Grace Bay Resorts Marks the Groundbreaking of The Point in the Turks and Caicos Islands

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 Graceโ€™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 islandโ€™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 Resortsโ€™ 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, โ€œThis new partnership and Republic Bankโ€™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.โ€

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 foundationโ€”both financially and structurallyโ€”weโ€™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 agoโ€”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 Dรฉcor awards, The Point promises to be a stunning addition to the islandโ€™s luxury real estate. The project is being marketed by Turks & Caicos Sothebyโ€™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 kidsโ€™ 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

The 2025 Luxury Outlook Report by Sotheby’s International Realty delves into the pivotal, forward-looking issues shaping luxury residential property markets around the world.

As the luxury real estate market approaches its next cycle, the Sotheby’s International Realtyยฎ brandโ€™s 2025 Luxury OutlookSM report is essential reading for buyers, sellers and investors seeking market insights. Explore how the US$84 trillion intergenerational wealth transfer could reshape investment dynamics, while anticipated price normalization in 2025 may present strategic entry points in key markets. Discover projected relocations of 135,000 high-net-worth individuals in 2025 and how “Best Place to Live” rankings impact property values from Vienna, Austria to Naples, Florida. 

In The Turks and Caicos Islands, since the pivotal year of 2020, our real estate market has more than doubled over the prior pre-Covid period noting that from 2017-2020, the market averaged circa $282M in total sales volume compared to the following four-year period 2021-2024 which has averaged an astounding $710M, a 151% increase!

Recent Market Movers Significant sales included:

Recent Market Movers Significant sales included: The Residence Parrot Cay $30M, Blondel Cove $16.95M, Peninsula Estate Beach House $17.2M, The Strand Grand Residences $11.4, The Loren Villa 2 $9.8M, Beach Enclave Long Bay Villa 9 $7.75M and Windhaven Beach Villas $8.275M

Link to our custom report 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

Turks and Caicos Real Estate – Year In Review 2024 YTD Comparison

Real Estate Market Re-sets at Over Double Sales Volume Since 2020


Since the pivotal year of 2020, our real estate market has more than doubled over the prior pre-Covid period noting that from 2017โ€“2020, the market averaged circa $282M in total sales volume compared to the following four-year period 2021-2024 which has averaged an astounding $710M, a 151% increase! Further to this, the average price point during the same four-year period increased dramatically from circa $824,000 to $1,442,000, a growth of 75%. This spectacular progression in $ volume and average price illuminates Turks and Caicos position as a true luxury destination where quality luxury property and worldly luxury buyers have found a happy place.ย 

Also of interest, over the past four years, led by great new development such as South Bank, The Strand, Beach Enclave North Shore Phase 2, Rock House, The Villas at Blue Mountain and The Summit โ€“ along with select significant sales, Single Family Homes have excelled, averaging $360M in $ volume vs. an average of $178M for condominiums which ultimately accounted for 67% of residential sales. Average price in the two sectors follows suit, with SFH average price of $2,592,000 trumping condominium averages of $1,357,000.

ย However, while Single Family homes have ruled the day over these past four years, next gen condominium projects are now being heard from. With $363M in Pending (Under Contract) transactions, the preconstruction condominiums โ€“ led by The Point by Grace Bay Resorts, ARC Sky Villas at South Bank, Andaz Turks & Caicos by Hyatt, The St. Regis Residences and The Loren at Turtle Cove account for $240M of the $363M in residential sales (66%) โ€“ a complete reversal in market penetration! This next gen condominium boom can be readily seen from air and sea and road, whereas the major villa developments were more discreetly tucked away. With other amazing projects in the pipeline, our purchasers will have the best selection of inventory to choose from in the Caribbean!ย ย 

Significant Sales over $10M have shown steady growth, while the $20M+ market has expanded significantly since its first milestone sale on Parrot Cay in 2016. The luxury threshold continues to rise, with $30M+ transactions now occurring annually since 2023, establishing a new benchmark in the ultra-luxury segment. This pattern demonstrates the market’s sustained strength and evolution in the high-end property sector. With existing and in development significant estates now proliferating, it wonโ€™t be long until we see $50+ sales in our market, with $100M likely within the decade. Significant listings and sales of course make news, which is great for our jurisdiction as a luxury destination.ย 

As we look toward 2025, the growth and success of the luxury real estate market are poised to continue, securing the Turks and Caicos a top destination for investors and homeowners alike.ย 

Digital Flip-Book Link Here

Click on the Cover Photo below for the full report on Digital Flip-Book.
For a PDF version, click on the download button within the Flip-Book.

