The Strand Turks & Caicos Construction Update – September 2022

The Luxury Residences are steadily changing the landscape of Cooper Jack Bay as the video provided below shows all of the exciting work that has been accomplished thus far.

Luxury R3 has all windows and doors installed, as well as all plumbing and electrical above ceilings, while Luxury R2’s ground floor slab is poured and walls are forming. Meanwhile, Luxury R7’s main pool base and walls are poured, and the main house ground floor slab will be poured this week. Luxury R1 has its retaining wall in place and work has begun to prefabricate the main house columns.

As for The Villas, Villa ‘A’ Building retaining walls are forming. The pools have been excavated and they will be prepping to pour the ground floor. At the same time, they are building out The Strand kitchen and restaurant area. The first of its kind in Provo, the kitchen will have a living green roof that will blend in with the native vegetation above. But they didn’t stop there—the dining experience at The Strand will also be a first-of-its-kind, with the dining tables on the iron shore edge overlooking a sugar sand beach and the Caicos Banks beyond.

Villa ‘B’ Building is set to start, at which time construction of the Main Pool area will begin. A combination of Old World-inspired stone walls, lush greenery, and your own loungers tucked into the limestone will give you the feeling that you have found your own Caribbean sanctuary.

With three of the custom lots reserved for Grand Residences they are beginning to extend utilities to the East of the development in preparation for these unique properties. The Main Parking retaining walls along Cooper Jack Road are up, and the retaining walls around the Clubhouse entry are being formed.

Link to listings for The Strand Turks & Caicos

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay, Providenciales.

Introducing Arc – Elevated Beachfront Living in Turks & Caicos

A New Level. Discover Elevated Beachfront Living

Taking its prominent position at the gateway to South Bank, Arc rises from the sculpted, sheltered resort beach and offers all-encompassing views from its 17 exceptional Sky Villas. Each with seamlessly connected landscaped Air Gardens, these new residences offer a secluded lifestyle experience of sky, sea, nature and space.  At home in their dramatic setting, the Sky Villas welcome all-encompassing views of the Caicos Bank and the ever-changing scene of the vibrant South Bank ocean lifestyle.

A Rare Lifestyle Experience

Wellness, nature, and adventure form the very essence of the experiences at South Bank. Arc features a restaurant and bar, gym, two pools, jacuzzi, owner’s lounge, board room, garden firepits and a boardwalk leading to the cabanas on the pier. Within the main resort, Arc residents also benefit from the lagoon-side rejuvenating spa and gym, ​effortless boat concierge service and Clubhouse restaurant and bar. With owner and guest service and facilities expertly provided by Grace Bay Resorts, every day will be an experience to treasure. Experience Caribbean waterfront living at its best, delivered by one of the leading hospitality experts in the Caribbean.

Meet The Architects

Piero Lissoni, Founder and Design Principal at Lissoni®, brings his mastery of contemporary design to South Bank with the unveiling of Arc and its Sky Villas. With offices in Milan and New York, Lissoni® has a thirty-year history in developing international projects. Inspired by a sense of rigor and simplicity, his designs are characterized by a regard for detail, coherence, and elegance. The ideal fit for the South Bank vision. Meet the renowned architect behind the Sky Villas at Arc, as he explains his vision for this inspired reimagining of elevated beachfront living.

Rob Report Article

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay

Link to listing information for the Arc at South Bank

The Strand Turks & Caicos Construction Update – July 2022

A lot has happened at The Strand in Cooper Jack Bay since the ceremonial Groundbreaking on March 25th, 2022.  We recently published a video in social media (https://www.instagram.com/p/CfhEpytqBY5/) revealing that Cooper Jack Bay Road is now entirely paved.  Road paving, as we witnessed in Turtle Tail (paved in 2016), is pivotal to increases in land and property values, with the most recent oceanfront land and oceanfront villa sales garnering a 30+% increase as compared to sale prices of recent years. The completion of Cooper Jack Bay Road was spearheaded by the Developers of The Strand, an ultra-luxury development which will bring tremendous added value to the surrounding neighborhood of Cooper Jack.   

