporation, a privately owned real estate development company with Florida headquarters in Fort Myers, has announced plans for Pacifico, a master-planned, mixed-use community located in Playas del Coco, Costa Rica.

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Encompassing 175 acres along Costa Rica's Northwest Pacific coast, the gated residential community and adjoining commercial center combine Mediterranean architecture and coastal design elements, resort-style amenities and modern conveniences with Costa Rica's primeval environment.

"We fully understand the importance of protection and preservation of our surroundings and Pacifico was master-planned with this in mind," states Kerry Trowbridge, senior vice president for The Jack Parker Corporation. "Much of the 175 acres at Pacifico is ecological green space and will never be developed, ensuring the area remains a sanctuary for the native wildlife, vegetation and of course, for our residents."

The 500 residences within Pacifico -- a combination of 350 condominiums, town homes, and villas; 20 rental apartments, and 150 single-family home sites -- will be built to U.S. standards, offering custom cabinetry, designer fixtures, brand name appliances, and pre-wired for phone, cable and Internet access. Floor plans are offered with one, two, three or four bedrooms and prices start from the $150,000s. Home sites are available from the $100,000s.

Inclusive of home ownership is membership to the Pacifico Beach Club, with a restaurant and bar, and to the Health Club & Spa with tennis facilities. Additional amenities include a Members Club, sunset bar, waterfall pavilion, resort pools with sun deck and separate toddler pool, barbeque area, and a children's play area.

A 15,600 square foot Village Center located at Pacifico's entrance will house Costa Rica's only Robb & Stucky Design Studio, and other retail conveniences including a post office, coffee shop, art gallery, tour operator, and business services center. Also located in the Village Center will be a 20,000 square foot Auto Mercado, Costa Rica's premier grocery store. Additional retailers inside of Auto Mercado will include a dry cleaner, pharmacy and eateries.

"While the natural beauty of Costa Rica is the obvious appeal, we realize that in order to attract American buyers, modern conveniences are essential," says Trowbridge. "We specifically incorporated the Village Center into Pacifico to provide the services that U.S. homebuyers expect."

Playas del Coco is 22 miles from Liberia, the capital of the Guanacaste province. Nearby activities include sport fishing, surfing, sailing, kayaking, scuba diving, hiking or lounging on the beach. International airports in Liberia and San Jose offer non stop flights daily to and from major U.S. cities, including Miami.

The developer and exclusive sales agent is Pacifico Development Coco PDC, Limitada, an affiliate of The Jack Parker Corporation. The Pacifico Sales Gallery will open January 2007 in the Beach Club.

For more information about Pacifico, call 877-444-1222 or inside the U.S. 239-444-1222, or go to http://www.pacifico-costarica.com/.

About The Jack Parker Corporation

Pacifico is the vision of The Jack Parker Corporation, a privately-owned, U.S.-based real estate development company founded in 1955. Today, The Jack Parker Corporation's portfolio includes world-class hotels such as Le Parker Meridien in New York City and Le Parker Meridien in Palm Springs, California; restaurants; fitness centers and spas; and retail, office and industrial complexes stretching from New York to Florida. The company's Florida division, with headquarters in Fort Myers, has built commercial and residential projects throughout the state including Naples, Bonita Springs, Estero, Fort Myers, Fort Lauderdale, Miami, Tampa, Sarasota, Hallandale and Boca Raton.

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The Jack Parker Corporation

CONTACT: Tracy Southers, +1-239-963-1903, [email protected], for TheJack Parker Corporation

Web site: http://www.pacifico-costarica.com/