8 Facts about Punta Cana, Dominican Republic Posted on February 4, 2018February 17, 2018 by TFE Times Prev2 of 8Next In 1969, the city was only 30 square miles of undeveloped land until Frank Rainieri, Ted Kheel and 40 other investors created the land’s first resort, meaning Punta Cana is actually only around 48 years old. Related