Turks & Caicos Real Estate – The Summit Construction Update, June 2024

Positioned on the highest point in Providenciales, The Summit offers 180-degree ocean views over the North Shore. With vantage points ranging from 94 to 160 feet above sea level, the developers of Ridgeview and Karaya Blue, Latitude 22, continue to work diligently in this private residential enclave, in the much-loved Blue Mountain neighborhood.

Environmentally sustainable, the design includes not only 7.5kw of 20 roof mounted Solar Panels, Tesla Powerwall, and a living โ€˜greenโ€™ roofs. Jรถrg Breuning, the founder of Green Roof Technology, is leading the Living Roof project at The Summit. With 40 years of pioneering experience in the field, Mr. Breuning will ensure that the living roofs are meticulously designed to complement the unique climate and ecology of the Turks and Caicos region. The installation of the living roofs for Villas 4 and 5 is projected to be completed by the end of September, with landscaping scheduled to commence in November.

Construction Update:

Villas 4, 5, and 7 have been sold.

The millwork and tiling for Villa 5 are complete, and furniture installation is scheduled for August.

The first living roof installation on Villa 5 is estimated to begin in August or September, aligning with the villaโ€™s substantial completion.

Villa 4 is nearing watertight, with doors and windows installed, and is on schedule for completion next January.

Villa 7 construction will commence next August.

Lots 1, 2 and 3 sitting at 94โ€™ above sea level remain available.  Lot 6, the only single storey design at 110โ€™ above sea level is available, as well as Lot 8 at 151โ€™ above sea level.  Lot 9 is reserved.

Link to the Summit listings   


About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

                           

Turks and Caicos Reports Record Tourism Growth for 2024, with Several Luxury Resorts Set to Open Between 2024 and 2026

Tourism in Turks and Caicos has gotten off to a record-breaking start this year.

Both cruise and air arrivals to the Caribbean archipelago destination have experienced significant growth between January and May of 2024.

Air arrivals, in particular, are up 10.85 percent over the same period last year with the majority of those arrivals being travelers from the United States. March was the busiest month of all, with a record-breaking 77,559 air arrivals, which amounted to a 15.57 percent increase over the same month last year.

Cruise arrivals in Turks and Caicos are also breaking records with 29 calls to port in April 2024. That figure is the highest number of the year so far, followed by 26 calls in May, which is a 73.74 percent increase in cruise passengers compared to May 2023.

Arrivals to the islands are also expected to remain strong for the coming months, reaching a 24 percent year-over-year increase through August, according to data from the 2024 Amadeus Destination Insights Report, which tracks travel searches and future bookings.

Occupancy rates are also surging inย Turks and Caicosย and are now the highest in the Caribbean region at 87 percent. This is compared to Saint Luciaโ€™s 85.5 percent occupancy rate and Arubaโ€™s 84.3 percent occupancy levels.

In conjunction with the visitation spike, several luxurious resorts and residential developments are preparing to open between 2024 and 2026, according to Experience Turks and Caicos, the tourism authority for the destination. The openings on tap for the destination include:

  • South Bank:ย Grace Bay Resortsโ€™ newest luxury residential resort and marina, South Bank is slated to open in November 2024.
  • The Strand:ย Luxury and sustainable beachfront villas and custom residences, The Strand is expected to open in fall 2024.
  • Salterra Resort & Spa:ย This 100-room resort on South Caicos is scheduled to be opened in February 2025 by The Luxury Collection.
  • The Andaz Turks & Caicos:ย The first Hyatt property on the island, The Andaz Turks & Caicos will be a 59-key resort and 74 residences. A late 2025 opening is planned.
  • The Loren at Turtle Cove:ย Further out on the openings timeline,the The Loren will offer luxury residences including six private beachfront villas, 25 condominium units and 33-guest suites. The property is scheduled to open in 2026.
  • The Point:ย Yet another new Grace Bay Resorts residential offering, The Point will feature 56 homes. A late 2026 opening is planned.
  • Kempinski Grace Bay:ย This upcoming property will feature new luxury beachfront residences and a resort. A specific opening date has yet to be announced.

โ€œWe are thrilled to share that tourism in the Turks and Caicos Islands is at an all-time high,” Hon. Josephine Connolly, minister of tourism for the Turks and Caicos Islands, said in a statement. โ€œWeโ€™re proud to build on such a successful start to the year as we gear up to welcome several new luxury resorts and properties in the second half of 2024 and beyond.โ€

These record statistics for early 2024 follow a busy 2023. Last year the destination welcomed more than 1.5 million visitors, a figure that surpassed the previous year in both air and cruise arrivals.

