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CSU affiliates with Mexico center

Highlights:

  • CSU getting first international center.
  • Land and facilities in Mexico are being donated by an affiliate of Black Creek.
  • MIRA invests in Mexican real estate ventures.
CSU Todos Santos Center.

CSU Todos Santos Center.

A company sponsored by Denver-based Black Creek Group, which has about $6.5 billion in real estate under management, is bringing a touch of Mexico to the Colorado State University by launching CSU’s first international center

MIRA Cos., the trade name for the Mexican real estate and investment company sponsored by Black Creek, is launching the Colorado State University Todos Santos Center, a research and education center in Mira’s Tres Santos residential community in Baja California Sur, Mexico that is 45 minutes north of Cabo San Lucas.

The CSU Todos Santos Center, which will consist of three donated buildings on five acres of farm land, intends to offer hands-on bi-cultural education and research opportunities and events for CSU students and faculty, as well as for Todos Santos residents and visitors.

Study and research plans include an emphasis on agriculture, wildlife ecology, veterinary medicine, environmental and social sustainability, and language, among others.

“Through the Tres Santos community, MIRA will offer a new vision for a healthier, more vibrant, and more intellectually curious lifestyle,” said Jimmy Mulvihill, chairman of MIRA and a founding partner of Black Creek Capital

“We are pleased that MIRA’s gift will help Colorado State University, a world-class institution, expand into Mexico and advance cross-border opportunities to improve local farming, veterinary science, and health issues,” Mulvihill said.

MIRA will begin construction on the center’s boarding and dining facility, classrooms, library and the Todos Santos Agricultural and Water Research Center this month.

The center is scheduled to open winter of 2015. There will not be a physical center on CSU’s Fort Collins campus. MIRA’s donation in land and facilities is valued at approximately $4.3 million.

“We are grateful for MIRA’s extraordinary generosity,” said CSU president Tony Frank.

“Thanks to their vision, we will be able to provide one-of-a-kind learning and research experiences focused on solutions to problems in agriculture, the environment, and human and animal health,” Frank continued. “This builds on CSU’s longstanding commitment to international involvement and will help strengthen our engagement with people and communities in Mexico and Latin America.”

The center will be available to a large number of students.

“The Todos Santos Center is not intended to be restricted to any particular set of majors,” said Rick Miranda, provost and executive vice president at CSU.

“We imagine, as education abroad programs develop there, that students from many areas of the university who are interested in these programs could take part,” Miranda continued.

“Of course any particular program could well be more appropriate for students from some set of majors – for example a program in wildlife ecology sited there might be more attractive or even have prerequisites that would make it more appropriate for students in the life sciences,” he said.

“However we hope that as a variety of programs develop there will be opportunities for many. In particular there is not a prior intention to limit the programs to any set of majors.”

Currently under development, Tres Santos is planned to be an open-space wellness community that connects with the historic town and people of Todos Santos.

At Tres Santos, MIRA will be introducing what is describes as ng mindful living, sustainable practices, environmentally sensitive design and farm-to-table dining.

Tres Santos plans to include a pedestrian-friendly 1,100-acre community with two villages with three inclusive settings:

  • Town Farm – with a two-acre organic farm, homes, a boutique hotel, a farm-to-table restaurant, retail stores, and an international research and education center for Colorado State University;
  • Beach – with oceanfront homes, a boutique hotel and a beach club;
  • and Hillside – with a residential development and a yoga retreat center.

Organic farming, fishing, surfing, mountain biking, hiking and a new public town-to-beach trail are currently in the works.

MIRA,  founded by Black Creek Group in 2007, is the trade name for a fully integrated real estate investment and development company focused on residential and residential-related assets in Mexico.

It currently invests in low- and middle-income residential communities for Mexican nationals in prime locations throughout Mexico, with selective emphasis on affordable second home and retirement communities targeting American and Canadian baby boomers.

The company also develops master-planned residential communities and large-scale mixed-use urban infill communities targeting Mexico’s expanding middle-class population. Projects include town centers with residential, office and retail components.

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Have a story idea or real estate tip? Contact John Rebchook at  JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by Universal Lending, Land Title Guarantee and 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.