The Strand Luxury Residences

As for the construction updates at The Strand, Luxury Residence R3 is now at roof level with doors and windows being installed and Luxury Residences R2 and R7 are beginning the foundation stage.  Of the six Luxury Residences, R8 is reserved leaving only one residence remaining available, R9 priced from $8.95M.  There are three Grand Residences available priced from $10.5M. The Villas – Building A, is almost fully sold out and will begin construction imminently. The Villas are priced from $2.495M for a 2-bedroom and $3.1M for a 3-bedroom. Other construction milestones will be in the works in the coming months, including the reception building and resort beachfront area.  We are excited about construction progress and sales momentum as we look forward to the future of The Strand and the quality lifestyle it will provide.

Our sales agents joined the development team at The Strand site yesterday to get a close up look on the incredible progress of Luxury Residence R3.

Residences and Villas will have stunning views of Cooper Jack Bay.

An exclusive, sophisticated hideaway in a relaxed coastal setting, The Strand is the first of its kind on the Island with a limited collection of luxury beachfront villas, custom residences, and homesites, alongside access to vibrant community programming and full resort amenities and services. The Beach Club flows into the centerpiece resort-style swimming pool, surrounded by native limestone, and the dramatic water’s edge restaurant and bar. Amenities include access to The Strand’s own Club Boats with a private captain, catamarans, kayaks, and paddleboards, as well as a tennis court, two pickle ball courts, and a state-of-the-art fitness center with a secluded yoga deck. Additionally, a la carte club services include in-home spa services, housekeeping, pre-arrival shopping, private chef and catering, airport transportation, landscape maintenance, an artist in residence program and security. In addition to the beachfront setting, the site offers 1,400 feet of canal and marina frontage, with a full marina and slips for owners, as well as several community yachts slips. The Strand is built from the ground up in the most sustainable way possible. In partnership with Renu Energy TCI, a local leader in solar home integration, The Strand offers solar packages on all its villas, making this development one of the first ultra-luxury community with this level of sustainability in the Caribbean.

Link to listings for The Strand Turks & Caicos

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay, Providenciales.

TCI Real Estate Market Continues to Ride Momentum of Historic 2021

Turks & Caicos Real Estate Market Report – 2nd Quarter 2022 YTD Comparison

As we read through the headlines of each market report, since the tipping point at the end of 2011, one can sense how the momentum has escalated throughout the past decade. Turks & Caicos Islands is no longer a secret and has become the luxury standard for investors and vacation homeowners. These yearly successes have helped our country overcome the odds, firstly in 2017 with Hurricane Irma and then in 2020 with the Pandemic. We remained cautiously optimistic during both of those occasions and now look back with pride for our community, private sector and the TCI Government and the good guidance and support provided by all throughout.   

So how does a real estate market follow such a monumental year in sales? We can look to the financial advisors for their analysis such as the Baker Tilly report, within our Caribbean region, with recent headlines of “Investors Bullish on Caribbean Tourism Boom”. The newly published survey for 2022 is a robust report that shows several indicators that both Banks and Non-Bank Lenders are confident that the Caribbean real estate and tourism growth will continue for the next 12 to 18 months. Link to Baker Tilly Survey Here. What does this mean for Turks & Caicos Islands? Thankfully, several developers have exciting projects on the forefront which will be launched very soon. New developments and emerging re-sale inventory will help bridge the gap to sustain our market’s decade-long momentum. The fast-paced sales cycles witnessed in 2021 and first quarter of 2022 have tapered off in some areas positioning buyers for a hopeful replenishment in depleted inventory.

Another indicator of our sustained and continued growth is Standard & Poor’s affirmation of our country’s sovereign credit rating for long-term bonds, denominated in both domestic and foreign currency, of BBB+. Furthermore, S&P believes the TCI will continue to adhere to prudent financial management and limit borrowing, and that fiscal reserve balances will increase during the next two years. Link to TCI Weekly News Article.  

