In early 2022, the Cuna del Alma project was announced.  The complex is to be made up of hundreds of units of luxury villas, beach apartments, and houses with private terraces with pools and ocean views (Canarian Weekly, 2023).

Residents have expressed indignation that their land in El Puertito was expropriated from them for 12,000 euros and will be redeveloped into a luxury development with villas costing up to 3 Million euros each.