Find Turks & Caicos Sothebyโ€™s International Realty past Market Reports link 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 strong team of agents, 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, Point Grace and South Bank.

For more information please visit www.turksandcaicossir.com.

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

The Launch of M-House by Beach Enclave

M-House by Beach Enclave features nine spectacular homes on the beautiful North Shore

The evening was alive with smiles and anticipation as Beach Enclave unveiled its newest undertaking in the Turks and Caicos Islands, M-House by Beach Enclave is a masterpiece that represents the pinnacle of luxury. This development harmoniously blends the timeless elegance of the Mediterranean with contemporary grace, showcasing a design that is as bold as it is sophisticated.

At the heart of this prestigious project are nine impeccably crafted villas, ranging from three to six bedrooms. Each villa is the brainchild of renowned designer Rolf Blakstad and his Ibiza-based firm, Blakstad Architects and Design Consultants. These homes pay homage to the spirit of Ibiza and the Mediterranean lifestyle, seamlessly brought to life against Providencialesโ€™ pristine white sands and turquoise seas.

The Vision Behind M-House

Expertly designed by Blakstad Architects, M-House embodies tranquility and sophistication through its inviting textures and meticulously crafted details. The development features a Beach Club, four exquisite beachfront residences, and five elevated homes that offer breathtaking panoramic ocean vistas.

The architecture of M-House masterfully combines the iconic forms of Blakstadโ€™s Ibiza style with cutting-edge design, premium materials, and state-of-the-art technology. This fusion creates homes that resonate with soul and character, delivering an ambiance that is both luxurious and welcoming. Inspired by the siteโ€™s unique topography, the designs effortlessly unite indoor and outdoor spaces, offering uninterrupted views of the ocean and surrounding natural beauty.

Every element at M-House is a testament to thoughtful design. From meticulously crafted finishes and furnishings to the seamless integration of the stunning ocean and limestone backdrops, these homes set a new standard for elegance in the Turks and Caicos Islands. The result is a living experience that is as seamless as it is unforgettable.

Gratitude and Commitment

During the unveiling, Joe Zahm, President of Turks & Caicos Sothebyโ€™s International Realty, expressed profound gratitude to Beach Enclave for their unwavering dedication to luxury and their ability to transform every development they undertake into something truly remarkable. Joe’s words echoed the sentiments of all in attendance, who marveled at the beauty and promise of this latest project.

In response, Developer Vasco Borges reiterated his commitment to preserving this beautiful section of Blue Mountain in Providenciales. He thanked his partner, Vikram John, Vice President Of Development and Asset Management at Beach Enclave, for being a “doer” from the very begining. Vasco also emphasized Beach Enclaveโ€™s dedication to maintaining a โ€œbarefoot luxuryโ€ ethos, ensuring that the development remains harmonious with its natural surroundings.

The celebration continued into the evening, filled with amicable pleasantries and a shared excitement for the future. Overlooking the breathtaking North Shore backdrop, guests toasted to the success of M-House by Beach Enclave and the vision it represents for luxury living in the Turks and Caicos Islands.

As the night drew to a close, it was clear that M-House is more than just a development; it is a promise of an extraordinary lifestyle that blends the best of Mediterranean elegance and Caribbean beauty. We eagerly look forward to seeing this vision come to life and the incredible experiences it will offer to those fortunate enough to call it home.

