The oldest resort in the Caribbean has announced that it will another set of units available to the market by year end.
This comes after 10 years of ongoing construction and transformation of the luxury St. Philip property. The property which has gained international acclaim being the highest rated property by one of the US leading condominium exchange programmmes has also become very popular in the local market. This is with its offerings as a luxury resort with some of the best amenities and as a timeshare property with some of the best prices.
This stage of development is a major one for the property and brings it one step closer to completion of the entire multi-million dollar project but it also represents a significant milestone in Barbados property development and more importantly it also adds to the property portfolio Barbados offers internationally and to the room stock for the tourism product.
The Park Apartments are one of the main areas up for completion by year end and it will offer wholly-owned and fractional 1 & 2 bedroom condominiums. This development is ongoing, with 30 units expected to open by Christmas 2009. However, the developers will be opening another 130 in the three years following on a phased basis.
Earlier in 2009, the Crane Village- Several retail stores are now open, including The Crane’s General Store, Cave Sheperd for duty-free shopping; Colombian Emeralds for fine jewelry; Tamarind Seed for Barbadian art; Aweipo fine art gallery; and Dingolay, for fun style and fashion. Also open is the Town Hall event and conference centre and a new reception and concierge facility along with bell station. The resorts architecture also holds true to the colonial architecture which was always part of the property dating to the late 1700s.
It has been highligted that The Crane offers an alternative to the West Coast of Barbados which has become the playground of the rich and famous around the world. If offers a strong investment options with varying types of ownership avaliable.
The Crane, offers the opportunity for outright or interval ownership of luxurious one, two or three-bedroom residences in its Private Residence development. Currently, there are 202 rooms with new rooms being added to the product as the property is still being developed.
Prices for whole ownership at the exquisite residences range from US $425,000 for the deluxe studio to US $1,781,000 for the 2 Bedroom, 3 bath, with 28′ Pool. Meanwhile quarter share ownership ranges from US $179,159 for a one bedroom rooftop deck pool with a Gazebo and the two bedroom with similar amenities starts at US $220,266.
The Crane provides a great opportunity to invest within its Private Residence development, with very flexible options for buyers.
