New Development

The economics of condo hotels By Brian McDonald ~ Photos courtesy OBM International In the Turks & Caicos Islands, condominium hotels are becoming increasingly popular among developers, residents and visitors considering investing in the Islands. What makes this concept so well received? Sometimes referred to as hybrids, condo hotels merge ownership opportunities with the appeal of services and ...

By Kathy Borsuk For nearly the past decade, “the talk” has been that North Caicos will be the next island in the Turks & Caicos chain to attract focused development. Honestly, it was hard to imagine. North Caicos is one of the most tranquil places in the country. Covered with lush vegetation that includes fruit trees, ...

The Tuscany By Kathy Borsuk Not so long ago, developers of property on Providenciales were considered mavericks, brave pioneers taking a risk on the mostly unknown island chain. It’s a testament to Provo’s rapidly maturing condominium market that well-known developers are now eager to etch their signatures in the fine ivory sand. The Tuscany is a case in ...

Queen Angel Condominium Resort By Kathy Borsuk Not everyone chooses to live beachfront, especially as prices for such properties on Providenciales escalate into the stratosphere. Investor representative Cosmo Kerr has long recognized the need for reasonably priced condominium suites in a prime location that offers panoramic views, a range of amenities and easy beach access. He believes ...

French Riviera Condominiums By Kathy Borsuk Photo by Jean Philippe Alonso Jean Philippe (“J.P.”) Alonso could be described as an island “character.” He first came to the Turks & Caicos Islands nearly a decade ago to hunt for treasure in shipwrecks off the Silver Banks. He found no gold, but soon afterwards became a successful entrepreneur, whose primary ...

By Kathy Borsuk Photo by John Sina For many years the Island Princess, Providenciales’ original beachfront hotel, sat empty, verdant tropical vegetation slowly overgrowing the deserted buildings that once spun so many memories. Emerging from the mists of time is Veranda, a development committed to writing its own memoirs, a story unlike anything else in the Turks ...

The Somerset on Grace Bay Story by Kathy Borsuk Artwork by The Baltimore Design Group Although they had an ocean between them, the sophisticated elite that settled in the sprawling penthouses of New York’s Upper East Side and the wealthy British Colonial travelers of yesteryear shared a common appreciation of elegance as they lived and traveled in style. Interestingly, ...

The Palms Grand Resort & Spa By Kathy Borsuk “In these times, upmarket condominium purchasers are looking beyond the brick and mortar and core amenities. Instead, their interest is more comprehensive . . . they ask ‘what will I experience while I’m there?'” Developer Stan Hartling’s words reflect the philosophy by which The Palms Grand Resort and Spa ...

St. James Condominium Residences By Kathy Borsuk Artwork by Reelization, Inc. While the Grace Bay “Cold Coast” is inundated with new condominium developments, there are few alternatives for people whose preferences lie beyond the beach and towards the other pleasures offered in the Islands. St. James Condominium Residences seek to fill this niche. The oceanfront property is located on an ...

The Point at Sapodilla Bay By Kathy Borsuk Artwork by Jeff Lee It isn’t every condominium project where the developer plans to live in one of the suites. But for Phil Usprech and his wife Bonnie, The Point at Sapodilla Bay will fulfill their dreams of paradise . . . as they believe it will do for an elite group ...

Provo Golf & Country Club Community By Kathy Borsuk Photos by Alan Wizemann, mediaWorks Nowhere can you see a more accurate reflection of the growth of Providenciales than at one of its most prestigious landmarks, the Provo Golf and Country Club. Less than a dozen years ago, the 200 acre site was nicknamed “Alcatraz,” being little but a ...

The Pinnacle on Grace Bay By Kathy Borsuk As Grace Bay’s “Gold Coast” continues to reap accolades as the world’s best beach, development continues to propagate along its sugar-soft white sands and shimmering turquoise seas. And each new development attempts to offer buyers more than the last. One of the newest entries into the upscale condominium market is ...

The Palms Grand Resort By Kathy Borsuk It’s doubtful that the Turks & Caicos Islands are still the “best kept secret in the Caribbean.” I say this because The Palms Grand Resort and Spa–among the newest Grace Bay condominium/resort projects — is able to command a $20,000 deposit from potential investors to be placed on a “preferred” ...

By Anne-Marie Kelly The nautical definition of the word “leeward,” meaning the side to which the wind is blowing, captures only a fraction of the essence of Providenciales’ own Leeward Community. This gated, upscale, marina-based community on the far northeast tip of the bustling island has seen tremendous growth over the past few years. Future plans are ...

Sundance Homes Ltd. Tucked just inside the gates of the multi-million-dollar Leeward Development lies a charming neighborhood, The Residences of Leeward, Sundance Homes Ltd.’s sprawling 80-lot subdivision. A “community within a community,” The Residences of Leeward boasts a relaxed island feel unto itself. Two and three bedroom homes adorned in cheerful pastels line Cocoloba Court and ...