Grace Bay Resorts, a leader in luxury resort and residential development in the Turks and Caicos Islands, recently celebrated a major milestone with the groundbreaking of The Point, an exclusive 56-home luxury development located along 300 feet of pristine Grace Bay Beach in Providenciales.

The elegant ceremony, held on Saturday, February 1st, 2025, at Grace’s Cottage at Point Grace resort, was attended by an esteemed group of key stakeholders, local dignitaries, and members of the business community. Premier Charles Washington Misick joined the Grace Bay Resorts team in leading the event, marking a significant moment for the island’s luxury real estate landscape.

The event was emceed by Ilana Ewing, a prominent local figure, who set the stage for the attendees. A major highlight of the evening was the announcement of Grace Bay Resorts’ partnership with Republic Bank Limited (RBL), a subsidiary of Republic Financial Holdings Limited, the largest financial group in the Caribbean region. This new partnership signals exciting growth for the region.

Mark Durliat, CEO of Grace Bay Resorts, stated, “This new partnership and Republic Bank’s entry into the Turks & Caicos is a significant win for this destination. It has the potential to unlock new opportunities for the nation and its citizens. We are thrilled that RBL has chosen The Point as its entry into the Turks & Caicos, and we believe this is just the beginning.”

Nikheel Advani, COO of Grace Bay Resorts, emphasized the importance of the project: “Breaking ground on The Point is a testament to our team’s dedication and the strength of our vision for Grace Bay Beach. With a solid foundation—both financially and structurally—we’re excited to bring this extraordinary development to life and set a new standard for luxury living in the Turks and Caicos.”

Throughout the evening, Ms. Ewing captivated the audience with the history of the project and shared a promise made to the original developer of Point Grace ten years ago—to preserve the spirit of an intimate, boutique property. She highlighted that, while the current planning codes would allow for taller buildings, the development team chose a more intimate approach. The project is designed with only 150 rooms, despite being permitted to develop up to 400 rooms.

The project has seen unprecedented success in sales, with 75% of the units already sold. Only eight of the 42 beachfront condominiums and six of the 16 casitas remain available for purchase.

Designed by the award-winning SWA Architects, a veteran firm in TCI, and Young Huh Interior Design, a repeat winner of AD-100 and Elle Décor awards, The Point promises to be a stunning addition to the island’s luxury real estate. The project is being marketed by Turks & Caicos Sotheby’s International Realty, long-time collaborators of Grace Bay Resorts.

Amenities for The Point will include several new restaurants and bars, four luxurious pools (including an adults-only pool), underground parking, a double-height spa, an oversized fitness center with a yoga pavilion, tennis and pickleball courts, oceanfront cabanas, and a kids’ discovery zone.

The Point is expected to be completed in 2027. 

To learn more about The Point, visit www.thepointtci.com.

To learn more about Grace Bay Resorts, visit www.gracebayresorts.com

About Grace Bay Resorts

Over its 20-year history in the Turks & Caicos, Grace Bay Resorts has become one of the leading development and hospitality operators in this Caribbean destination, managing some of the most exclusive & widely recognized properties in Providenciales. Beginning in 2001 with its expansion and development of the award-winning Grace Bay Club, the company has been involved in over a dozen different hospitality & residential developments and currently operates the Grace Bay Club and Rock House, both members of Leading Hotels of the World, West Bay Club, a member of Preferred Hotels of the World, Point Grace Resort and South Bank, both members of Small Luxury Hotels of the World. The firm employs over 900 staff, led by a team of executives having been groomed at the top echelons of hospitality, including Aman Resorts, Raffles Hotels, Ritz Carlton, Four Seasons, Oberoi and Marriott. http://www.gracebayresorts.com