One of Barbados multi-million dollar west coast developments should see a early 2010 start to its construction.
Beachlands, a 4 and half acre west coast development in the heart of Barbados’ ‘Platinum Coast’ is about set to begin its much awaited construction phase.
Word from the TerraCaribbean team is that construction at Beachlands will begin in Spring of 2010 with anticipated completion in Spring 2013.
The news of an early 2010 start for construction is a good sign for the industry which has been described as going through a period of transition over the last year. It is also a good sign for the coming year, as it is in line with the outlook that some industry leaders have given, that 2010 should be a positive one, providing benefits for both sellers and buyers.
According to information from the Terra office, the property developers have released 20 of the 55 units for sale, starting at US $2million. The property will have 2 to 5 bedroom apartments and also 3 and 5 bedroom penthouses, which are set to be beachfront units offering the most floor space per unit on the island’s west coast within a property development.
At the start of 2008, the expectation was that the development would bring in excess of US $200 million in investment of the west coast development.
The Beachlands property is set to maintain and enhance the integrity of over 700 feet of prime beachfront land. Its design and architecture will marry the old colonial style with modern finishes in one space.
The Lewis Trust Group (LTG) of the UK are the owners of the 4 acre property and that commercial group has property in 12 other countries across the globe.
The lead local construction firm for the project will be Jada Construction. The apartments will be outfitted with the some the most high end features which have both the classical and modern finishes.
