Tag Archives: Turks & Caicos Realty

Turks & Caicos Construction Update – The Dunes Villas

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In early September 2014, The Dunes Development ( #turksandcaicos ) broke ground on the first building of a two villa micro-resort concept  and design which, after completion, will be managed by Grace Bay Resorts, the leader in the short term rental market in  Providenciales with Grace Bay Club, The Estates at Grace Bay Club, West Bay Club and the new villas The Residences.  The Dunes will be a welcome addition to Grace Bay Resorts rental portfolio. We welcome you to view our April 2015 construction update. Click on the picture below to download the 6 page PDF update.

Turks and Caicos Real Estate

 

Turks & Caicos Sotheby’s International Realty Official Broker for Shore Club

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low rise condo building rendering

For the second time in 15 years, two of the most successful names in Turks and Caicos real estate development have formed an alliance.

The Hartling Group has named Turks & Caicos Sotheby’s International Realty (TCSIR) as the official broker for the Shore Club. The third luxury beachfront resort development for the Hartling Group, the $100 million Shore Club is now under construction on Long Bay beach.

Hartling Group CEO Stan Hartling, and Turks & Caicos Sotheby’s President Joe Zahm, first worked together in 1999, when Zahm provided consulting services on the design of phases two and three of Hartling’s first resort project on Providenciales – The Sands on Grace Bay.

The Sands became one of the first and most successful condo-resorts on Providenciales, and Zahm’s real estate agency (first established as Connolly Zahm Properties) became a powerhouse new development specialist before it morphed into its present form as TCSIR.

From that first occasion when Hartling and Zahm combined their collective expertise has come many years of professional respect and personal friendship between the two business leaders. “I’m really looking forward to working with Joe and his team again,” states Hartling. “We feel that combining our in – house abilities with Turks & Caicos Sotheby’s International Realty’s local, regional and international power, puts the Shore Club, and other Hartling Group developments in the optimal position to grow on our success. Joe, Nina Siegenthaler and their team have deep knowledge of the resort real estate model and luxury market, and have many tools at their disposal to penetrate the international market through the Sotheby’s International Realty Brand”.

Adds Zahm: “The timing is ideal for our team to represent the Shore Club to our international audience. Long Bay is now home to some of the finest completed and under-development estates in the Caribbean, with strong market demand and rapidly improving values. Just as Stan’s existing developments significantly exceeded expectations, so too will the Shore Club, with its highly evolved, lower density master plan, multiple swimming pools and restaurants, great condominium suites and incredible single family villas. Construction is progressing quickly and with over 60% of the condominiums sold, we look forward to introducing buyers to this exceptional opportunity to purchase a luxury condominium or villa within an expertly designed development in a private, exclusive setting”.

Beachfront condos at the Shore Club start from $1.4 million, and the six bedroom villas start from $5.5 million. The condos will be ready for occupancy in early 2016.

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Shared from The Shore Club Blog – November 13th, 2014

BEACH ENCLAVE STARTS CONSTRUCTION – NOV. 5, 2014

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Beach Enclave Press Release

BEACH ENCLAVE is pleased to announce that construction has commenced on Beach Enclave, a premier, gated, beachfront, single family villa development combining private home ownership with tailored rental and management services.

Click here to read more

Dog-Friendly Turks and Caicos Estate Lists for $48 Million

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Dallas investor Robert Haas and his wife Candice named the home they built on a Caribbean island “Oliver’s Cove,” after the first of their many rescue dogs. The guesthouse is named after Elmer, another canine family member.

The couple, who spend 60 to 90 days every year on their roughly 6½-acre estate on the island of Parrot Cay in Turks and Caicos, likes to bring two of their dogs with them each time to the house, which has an outdoor dog run with a fountain. But after many years, the Haases, who also have homes in Dallas and Malibu, Calif., have decided to put the property on the market for $48 million, citing the fact that all three of their human children now live on the West Coast.

As for the dogs, “I haven’t had the heart to tell them that we’re selling,” quipped Mr. Haas, 67, who became known in the 1980s for his leveraged buyouts, particularly a deal that combined Dr Pepper Co. and Seven-Up Co. More recently, he has published several books (one of them—“Miracle Man: 100 Days with Oliver”—was inspired by the property’s namesake).

With nearly 800 feet of beach frontage, the property includes a roughly 7,000-square-foot main house with four bedrooms, five full bathrooms and one half bath. Clad in coral stone with a cedar-shingle roof, the main house also has a fitness room and a two-level great room.
With nearly 800 feet of beach frontage, the property includes a roughly 7,000-square-foot main house with four bedrooms, five full bathrooms and one half bath. Clad in coral stone with a cedar-shingle roof, the main house also has a fitness room and a two-level great room.  Photography by Provo Pictures

With nearly 800 feet of beach frontage, the property includes a roughly 7,000-square-foot main house with four bedrooms, five full bathrooms and one half bath. Clad in coral stone with a cedar-shingle roof, the main house also has a fitness room and a two-level great room. Outside Mr. Haas’s study there is a Zen garden where he likes to spend time meditating. The guesthouse next door, nicknamed “Elmer’s Bay,” measures almost 2,500 square feet, with three bedrooms and three bathrooms. Both houses sit on the sand, each with its own pool.