And in still more evidence of the surging popularity that Turks and Caicos is experiencing, recent research released by Google Flights shows that for U.S.-based travelers, the Turks and Caicos Islands is the most searched destination for couples and family vacations. Turks and Caicos is along among the top five choices for solo travelers for summer 2024.

Altogether, search volume from the U.S. has reached 10.84 million searches to date, an increase of 14 percent from 2023.

Source: TravelPulse

The Palms Turks and Caicos to undergo extensive renovations in the fall of 2024

Please be advised that the Palms will be temporarily closed for extensive renovations starting August 24th, 2024. The resort is scheduled to reopen on December 7th, 2024.

During this period, the Turks & Caicos Sotheby’s International Realty flagship office at the Palms will also be closed, as our team members will be reassigned to the main office.

Please feel to contact Turks & Caicos Sothebyโ€™s International Realty Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474


About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visitย http://www.turksandcaicossir.com.

Villas At Blue Mountain, Turks & Caicos Islands – Construction Start Slated for the Fall

Momentum Builds with Sell-Out Success of the Oceanview Villas, with only Three Oceanfront Villas remaining.

Turks & Caicos Sothebyโ€™s International Realty and Villas At Blue Mountain are thrilled to announce that the three recently offered Oceanview Villas have been sold, leaving only three exclusive Oceanfront Villas remaining in this highly sought-after development.

Designed with a focus on the stunning views of Providencialesโ€™ North Shore, these stylish homes embody casual elegance and provide the perfect setting for beachside living. Nestled in the heart of Blue Mountain, this privately managed collection of 12 homes offers an unparalleled combination of luxury, privacy, and breathtaking natural beauty. The Villas At Blue Mountain feature incredible indoor and outdoor living spaces, with open floor plans ranging from three to seven bedrooms, ensuring every amenity required for effortless modern living. 

Renowned architect Rafael Amuchastegui and his talented team at RAD Architecture have masterfully designed these homes to showcase the harmonious blend of glass and stone, highlighting the stunning vistas of the sky, shoreline, and sea. Each villa is a testament to their commitment to creating spaces that enhance the natural beauty of the surroundings while providing a serene and elegant living experience. 

โ€œBlue Mountain was the very first place my family and I lived when we moved to Providenciales. Today it remains one of my favorite locations on the Island with its incredible views, private beach areas and stunning tranquility. I am very excited to be the development custodian of such a rare and timeless piece of paradise,โ€ says Stan Hartling, CEO & Founder of the Hartling Group and developer of this project.

This milestone reflects the unique appeal of the development and the exceptional lifestyle it offers. Turks & Caicos Sothebyโ€™s International Realty is proud to be working together with Stan on a project that is so close to his heart.

Villas At Blue Mountain are more than just homes; they are a sanctuary where residents and owners can immerse themselves in the tranquility of island living. With every detail thoughtfully considered, these villas offer a seamless blend of modern sophistication and relaxed charm.

Dee Agingu, Global Real Estate Advisor and listing agent, expresses her enthusiasm for the project. โ€œI love Villas At Blue Mountain so much that I call it my home. I canโ€™t think of a more inspiring place to reside and it is a thrill to be working alongside Stan Hartling and his team to represent such an amazing development. We are thrilled with our sales performance so far this year and look forward to selling out the remaining three Oceanfront lots in no time!โ€    

Turks & Caicos Sothebyโ€™s International Realty encourages all prospective buyers to schedule a private tour of the spectacular beach grotto as well as the land site to experience firsthand the breathtaking and expansive views of the remaining oceanfront lot. 

View the remaining oceanfront listings here.

Book a tour here.

For more information or to schedule a private tour, please contact the Turks & Caicos Sothebyโ€™s International Realty office I 1.649.946.4474 I info@tcsothebysrealty.com


About Turks & Caicos Sothebyโ€™s International Realty

Turks & Caicos Sothebyโ€™s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. 

For more information please visit http://www.turksandcaicossir.com.

Meet Lisa Lopes, Global Real Estate Advisor, Turks & Caicos Sotheby’s International Realty

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Sotheby’s International Realty global real estate advisors recognized by RealTrends Verified

Congratulationsย to the Sotheby’s International Realty global real estate advisors recognized by RealTrends Verified + The Thousand rankings of top agents and teams in America. This year, as in many years prior, our brand proudly boasts more individual agents on the list by sales volume than any other real estate company. After all, overachieving for our clients is the foundation of our success.ย 

The links below include our brand press release announcing this achievement and the ad that ran in today’s The Wall Street Journal.ย 

Also published on RealTrends.com this morning were the overall RealTrends Verified rankings.