The gauge where real estate agents have our finger on the pulse is with our clients and owners of TCI real estate. This is the barometer that is at the core and best defines the health and sustained growth of our market. With 85% of TCI real estate owners from North America, we can sense the ebb and flow with investor confidence within our market which is historically linked directly to the USA and NA. 

Now for our current market report for the first half of 2022, the market stats are holding up quite well to last year’s historic run. Condominium sales continue to be strong with a sales volume increase of 42.54%, led by the Rock House completion, Ritz Carlton sales completions carryover and robust condominium re-sales. In 2021, buyers were focused on single family villas until inventory depleted, and now in 2022 they are concentrating on condominiums at all price ranges. The Overall Market finished a mere 10.5 % down over last years’ Q2 with $327,501,259 in total sales.   

Even in the face of world events and economic shock waves led by inflation, TCI continues to see steady demand for quality real estate, though certainly a bit less frenetic than in 2021. Q3 and Q4 will see the launch of significant blue chip new developments, which bodes well for future inventory and our evolving luxury tourism product.  

We welcome you to view the full report for new listings and market graphs illustrating the decade long momentum.  Download the full report with one of the links below.

Link to PDF Report

Digital Flip-Book Link Here

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

Turks & Caicos 5-Bedroom Canal Front Home Nearing Completion

120 Pinta Lane, designed by COAST Architects, is the newest addition to the well sought-after Leeward Canal community. This sprawling and nearly completed, 5-bedroom, water-front home is situated amongst 0.74 lush acres, with 113 feet of water frontage.  The villa is meticulously designed catering to all the amenities of canal front living, with approximately 80 feet of dock space and water views from every room.

Looking for a new vacation home to celebrate all the upcoming holidays?  120 Pinta Lane provides plenty of entertaining space with the first level interior matched with a spacious, end to end, covered terrace, equipped with a BBQ area, overlooking a large in-ground pool. These indoor/outdoor areas are joined by collapsing doors, and when opened, allow for more than 3,000 SF of living, dining, and entertaining space on the lower level. The kitchen and dining area are equipped with best-in-show, Sub Zero and Wolf appliances. With a 3,700 SF interior and a total of nearly 6,000 SF of finished areas, Pinta Lane’s newest addition is the perfect family vacation home. Additionally, the ample lot allows for a guest house or garage, not currently included in this phase of construction, but available upon request. A turn-key furniture package is also available upon request.

For further detail about 120 Pinta Lane please view our website which includes the floorplans, conceptional renderings and additional construction photos.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay, Providenciales

Turks & Caicos Real Estate Sales Continue To Soar

Turks & Caicos Real Estate Market Report – 1st Quarter 2022 YTD Comparison

Turks & Caicos Real Estate continues to soar as 2022 is shaping up to be another strong year with buyer demand remaining solid in a fast-paced market with a lot of moving targets. Competition for desired properties is high with many listing agents managing multiple offers and off market properties selling without coming to market. Buyers know what they want, and sales agents are digging deep to find an appropriate investment or vacation home for their clients and customers.

Construction throughout Providenciales, even without large scale vertical development, at this time, is at an all-time high with new homes coming out of the ground in all community areas and stretching to the out islands. The biggest issue for builders and developers is trying to contain ever increasing construction costs hit hard by supply chain and inflationary issues.

In the forefront with new construction is the implementation of renewable energy which seems to be a top selling feature for new developments on island. Notable developers are on board with Renu Energy TCI, a renewable energy company that has also experience tremendous growth over the past three years with the installation of solar panels, tesla power walls and electric vehicles and accessories.

Fortis TCI has also been at work transforming the TCI energy landscape with the introduction of solar power programs to take advantage of this ample resource, C.O.R.E (Customer Owned Renewable Energy) and U.O.R.E. (Utility Owned Renewable Energy), with the latter program contracting several companies. The EV and charging station pilot project which was introduced in 2018 has started to catch on with several electric cars in use throughout and charging stations popping up across the island.