The roughly 1,000-acre private island is the site of the luxury resort Parrot Cay by COMO. Homeowners on the island have access to hotel amenities, such as room service, housekeeping and spa services. Other owners include Bruce Willis, Donna Karan and Christie Brinkley, who is listing her home there for $9 million.

The property is being sold furnished. Building and furnishing a home on a secluded island that has no stores on it “isn’t easy,” said Mr. Haas, who said barges were used to transport construction materials and furnishings.

The property is listed with Nina Siegenthaler and Joe Zahm of Turks & Caicos Sotheby’s International Realty.

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WALL STREET JOURNAL – Real Estate
By Candace Taylor

Oct. 16, 2014 5:18 p.m. ET

Turks & Caicos Real Estate 3rdQ Market Report

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Turks & Caicos Market Report

We are pleased to report continued strong growth in the residential sector through Quarter 3 of 2014.  Single Family Home and Villas lead the way with a 99% leap in $Volume over Q3 last year . . . Click here to read more

Christie Brinkley’s Beach Home!

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Lucky House Parrot Cay

Christie Brinkley’s Beach Home!

The description, “tall willowy and blond,” was considered to be the ideal woman long before the beauty with the smiling eyes, Christie Brinkley, was first discovered in a Paris post office in 1973 by American photographer, Errol Sawyer. As a self-described “California surfer girl,” she certainly never thought of herself as a model, but decided to give it a go when Sawyer introduced her to John Casablancas of Elite Model Management agency in Paris. After talking with him, she flew back to California to meet with Nina Blanchard, the Eileen Ford affiliate in Los Angeles, and from that point was propelled into the the modeling career of a lifetime. Most widely known for her record breaking successive Sports Illustrated swimsuit covers from 1979 to 1981, she also broke the record of having the longest contract in history for Cover Girl that lasted 25 years. Brinkley has graced the covers of almost every fashion magazine, appeared in roles in the National Lampoon’s Vacation films and has now appeared on Broadway as Roxie Hart in Chicago.

What sets Christie aside from most top-tier models is her astute business sense. Starting by producing two of her own calendars after the success of the Sports Illustrated swimsuit calendars, to amassing a fortune in real estate, mostly in the Hamptons, to writing, illustrating, appearing on sitcoms, designing clothing patterns and now with her own wig company, Hair2Wear, Christie has accumulated a net worth over $130 million. Not a flamboyant spender, she takes pride in managing a rather low key lifestyle. Now at age 60, Brinkley is selling her beach home where she and her children happily frolicked and spent valuable time together away from the eyes of the paparazzi, at her private beachfront island paradise in Parrot Cay in the British West Indies’ Turks And Caicos islands.

Parrot Cay is a private oceanfront resort of 1,000 unspoiled acres along more than a mile of white powder beach. Brinkley’s Lucky House is sited on 1.6 acres facing ocean sunsets from its 200 feet of beach. Surrounded by lush tropical landscaping, the 3,400-square-foot main house has three bedrooms, all with ocean views, four baths with the master suite located in its own detached pavilion only steps from the sand. Interiors exude the tropical feel with whitewashed walls, wood beams and floors. Outside is the infinity pool, terrace and gardens with a two bedroom guest house/staff quarters with additional storage and golf buggy garage. Resort amenities include the award-winning COMO Shambhala Retreat, which provides a range of holistic, Asian-inspired therapies as well as Yoga and Pilates. Services include estate management, private butler service, daily maid service, and in-villa dining. When not in residence, the property can be put into rental management and has been rented for over $8,000 per day.  For more information.

Christie Brinkley’s private tropical paradise retreat is now on the market. Previously priced at $10.75 million, now reduced to $9 million.

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http://www.TopTenRealEstateDeals.com

Turks & Caicos Sotheby’s International Realty visit ONE Sotheby’s Realty corporate office in Coral Gables, Florida

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ONE Sotheby's

Turks & Caicos Sotheby’s International Realty visit ONE Sotheby’s Realty corporate office in Coral Gables, Florida.

Making great connections and working together as global real estate advisors our partnerships with 720 affiliate offices in 52 countries and territories worldwide provides an unparalleled advantage in locating the best properties and investors, Sotheby’s International Realty is truly the only luxury real estate brand with a vast network and global footprint.

