Marbella’s town hall has given the go-ahead for work to start on a new 700-home residential estate in San Pedro de Alcántara.
The site is described as one of the areas with the greatest real estate value in Marbella that has direct access to the coast but has not yet been developed.
The final hurdle that has been cleared was the supply of electricity to the area located south of the A-7 motorway.
But now the electricity company, Endesa, has said it will run it from a substation in Benahavís and through the municipality of Estepona.
It is believed that work on the development, that will provide 694 homes and commercial premises, could start as early as next year.
The area will also eventually be home to a new secondary school, sports hall and music and dance school.
Of the total 115,000 square metre site more than 17,000 square metres have been set aside for ‘green’ zones.