Please click below for the full list andย congratsย to all!

View Ad

Read Press Release

View Full List

__________________

About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visitย http://www.turksandcaicossir.com.
Turks & Caicos Sothebyโ€™s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

Turks and Caicos’ Newest Residential Resort, South Bank, Opens in November

Views of the Lagoon Villas and Lagoon Islands


Anticipation builds as South Bank prepares to welcome guests into a realm of unparalleled luxury holiday experiences. Travel and Leisure underscores compelling reasons why considering South Bank for your upcoming trip to Turks and Caicos is a must.

The entire $400 million development, which is opening in phases, was inspired by Port Grimaud, a fishing village in the South of France. โ€œItโ€™s a place with a series of canals and life is lived on the water,” Ingo Reckhorn, co-founder of Windward, the developer of South Bank, explained to me over lunch. Boats can pull up directly to South Bankโ€™s dock.

South Bank is so tranquil that when the waves are calm, you can hear a pin drop and might not see another human being for days. Itโ€™s located on a quiet, low-density part of the island thatโ€™s zoned for single-family homes. The secret weapon is combining seclusion with access to all the other Grace Bay Resorts properties. If you want a change of scenery, say an afternoon at Grace Bay for a sail on the propertyโ€™s catamaran or a gourmet Italian lunch at The Rock House, itโ€™s all at your fingertips and easily arranged.

Stunning views

South Bank was designed by Blee Halligan Architects, a firm based in both London and Turks and Caicos. Theyโ€™ve created sleek, angular, and uber-modern structures that are more reminiscent of the architecture youโ€™d see in Dubai than in the Caribbean.

There are four distinct neighborhoods, one of which, Arc, wonโ€™t open until 2026. The starting category is the boathouses, of which there are 38 one-to-three-bedroom residences located adjacent to the marina, each with its own private rooftop terrace.

The 18 lagoon villas, which range in size from three to five bedrooms, are located on the islandโ€™s first ocean-fed โ€œswimmingโ€ lagoon (itโ€™s only 4.5 feet) that feeds into the open ocean. Some of the Lagoon villas have private docks.

The ocean estates are the crown jewels, ranging from four to six bedrooms. The smallest one is 3,150 square feet, while the largest is in the range of 8,000 feet. And if my visit was sufficient to judge, there isnโ€™t a bad view in the place. Estate villas come with personalized butler service.

Arc will be the structure most reminiscent of a hotel. Currently, it’s a construction site, but by 2026, it will be a six-story building designed by Italian architect Piero Lissoni with 17 residences, ranging from one to five bedrooms.ย 

Food and Drink

When South Bank opens in November, Chef Neerul Tamar, a recent transplant from Sandy Lane in Barbados, will helm Lua, a restaurant with Mediterranean-inspired cuisine. We got a sneak peek (or rather, taste) when he cooked for us one evening. Tamar prepared a straightforward but perfectly executed meal of grilled red snapper with mango salsa, tomato mozzarella pesto salad, and steak with salsa verde that ranks among the most tender Iโ€™ve ever had.

Thereโ€™s a beach firepit lounge, bicycles, a fitness center overlooking the lagoon, and a tennis and pickleball court.

Activities and Amenities

When the property officially opens in November, there will be a boat concierge who can arrange all things boating, including yacht rentals, diving excursions, and access to the coral reef research center.

The Spa

The spa, which has yet to open, will have four beachfront treatment rooms. It will be managed by the same company, Grace Bay Resorts, that runs the top-notch spa at the Grace Bay Club โ€” a promising sign. Three very picky people from our group raved about their massages at the Grace Bay spa.

Source:

Travel + Leisure.

Read the entire article here.


About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Turks & Caicos Sothebyโ€™s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

South Bank Hosted an Insightful Webinar โ€“ View Recording

Click to watch South Bank’s recording, hosted on the 2nd of May 2024

With immense enthusiasm, we are delighted to share the latest updates of South Bank and Arc brought by Ingo Reckhorn, Developer of South Bank, Nikheel Advani, COO and Principal of the award-winning Grace Bay Resorts, and Joe Zahm, President and Broker of the leading real estate brokerage Turks & Caicos Sothebyโ€™s International Realty.