Pictured from left to right, Gus Rubio, COO, ONE Sotheby’s Realty, Joe Zahm, President, Turks&Caicos SIR, Nina Seigenthaler, Vice President, Turks&Caicos SIR, Daniel de la Vega, President, ONE Sotheby’s Realty

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Sotheby’s International Realty’s Annual Global Networking Event

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GNE Miami GNE Miami

Sotheby’s International Realty’s Annual Global Networking Event, a dynamic, three-day event, was held Sept. 8 to 10 at the Fontainebleau Miami Beach in Florida. This conference brought together approximately 1,500 network members from 31 countries and territories worldwide. Turks & Caicos Sotheby’s International Realty’s Directors and Sales Agents had a great opportunity to network and share best practices with some of the world’s most talented real estate professionals, generate valuable referral business and learn more about the industry and the Sotheby’s International Realty brand’s vision for the future. The Sotheby’s International Realty network currently has more than 15,000 independent sales associates located in approximately 720 offices in 52 countries and territories worldwide.

Pictured from left to right are Dee Agingu, Lisa Lopes, Takera Francis, Joe Zahm & Nina Siegenthaler. Second photo are Dee Agingu, Joe Zahm & Buddy Rego.

Turks & Caicos Real Estate Market Report 2nd Quarter 2014

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Cover.July2014Single Family Home/Villa sales continue to lead the market with a sustained increase during the first half of this year.  The 115% $ Volume increase was led by the significant sales in the luxury villa market.  Link to complete report. 

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Turks & Caicos Sotheby’s International Realty

 

RITZ-CARLTON TO REPLACE JW MARRIOTT IN TURKS AND CAICOS ISLANDS

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RitzLogo

World-class luxury hotel brand Ritz-Carlton is in advanced negotiations to operate a multi-storey hotel and condominium project in Turks and Caicos Islands, (#turksandcaicos) replacing the much-vaunted JW Marriott hotel and casino development which was earmarked for Grace Bay, on the island of Providenciales.

Impeccable sources told The SUN that the Desarrollos Hotelco Turks and Caicos already has indicated to Government officials that they intend to switch from the JW Marriott brand to Ritz-Carlton, in a move that will delay construction of what will be the most significant and expensive hotel development in the history of the Turks and Caicos Islands.

When the SUN contacted Ms. Parool K. Shah, Ritz-Carlton Regional Director of Public Relations for the Americas for more details about the project, she stated: “I am delighted to confirm that The Ritz-Carlton Hotel Company will indeed open a resort in beautiful Turks and Caicos’ Grace Bay as part of the global development pipeline, sometime after 2016.”

According to sources, the new owners of West Caicos have ditched plans to have Ritz-Carlton manage and operate their property, thus paving the way for the Venezuela-based Desarrollos group to capitalise on the high-end brand.

“It is true to say that there will be a delay in what was supposed to be a JW Marriott Hotel and Casino in Grace Bay, but I also have to stress that it will be a very positive delay because the entire scope, scale and cost of the project will increase and this will be of tremendous benefit to the entire Turks and Caicos Islands,” said the source who requested anonymity.

The official revealed that architects are in the process of re-designing plans for the high-end tourism development to bring the project in line with Ritz-Carlton standards.

“Let me put it like this. JW Marriott would have been a huge deal for the Turks and Caicos Islands, but Ritz-Carlton is definitely bigger and better,” the official added. “It will require much more detailed drawings and a whole new redesign. It will be one of the finest hotels in the world.”

Meantime, the source told The SUN that the Desarrollos Hotelco Turks and Caicos Ltd “would hardly want to build a 14-storey hotel”, although Government is about to have a public consultation on this contentious topic.

“I think it’s safe to say that they will stick with the nine-storey concept to avoid any further delays,” the source added.

Earlier this year, Walter Stipa, the majority investor of Desarrollos Hotelco Turks and Caicos Ltd., announced plans to open a new 380-room JW Marriott Hotel and Casino which will include 16 residential condos.

The nine-story hotel which will be built on a11-acre site, was scheduled to open in early 2016.

The billionaire Stipa is also the majority shareholder of the 269-room JW Marriott Hotel Caracas, the 207-room Venezuela Marriott Hotel Playa Grande and the 212-room Renaissance La Castellana Caracas. Additionally, he owns the 320-room Ritz-Carlton Aruba.

In the Caribbean, Ritz-Carlton has hotels in the Cayman Islands, Puerto Rico, and St. Thomas in the US Virgin Islands.

In addition to 380 guest rooms and suites, the original plan for the JW Marriott was to feature a gourmet specialty restaurant, a three-meal-a-day restaurant, a lobby bar and lounge and a pool bar & grill, some 1,300 square meters of meeting space, including a ballroom; as well as a 962 square meter spa and fitness center, a kids/teen club, three swimming pools and a 901 square meter casino.

The primary architect for the project is Robert M. Coleman & Partners, whose also designed the Ritz-Carlton New Orleans, the Marriott’s Aruba Surf Club timeshare resort, the recently-opened Renaissance Curaçao Resort & Casino and the Ritz-Carlton Aruba.

By Hayden Boyce, Editor-in-Chief • Thu, Jun 26, 2014 •  Turks & Caicos SUN Newspaper