Caribbean News Now!

About Us Contact Us

Countries/Territories

Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.

Contribute

Submit news and opinion for publication

Subscribe

Click here to receive our daily regional news headlines by email.

Archives

Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin



News from the Caribbean:


Back To Today's News

New US$50 million development for St Kitts
Published on February 15, 2013 Email To Friend    Print Version

BASSETERRE, St Kitts (CUOPM) -- A new US$50 million residential villa development has been announced for the Southeast Peninsula in St Kitts.

Christophe Harbour Development Company and Apex Capital Partners Corporation, a Canadian-based international investment group announced on Tuesday they have entered into a joint venture to develop a new residential neighbourhood within Christophe Harbour, the residential resort community located on St Kitts.

“The project is set within the existing Sandy Bank Bay community and allows for the development of 50 new, two-bedroom residential villas with a value of approximately USD $50 million at full build out. This agreement adds to the already positive outlook for Christophe Harbour with several projects currently underway this year,” a statement said.

"The future of St Kitts is very bright, and we are excited to partner with Buddy Darby on a project that is moving forward in a country that understands the value of what we are trying to build," said Nuri Katz, president of Apex Capital Partners Corporation.

"The opportunity to work with Christophe Harbour, which is supported by the successful developer in Kiawah Partners, gives us the confidence to believe we will have a long-lasting relationship working in St Kitts."

With Christophe Harbour poised to have its most successful year since the project launched in 2008, this joint venture is further proof that there is belief in the long-term vision of Christophe Harbour as well as St Kitts.

Apex Capital Partners Corporation, which will lead the new development called Ocean Grove, will work with Christophe Harbour’s design team based in Kiawah Island, South Carolina and Bennett Hofford Construction.

Together they will design the 50 turn-key, two bedroom villas which will incorporate 1,500 square-feet of interior and exterior living space. Owners will have the opportunity to apply for St Kitts citizenship and experience the lifestyle amenities available at Christophe Harbour.

"New investment like this has a tremendous positive impact on the Federation and we should credit the government for continuing to encourage private enterprise in St Kitts and Nevis," said Bill Lee, chief operating officer, Christophe Harbour. "All those who care about the future of St Kitts and understand the importance of projects like Christophe Harbour, should see this news as overwhelmingly positive and exciting."

The Ocean Grove development is slated to offer villa sales beginning in the third quarter of 2013, with construction slated for the end of the year.
 
Reads: 4172





Click here to receive daily news headlines from Caribbean News Now!



Back...

Comments:

No comments on this topic yet. Be the first one to submit a comment.

Back...

Send us your comments!  

Send us your comments on this article. All fields are required.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, we will never see it!

Your Name:

Your Email:

(Validation required)

Comments:
Enter Code



Please note that, if you are using an AT&T domain email address, e.g. att.net, bellsouth.net, sbcglobal.net, the verification email will likely not be delivered. This is outside of our control and the only remedy seems to be for readers to complain to AT&T





Disclaimer
User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.



Other Headlines:



Regional Sports: