TM Real Estate Group drives its international growth with the launch of its first residential project in Mexico. Located in Playa del Carmen, in the very heart of the Riviera Maya, this new development will feature 250 contemporary-design apartments, to be built in phases over the next three years.
TM Real Estate Group has begun construction on a new residential development comprising 250 apartments in Playa del Carmen (Quintana Roo), right in the heart of Mexico’s Riviera Maya. The project, valued at 85 million dollars, is part of the new tourism master plan “Distrito Xcalacoco Beach” and will be developed in phases over a three-year period on a 14,000 m² plot.
The first phase, scheduled to begin in July 2025 upon receipt of the relevant permits, includes 89 residential units distributed across three buildings, along with extensive amenities such as three swimming pools, a gym with spa and sauna, co-working spaces, a cafeteria, and more. This phase is expected to generate revenue of over 28 million dollars, with the first homes set to be delivered in autumn 2026.
The project’s architectural design is entirely in-house, developed by TM’s technical team with a contemporary approach and prime location adjacent to the natural surroundings of Xcalacoco. The homes, which will be available from 10 June, will be launched with an on-site presentation event. They are located just a short distance from the four hotels operated by TM under The Fives Hotels & Residences brand, contributing to the consolidation of a high-value tourist district.
Property prices range from 180,000 to 450,000 dollars, depending on type and floor level, with an estimated average price of around 3,500 dollars per square metre. To date, 20 priority reservations have already been secured, each with a 5,000-dollar deposit, offering a first glimpse of the international buyer profile: 50% from the United States, 20% from Mexico, 20% from Canada, and the remaining 10% from other countries.
The new residential brand associated with the development will be “Distrito Xcalacoco Beach”, a name through which TM aims to strengthen its positioning strategy as a creator of comprehensive tourism destinations. TM currently owns over 13,000 m² of strategic land in Mexico, where it has established a significant presence in both the residential and hospitality sectors. With this new development, the company reinforces its commitment to the Mexican Caribbean as one of the main drivers of its international growth.
