The Encanto Group investment firm has purchased the luxurious Solarea Beach Resort apartments, the Yacht Club Marina and 24-waterfront acres, in Palmas del Mar, in Humacao, Puerto Rico. The Encanto Group is expected to invest some $200 million in development plans that include a new hotel and oceanfront residences. The Encanto Group aims to develop a world-class beach and yachting destination in Puerto Rico.
It has been reported on the internet, that a former United States Navy base in the town of Ceiba, in the east coast of Puerto Rico, could be the location where Virgin Galactic chooses to build a launch pad for future commercial space flights.
Rumors started flying when an article in Caribbean Business said the owner of Virgin Galactic, Richard Branson, had purchased 11 hangars at the Roosevelt Roads Naval Station. The former base was used by the U.S. Navy from 1957 to 2003. The base includes an airport that is used for flights to Culebra and Vieques.
According to Caribbean Business, the Department of Economic Development
of Puerto Rico, and representatives of Virgin Galactic have refused to
confirm the rumors.