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RISMEDIA, October 22, 2010—Cielo Paraiso will open the first 18-hole championship level golf course in Boquete, Panama in January 2011. The course marks the completion of the first phase of Gladstone Development’s new residential resort development, Cielo Paraiso, which also includes 14 completed homes and 30 homesites for purchase. Located in the scenic mountains of Boquete, Panama, the 750-acre development is the newest and most exclusive residential resort community in Central America.

Designed by J. Michael Poellet to preserve the indigenous flora and wildlife habitat, Cielo Paraiso’s 18-hole championship course will delight golfers of all skill levels. While playing the friendly but challenging course, players will also enjoy spectacular views of the Baru Volcano, the Jaramillo and Talamanca Mountain ranges and the Pacific Ocean dotted with islands. The 7,200-yard par 72 layout encompasses woodlands, meadowlands, ridgelines and riparian valleys coupled with dramatic elevation changes making for a signature golf experience.

Scenic homesites are currently available for purchase at Cielo Paraiso, starting at $150,000. These spacious home sites range from ¾ acre to over two acres and are set on picturesque locations throughout the property and offer sweeping views of the Pacific Ocean, Talamanca and Jamarillo Mountains, Volcano Baru and the golf course.

Gladstone Development is currently developing the plans for Phase II of the development, which will include a collection of well-appointed options that are smaller in size. This idea has been well received amongst buyers looking in Boquete. The master plan for Phase II will be released in 2010, with construction beginning in early 2011.

Conveniently located just 30 minutes from David, the capital of Panama’s Chiriquí Province, the destination of Boquete is nestled in the country’s most mountainous region, at 1,200 meters (3,600 ft.). Situated between the Caldera River, which lies to the east, and Baru Volcano to the west, Boquete enjoys a comfortable temperate climate that is ideal for outdoor enthusiasts.

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