Leading the way in energy efficiency and various forms of renewable energy in Turks & Caicos was Green Revolution which was established in 2011. Since their formation the company has completed many projects both residential and commercial in scale, throughout the region. These projects are saving residents of the Caribbean hundreds of thousands of dollars each year.

With sustainability on peoples’ minds and in the news, we are proud that our country has embraced the importance of these initiatives and developed a plan for our beautiful by nature islands. The recent signing of the TCI Climate Change Charter which took place on Earth Day this past Friday, April 22nd during the 1st Annual Climate Change Summit entitled “Only One Earth – Invest In Our Planet”, the private and public sectors came together to take action with this roadmap as a guide to help protect and safeguard our environmental assets. 

To continue reading, download the full report with one of the links below.

Click link to download full report.

Link here to full report

Digital Flip-Book Link Here

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

$210 Million Luxury Development, The Strand, Breaks Ground In Providenciales

The Strand, a $210million residential resort community development, is the latest addition to Turks and Caicos Islands high-end luxury brand of properties.

The ground-breaking ceremony for the development, which will be located on 2,230 feet of pristine shore frontage on Cooper Jack Bay, in Providenciales, took place on Friday, March 25th, 2022.

Following the announcement of the new development in late 2020 and a very successful sales launch in 2021, the developers have received all permits and approvals and are underway building out single-family homes and several community amenities, including the marina and beach club. The project is expected to be completed by 2025.

Among those attending the ceremony were The Strand’s developer and Managing Director John Fair, Her Excellency Acting Governor Anya Williams, Premier Washington Misick, Minister of Education, Rachel Taylor, Minister of Tourism, Josephine Connolly; Minister of Home Affairs, Otis Morris, Minister of Health, Jamell Robinson, MP Samuel Been, and other dignitaries.

The Strand, Turks and Caicos offer owners and guests an unmatched luxury experience with a limited collection of beachfront villas, custom residences and home sites.

The Strand’s full resort-style amenities, five-star services, and array of community programming will bring something truly unique and new to the Turks & Caicos.

Turks & Caicos Weekly News, Providenciales, Turks & Caicos Islands

Link to Source Article

The Strand is listed by Turks & Caicos Sotheby’s International Realty

Link to Listing Information

Beach Enclave North Shore Phase 2 Construction Update

A lot has happened since our last update on the construction at Phase 2. All five beachfront homes are well on their way along with two of the oceanview homes and updates to the Club Lounge and Gym as noted on this video that was captured on Friday, February 18th, 2022. We look forward to reviewing the progress of the entire development throughout this year. Note that there are only two oceanview homes remaining, Lot 8 and Lot 9.

The Phase 2, Beach and Ocean View Houses are designed by acclaimed Jacobsen Arquitetura, and take Beach Enclave’s ethos of tropical, soft modern contemporary design to the next level. The open-air design acts as a frame for its natural surroundings. Full kitchen and outdoor living spaces are connected through floor to ceiling minimalist glass sliders, double height ceilings, custom millwork and a carefully curated Jacobsen Arquitetura furniture package.

The architects’ vision highlights natural surroundings through seamless indoor and outdoor spaces. Outdoor entertainment areas include a covered living space off the great room, sun deck and infinity pool, and optional fire pit and summer kitchen and bar. The large indoor kitchen (available in two design options) and great room feature generous natural light and floor to ceiling glass sliders opening onto the expansive covered deck.

Finishes are of the Beach Enclave standard, and include Sub-Zero & Wolf appliances; high-end, handmade custom millwork throughout; high-quality, large format European tiling; Ipe hardwood decks; high ceilings; lighting design; sound system. A menu of pre-designed options is available for buyers to personalize their home.

Expanded resort amenities include an elevated oceanfront Club Lounge with an indoor/outdoor bar and restaurant, lounge enhanced with water and fire features, an upgraded oceanfront Fitness Center and Yoga Deck, lighted tennis court, kids club, and a one-of-a-kind Enclave Garden.