The journey at South Bank has been marked by significant milestones. Among some of the most notable are the sold-out inventory of both the Ocean Estate and Lagoon Neighborhoods, and the completion of the stunning Lagoon Islands, accompanied by the majority of their luxurious amenities already in place. Additionally, we are thrilled to announce that the highly anticipated Clubhouse, home to Lua Restaurant & Bar and operated under the esteemed management of Grace Bay Resorts, is set to be completed over the next few weeks. We expect nothing short of excellence in every aspect.

The excitement continues as South Bank prepares to embark on its final neighborhood: Arc. Positioned at the southwest corner of the illustrious development, Arc has remarkably secured over 50% of its Sky Villas by eager owners. The momentum is undeniable as we gear up to commence construction on this extraordinary project.

Estimated Key Dates:

November 2024: Completion of groins and beach work

October 2024: Groundfloor slab to be in place

February 2025: Roof level

June 2026: Completion of Arc

Subscribe to stay in touch

https://www.turksandcaicossir.com/eng

https://livesouthbank.com/


About Turks & Caicos Sothebyโ€™s International Realty
Turks & Caicos Sothebyโ€™s International Realty (TCSIR) is the premier luxury real estate brokerage firm in Turks & Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, TCSIR is the go-to resource for developers, investors, home-buyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, TCSIR is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit http://www.turksandcaicossir.com.

Turks & Caicos Sothebyโ€™s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

Sotheby’s Concierge Auction 2024: Turks & Caicos Sotheby’s International Realty

The worldโ€™s finest art, automobiles and antiques are sold at auction. So is luxury real estate.

Now for the first time since its inception in 1744, an exhibition of luxury real estate will gavel live at Sothebyโ€™s London on 30th May 2024.  Part of its โ€˜The Luxury Salesโ€™ series, the โ€˜Exceptional Global Propertiesโ€™ sale will be simultaneously showcased with Sothebyโ€™s and feature a selection of marquee Sothebyโ€™s Realty offerings alongside the finest luxury items in the world.

Turks & Caicos Sothebyโ€™s International Realty is pleased to announce two spectacular Blue Mountain lots as part of the โ€˜Exceptional Global Propertiesโ€™ offering marking the first time ever that a Turks & Caicos Islands property will gavel at Sothebyโ€™s Auction. Through this exciting partnership with Sothebyโ€™s Concierge Auction.

Accepting Bids from 17th May 2024

Click the images below for more information and to register your bid.


About Turks & Caicos Sothebyโ€™s International Realty

Turks & Caicos Sothebyโ€™s International Realty is the premier luxury real estate brokerage firm in Turks and Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, the firm is the go-to resource for developers, investors, homebuyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, Turks and Caicos Sothebyโ€™s International Realty is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit www.turksandcaicossir.com.    

South Bank and ARC Online Webinar: May 2nd, 2024 at 2:00PM EST

Long Bay, Providenciales, Turks & Caicos Islands

Turks & Caicos Sotheby’s Internationalย Realty and Windward Development are pleased to bring you an in-depth webinar to discuss the imminent operational opening date at South Bank in Long Bay, Providenciales, and the exclusive lifestyle associated with ownership in Arc, South Bankโ€™s final and most iconic neighborhood designed by AD-100 architect Piero Lissoni.

Join the panel for their discussion and hear directly from Ingo Reckhorn, Developer of South Bank, Nikheel Advani, for Grace Bay Resorts’ Rental Management, and Joe Zahm, Broker for the development.

Webinar Info:

Click here to register for the webinar

Webinar ID: 820 4989 3386

May 2nd, 2024 at 2:00PM EST

We are looking forward to an exciting and informative session.

Please remember to register if you’d like to attend the webinar.


About Turks & Caicos Sothebyโ€™s International Realty

Turks & Caicos Sothebyโ€™s International Realty is the premier luxury real estate brokerage firm in Turks and Caicos. Boasting a profound track record and significant foothold in all market segments, particularly new development and trophy properties, the firm is the go-to resource for developers, investors, homebuyers and sellers in this highly sought-after destination. With strong leadership backed by the worldโ€™s greatest international luxury real estate brand, and a diverse array of international agents representing 15 countries, Turks and Caicos Sothebyโ€™s International Realty is influential in both the local community as well as the greater real estate industry worldwide. The firmโ€™s signature office is ideally located in uptown Grace Bay with satellite offices at Grace Bay Club, The Palms and Point Grace. For more information please visit www.turksandcaicossir.com.