Project Name: Amethyst Townhome Development
This project proposes to capitalize on the real estate and tourism development opportunities available on the island of Providenciales. Providenciales continues to develop at a tremendous pace, a direct consequence of which is the demand for affordable accommodation has outpaced the available supply. Consequently, finding affordable, well-built accommodation, in a high-quality neighbourhood is challenging. Sale prices for a two-bedroom property in the Grace Bay area start at $450 K. Amethyst Property Development Ltd (APD), the developer, proposes to develop an upscale townhouse community, that will cater to working-class residents and visitors. Key attributes to this project are the burgeoning tourism on Providenciales, its prime location, and proven quality construction.
APD proposes to construct twenty-five (25) two-bedroom units in four buildings, adding to an existing 8 units that were built in 2008. The townhouse complex would also contain swimming pools, and gazebos for the benefit and comfort of residents.
The developer proposes to stratify the units and sell them at a price range of $300,000 to $375,000. In accordance with the Strata Title Ordinance, a Body Corporate will have overall responsibility for managing the development and strata lot owners will be required to pay a monthly strata fee.
Investment required: US$3 million
Project Name: Victory 1 Development
Victory 1 is a new paradise homes development in a gated community complex, comprised of quiet, secure, smart and sustainable homes, planned and designed considering the most important factors for your home: comfort, safety and maintenance savings
Located just of Venetian road, this is a prime and vibrant community is the perfect solution to having it all in one place where families can enjoy the amenities that the area has to offer, Seven Minute from Grace bay Beach, walking distance from several sports development; such as national Stadium, Tennis court, High School; just minutes away from the sport complex, football Academy, and supermarket.
The development is expected to be carried out over four phases with the initial phase being comprised of 5 homes which are completely “Shovel Ready” having all their defined boundaries and clear title, approved plans and building permits.
The development will offer its clients two types of Villas ranging from USD$395-$495k and through an aggressive marketing campaign stands to earn gross sales of over 2 million dollars for the first phase. (Please Marketing Plan within Business Plan) and over USD$20 million in gross Sales through its entirety.
Required investment for the First Phase (5 Homes)
Investment required: USD1,700,000.00
Project Name: Crystalbleau Hotel
The proposed project, Crystalbleau Hotel, will be situated on the north end of Governors Beach, Grand Turk. Phase 1 of the project will be a full service, minimum 30 key hotel resort development; The two-story property will feature local historic “Bermudian style” architecture, at least 25 double rooms, 5 luxury suites, a 120-cover restaurant, large infinity edge pool, retail space, sunset cocktail bar, beach side grill, dedicated lobby and excursion facilities for cruise
passengers and day visitors, car rental, car parking, back of house and services areas
and significant landscaping enhancement. The property will be designed and planned with future expansion in mind to meet the much-anticipated increased economic development, and demand for a greater inventory of quality in Grand Turk. Phase two will be the condo development phase, Crystalbleau Residences.
Investment required: US$8 million
How to be deemed Shovel Ready
The investment opportunity must have the following:
– Detailed profile of the opportunity
– Defined price or investment being sought
– Property has defined boundaries with a clear title
– Property is appropriately zoned for the specific use
– Documentation present that is less than one year old
– Business plan, defined cash flows and returns on investment analyses
– Pre-feasibility assessments done – documentation available
– Phase 1 environmental assessment done – documentation available (if applicable)
• Name of investment opportunity
• Provide a brief summary of the opportunity
• Indicate investment required in US$
• Provide an email contact