Spanish infrastructure firm CLERHP has officially inaugurated the initial phase of Larimar City & Resort, marking the Dominican Republic’s inaugural Smart City development. The landmark ceremony, attended by over 300 distinguished guests including government officials, business leaders, and international investors, coincided with National Larimar Day celebrations honoring the country’s unique precious stone.
Located in La Otra Banda sector of Punta Cana, this groundbreaking urban development spans 3.6 million square meters with an initial investment commitment of €600 million. The project enjoys formal endorsement from the Dominican government and holds placement within ProDominicana’s official investment portfolio.
Juan Andrés Romero, CEO of Larimar City & Resort and President of CLERHP, emphasized the project’s transformative vision: “Larimar represents a paradigm shift in urban conception—merging innovation, sustainability, and strategic foresight. This initiative demonstrates our capacity to lead globally significant urban developments after more than a decade of dedicated research and planning.”
The inauguration ceremony featured traditional ribbon-cutting protocols and included a philanthropic component where the Funeyca Foundation received corporate donations supporting youth cultural programs in the Punta Cana region. The event concluded with a sunset reception at Farallón de Punta Cana, attended by Spanish Embassy representative Pilar Serret Murga and local mayor Alexander Rodríguez, with ceremonial blessings provided by Bishop Jesús Castro Marte.
Dubbed “The Jewel of the Caribbean,” Larimar City & Resort incorporates sustainable mobility systems, intelligent resource management, and extensive green spaces covering 700,000 square meters. The development will feature Mediterranean-inspired architecture, three kilometers of waterfront promenades, artificial beach areas with lakes and pools, and diverse residential options across six planned phases.
Construction commenced in January 2025 with foundational work on Prime Towers, with Phase One completion anticipated for 2026-27. The project is projected to generate approximately 1,500 direct and indirect employment opportunities, signaling substantial economic and social impact for the La Altagracia province.