Kolaboro / Projects / Medellín
The Gray Zone: reviews and facts
What is published about The Gray Zone in Avenida Las Palmas, El Poblado, Medellin, Medellín, Colombia, what official registers and other sources say, and what changed over time. Facts only, each with its source.
- Developer
- Gutierrez Group chordrealestate.com
- Location
- Avenida Las Palmas, El Poblado, Medellin, Medellín, Colombia
- Stage
- off-plan · active chordrealestate.com
- Handover on record
- not found in the sources we read
- Permit or licence number
- not published
- Deposit protection
- stated chordrealestate.com
- Page we read
- chordrealestate.com chordrealestate.com
- Last checked
- 5 Nov 2026
- Open data record
- MED-002
In short
- The Gray Zone is listed as off-plan in Avenida Las Palmas, El Poblado, Medellin, Medellín, Colombia, by Gutierrez Group. chordrealestate.com
- No handover date is published in the sources we read. chordrealestate.com
- No permit or licence number is published in the sources we read. gutierrezgroup.com.co
- Of 10 developer claims we checked, 0 are confirmed by a register or an independent source, 8 are not yet verified and 2 are contradicted by another source. Open data record
What is promised
As published by the developer or on listing pages, in the wording of the source.
- Price from: USD 166,900 chordrealestate.com
- Units: 133 chordrealestate.com
- Unit types: 1BR hotel suite, 2BR apartment, retail chordrealestate.com
- Payment plan: USD 5,000 reservation, 20% down, 20 monthly instalments chordrealestate.com
- Ownership: Foreigners can hold title directly in Colombia (escritura publica); investment must be registered with Banco de la Republica chordrealestate.com
- Permit authority: Curadurias Urbanas de Medellin (licence); Subsecretaria de Control Urbanistico (sales radicado) chordrealestate.com
- Deposit: 20% chordrealestate.com
- developer: 17 floors, 21 two-bedroom short-term rental apartments, 112 one-bedroom hotel suites, retail, rooftop pool gutierrezgroup.com.co
- developer: projected appreciation 10 to 15% and expected annual ROI 7 to 9% once operating gutierrezgroup.com.co
- developer: 20% down, balance in 20 monthly instalments gutierrezgroup.com.co
- US agent: from USD 166,900, 102 suites (conflicts with 112), 10%+ projected ROI, 50%+ projected appreciation in 30 months, 'escrow-secured land' gutierrezgroup.com.co
- developer: residency eligibility above USD 180,000 gutierrezgroup.com.co
Delivery and delay record
Every dated promise we found, how it changed and whether the date has passed. Status rules: promise tracker.
- No dated promise found in the sources we read.
Permits and licences
- No permit or licence number is published in the sources we read.
- No licencia de construccion or Medellin sales radicado number published, although Medellin certificates require every advert to show the radicado gutierrezgroup.com.co
Live check in the official registers
Queries the official registers we can reach for this country now and shows what each returns. Each answer is hashed (SHA-256); nothing is invented, a register with no data says so.
The six buyer checks
Public means the information is published. The level says who confirms it. Method: how we score.
| Check | Public | Who confirms it | What we found |
|---|---|---|---|
| Permit or licence number | no | not published | No licencia de construccion or Medellin sales radicado number published, although Medellin certificates require every advert to show the radicado gutierrezgroup.com.co |
| Deposit protection | yes | stated only by the developer | Agent mentions 'escrow-secured land' only; no fiducia or patrimonio autonomo named gutierrezgroup.com.co |
| Construction progress | no | not published | No construction status or date; developer services page lists it as 'Coming Soon' gutierrezgroup.com.co |
| Floor or site plans | no | not published | No floor plans published gutierrezgroup.com.co |
| Developer track record | yes | stated only by the developer | Developer claims 12 projects developed but names none as delivered with dates gutierrezgroup.com.co |
| No guaranteed returns | yes | stated only by the developer | Projected ROI 7 to 9% (developer) and 10%+ (agent); not described as guaranteed gutierrezgroup.com.co |
Developer claims we tested
| Claim (source wording) | Result | Checked against | Source |
|---|---|---|---|
| 17-storey building with 21 apartments and 112 suites | contradicted | chordrealestate.com | |
| Prices from USD 166,900 | not verified yet | chordrealestate.com | |
| Expected annual ROI 7 to 9% | contradicted | chordrealestate.com | |
| Land is escrow-secured | not verified yet | chordrealestate.com | |
| Developer has developed 12 projects | not verified yet | gutierrezgroup.com.co | |
| Gutierrez Group founded 2016 by Felipe, Juan Dario and Daniel Gutierrez | not verified yet | altss.com | |
| Construction licence and Medellin sales radicado held | not verified yet | medellin.gov.co | |
| Buyers above USD 180,000 qualify for Colombian residency | not verified yet | gutierrezgroup.com.co | |
| Short-term rental use permitted at the site | not verified yet | medellin.gov.co | |
| Completion date | not verified yet | gutierrezgroup.com.co |
What changed, with dates
- 5 Nov 2026 · Hourly page check: payment plan stated: 20% due on booking (SHA-256 e8720cb56194f8d3...) chordrealestate.com
- Fingerprint of the developer page text on 5 Nov 2026: SHA-256
e8720cb56194f8d3.... Anyone can check it on kolaboro.com/verify. kolaboro.com/verify
Public reports
What public sources report, with the link. We list reports; we do not judge the developer.
