VIVA Punta Leona Costa Rica

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VIVA Punta Leona Costa Rica was a pre-construction condo project in Costa Rica offered by Beach One Developments, a partnership between Eugenio Gordienko of Punta Leona Hotel & Club and Hal Wright of Punta Dominical. In a highly successful sales release, VIVA Punta Leona sold all 36 units of its Phase I release in just 4 hours on April 30, 2007.

Within hours of being offered on April 30, a diverse collection of buyers from the United States, Canada and Costa Rica purchased all 36 condominium suites, generating US$16.3 million in sales.[1] The project’s Phase I sales release featured one-, two- and three-bedroom condominiums that ranged in size from approximately 800 to more than 2,000 square feet (190 m2) with per-unit prices from US$189,900 to US$749,900.

"VIVA's unique combination of a new, high-end resort condominium in a well-established Costa Rican community made it an attractive buy," said Hal Wright of Beach One Developments.[2]

After signing purchase agreements, VIVA Punta Leona purchasers were instructed to make a deposit equal to 10% of the purchase price to a Stewart Title escrow account to secure their selected condo units. In accordance with a provision in the sales contract, all funds were released to Beach One Developments immediately.

Unfortunately, Beach One Developments encountered many problems with the proposed development, and less than a year after its Phase I sales release, VIVA Punta Leona was canceled. Purchasers were notified on June 6, 2008 in a letter signed by Eugenio Gordienko and Hal Wright that the money would be refunded within a 10-month term by April 6, 2009. That promise was never fulfilled.[citation needed]

On September 17, 2009, purchasers filed a criminal and civil lawsuit against Eugenio Gordienko and Hal Wright for committing fraud by providing false contract information and failing to return deposits.[3] The criminal accusation was filed with the Prosecutor's Office of Garabito (the district that includes Jacó), and is pending investigation.[4]

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