The developers of Pueblo Pescadero are two transplanted Canadians who fell in love with the Pescadero area shortly after their respective arrivals. Peter Arbuckle, who had spent 35 years working in the development of commercial real estate internationally and Mark Catania, a veteran of business development and sales with a multi-national electronics manufacturer, arrived in the area in 2005 and 2008 respectively. For the first few years after their arrival Peter, along with his partner Karen, spent his time building their Pescadero home and Mark spent his time developing his rental services company. In 2012, as the financial crisis that had started a few years earlier was waning, both men started looking for additional opportunities to occupy their Type-A personalities!
Two key considerations caught their attention – first, the demographics of both the United States and Canada suggested that there would likely be a growing number of people looking for recreational homes and second, the maturing of the market in the Los Cabos area was leading to increased densities and upward pressure on prices along the ‘corridor’ between San Jose del Cabo and Cabo San Lucas. These factors, together with the fact that a new four-lane highway had just been completed between Pescadero/Todos Santos and Los Cabos (and the subsequent development of a dedicated toll road to the Los Cabos airport), suggested there might be opportunities in the Pescadero area for the development of recreational homes.
From the experiences gained from living, working and building in the area Peter and Mark developed a list of guiding principles they would incorporate into the ultimate development strategy for Pueblo Pescadero:
- Simplicity – keep it simple so homes can be reasonably priced.
- Sustainability – keeping water and electricity consumption to a minimum is not only responsible, but will lead to reduced ownership costs.
- Privacy – even within a compact community privacy should be a priority.
- Density – a balance should be sought between the amount of built space and the amount of open space within the overall development.
- Security – owners should feel confident that their investment is protected when they are not in residence.
- Revenue Potential – if they wish, owners should have the opportunity to generate reasonable revenue from their home when they are not in residence.
- Formal permits – all permits required by Mexican authorities would be formally applied for including zoning, environmental and building permits.
The next four years were spent in developing the masterplan that embodied these principles and shepherding the plan through the various permitting processes required by Mexican authorities. The sales program for Pueblo Pescadero was formally launched in May of 2016.
During the development process, Peter and Mark have relied on an outstanding team of architects, engineers, lawyers, accountants, administrators and management personnel. It has been their objective, wherever possible, to engage and employ local people.