- No reports of disputes, regulator action, stoppages or financial difficulty found in the sources we read.
About the developer
- Founded: 2016 chordrealestate.com
- Head office: Medellin, Colombia chordrealestate.com
- Legal entity: Gutierrez Group (registration number not published) chordrealestate.com
- Developer claims 12 projects developed but names none as delivered with dates chordrealestate.com
Similar projects
- Proyecto Alejandria Medellín · off-plan
- Veranova Park (Ciudad Veranova phase 1) Medellín · off-plan
- Azura Beach Residences 3 & 4 Oman · off-plan
- Al Ghaf Tower Sharjah · off-plan
- Ika Mare Colombia · off-plan
Market context: Medellín
- We track 4 projects in Medellín. 0% publish a permit or licence number and 75% state deposit protection. kolaboro.com/m
Buyer reviews
There are no verified buyer reviews of The Gray Zone yet. We publish a review only from a buyer who proves the purchase (fingerprint of the contract or receipt, signed with a passkey) and only after a moderator has read it.
Reviews waiting for moderation are not shown.
Right of reply
Are you the developer? Send documents and we add your reply to this page. Found a wrong fact? Tell us and we correct it with a dated note.
Reply as the developer Report a correction Questions to ask the developer
Before you pay
Paste the project link for a free live check of what official registers say. For a full desk review and a site visit by a local agent, order the pre-purchase check.
Questions buyers ask
Is The Gray Zone legit?
Kolaboro does not label projects or developers. What the public record shows: No permit or licence number is published in the sources we read. Of 10 developer claims we checked, 0 are confirmed by a register or an independent source, 8 are not yet verified and 2 are contradicted by another source. No handover date is published in the sources we read. No reports of disputes, regulator action, stoppages or financial difficulty found in the sources we read. Check the sources on this page and ask the developer for documents before paying.
When will The Gray Zone be delivered?
No handover date is published in the sources we read.
Who is the developer of The Gray Zone?
Gutierrez Group, according to the sources listed on this page.
Does The Gray Zone have a permit or licence?
No permit or licence number is published in the sources we read.
Are there reviews of The Gray Zone?
There are no verified buyer reviews yet. Buyers who prove their purchase can submit one; it is published after moderation.
Sources
Every fact on this page links to its source. Pages we read are fingerprinted and kept by date.
- chordrealestate.com https://chordrealestate.com/developments/the-gray-zone
- gutierrezgroup.com.co https://gutierrezgroup.com.co/the-gray-zone-invest/
- altss.com https://altss.com/profile/gutierrez-group
- gutierrezgroup.com.co https://gutierrezgroup.com.co/blog/growth-and-impact-in-2024-gutierrez-group/
- gutierrezgroup.com.co https://gutierrezgroup.com.co/services/real-estate/invest/
- medellin.gov.co https://www.medellin.gov.co/es/sala-de-prensa/noticias/viviendas-turisticas-que-dice-el-ac...
- medellin.gov.co https://www.medellin.gov.co/es/wp-content/uploads/2026/05/Certificacion-de-Documentacion-4...
Last checked 5 Nov 2026. How we collect data: data policy. Facts quoted from sources are shown in the language of the source.