Link to detail on the remaining two Ocean View Houses.

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay

info@tcsothebysrealty.com, 649.946.4474, https://www.turksandcaicossir.com/

Grace Bay Resorts is Pleased to Introduce the Release of the Reserve Villas

The Reserve Villas at Rock House are a pre-construction offering of only 10 villas set on the hilltop ridge overlooking the resort and ocean beyond. The 3-bedroom and 4-bedroom ocean view villas are located on the upper ridge and are 2-storey designs at 65’ of elevation on the main level and 76’-6”on the upper level. The 2-bedroom ocean view villas offer the option of an additional den across the courtyard garden and are located on the first ridge at 50’ elevation above sea level and are 1-storey designs, each with their own pools. At these elevations on the Rock House site, the views are panoramic and positioned with ease of access and proximity to the resort and Beach Club amenities. The villas are constructed to the highest standards in keeping with the first phase already nearing completion, fully compliant with Turks & Caicos building codes and meeting international standards. Built and designed with the finest of interior finishes and fixtures, the highest quality appliances, custom impact-rated sliding glass doors/windows and structural concrete construction and with an ecological approach. The property has taken its place in nature seriously and has retained and replanted more than 4,000 native plants and trees throughout the site to ensure this low-density resort remains authentic to its locale.

Rock House, set to open in May of 2022, is the next generation luxury resort and residential development in Grace Bay Resorts’ family of successful hospitality brands. Capturing the allure and elegance of the south of France, Capri and the Mediterranean coast, this distinctive private resort blends elegantly into its rugged coastline and elevation, providing unsurpassed views and privacy in a handmade setting. The center of attraction at Rock House is its dramatic, secluded beach, and an oversized pool perched on a 25-foot limestone cliff. Upon the hilltop overlooking it all will be a restaurant and bar, spa, fitness center and arrival pavilions, each offering a 180-degree view of the Atlantic Ocean and Providenciales.

Link to The Reserve Villas Listings

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay, Providenciales

turksandcaicossir.com, 649.946.4474, info@tcsothebysrealty.com

Z-ONE RESIDENCES in Grace Bay, Providenciales

New residences under construction, walking distance to the heart of Grace Bay and the beachfront!! Prices from $275,000 to $605,000.

Z-ONE is a thirty residence, multifamily investment and residential opportunity located in Grace Bay, Providenciales. With one of two 3-story buildings nearing completion, and the second building already well under construction, Z-ONE offers qualified investors the opportunity to acquire an investment property or full-time residence in one of the tightest rental markets in the Turks and Caicos Islands. Located in The Village at Grace Bay, the residences are conveniently situated just inside the western entrance, approximately a quarter of a mile from the heart of Grace Bay’s amenities, shops, restaurants, and bars. Only a few minutes walk to its famed beaches and in the neighbourhood of the luxury resorts along Grace Bay. Positioned on a sizable 1-acre site, the property consists of two stylish, modern garden-style apartment buildings comprised of six studios, twelve 1-bedrooms, and twelve 2-bedroom residences, with several commanding an ocean view. Each building is fitted with quality doors and windows and equipped with elevators. Z-ONE Residence’s common area amenities include gated entrance, car parking, pool, poolside restroom, gym, common area BBQ, external area security cameras, and emergency backup generator for the exterior common areas. The interior specifications offer top-of-the-line brands, boasting Kohler faucets, fixtures, fittings, and hardware, large format porcelain tile flooring, Caesarstone kitchen countertops and backsplash, and custom-milled cabinetry throughout. Specifications of hardware, equipment and HVAC are best-in-class. Tankless water heaters, wireless doorbells and radio frequency water meters are amongst many thoughtful extras evidencing that the project is built for the long term.

Link to Listings

Link to Google Map Location

Turks & Caicos Sotheby’s International Realty, Venture House, Grace Bay, Providenciales

turksandcaicossir.com, 649.946.4474, info@tcsothebysrealty.com