Please find all active listings here

Please find the brochure here

Please find the video 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 and Caicos Real Estate – 3rd Quarter 2024 YTD Comparison

Luxury Tourism and Real Estate Growth Synergy


Turks and Caicos is riding a wave of incredible tourism growth this year, with the first five months already setting the tone for a record-breaking year.

Visitors from the U.S., Canada and other parts of the world are flocking to the islands, driving a 10.85% increase in air arrivals, from January to May of 2023. This trend shows no sign of slowing down. Turks and Caicos has even become the top-searched destination for U.S. couples and families on Google Flights. This success is credited to the efforts of our luxury marketers and loyal visitors.

Real estate in Turks and Caicos continues to thrive in tandem with the booming tourism sector, with the top three Single Family Homes generating nearly $50 million in total sales and the top three land transactions reaching $19 million. This quarter, the spotlight was on the land category, which saw the closing of some exceptional parcels, notably, a 20-acres parcel on North West Point closing at $7.5M. These high-profile deals reinforce the islands’ reputation as a premier luxury destination, showcasing immense growth potential and a growing investment appetite for properties in the outer islands.

The islands are truly on the rise, in more ways than one!

Digital Flip-Book Link Here

Click on the Cover Photo below for the full report on Digital Flip-Book.
For a PDF version, click on the download button within the Flip-Book.

Find Turks & Caicos Sothebyโ€™s International Realty past Market Reports link 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 Sotheby’s International Realty, Venture House, Grace Bay Road, Providenciales | info@tcsothebysrealty.com | 1.649.946.4474

SOUTHBANK Prepares for Resort Opening as Boathouse Construction Reaches Completion

Door to Shore

If youโ€™re looking to live in a village-like community next to neighbors with shared passions, one of the Boathouses at South Bank could be a perfect choice. Cleverly designed to maximize the use of space and light, each imbues a warm contemporary aesthetic. The Boathouses are conveniently located on the marina waterfront, each with its own private dock, keeping your boat close at hand for when the ocean calls. In groups of no more than 10 houses, the Boathouses offer the perfect balance of community, views and space.

A central Boathouse area includes a pool equally suited for sun worshippers and keen swimmers. Spacious areas with loungers, hammocks, BBQs, changing rooms and bathrooms provide the ideal environment for enjoying South Bank with friends and family.

On the market:

4 Boathouses are on the market

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.

A Remarkable Referral for Turks & Caicos Sotheby’s International Realty

This summer, Nina Siegenthaler of Turks & Caicos Sothebyโ€™s International Realty referred a buyer to Frรฉdรฉric Barth of Cรดte dโ€™Azur Sothebyโ€™s International Realty, culminating in the extraordinary $25 million sale of Chรขteau Lรฉrins in Mougins, France. This former monastery stands as a rare example of a residential project in France by the renowned British architect, Sir Edwin Lutyens, boasting a large swimming pool, a pool house, a tennis court, a pรฉtanque court, and ancient olive trees believed to be over 1,000 years old.

This is the power of the Sotheby’s International Realty network.

Overlooking the bay of Cannes and the Esterel, in the heart of a secure estate betweenย Mouginsย and Cannes, just a few kilometers from the beaches, this magnificent Master’s residence is nestled in the heart of 19 hectares of forest (classified wooded area), olive trees,ย vegetable garden, and numerous Mediterranean species. 5 hectares of fully landscaped and enclosed land surround the property, providing perfect privacy.

The approximately 1,400 mยฒ chateau is a former monastery built by the monks of the Lรฉrins Islands and was transformed into an aristocratic residence of the French Riviera by Sir Edwin Lutyens in 1912. It was only after the First World War that the chateau was acquired by Baron Wolverton and became his holiday home for several decades.

In the 1980s and 1990s, many movie stars and celebritiesย stayed there. Recently, the chateau has beenย completely renovatedย and restored with high-quality noble materials and now benefits from the latest technologies and unparalleled comfort.

A 21x6m swimming pool, a sumptuous fully equippedย pool house with a 90mยฒ summer lounge, a clayย tennis court, a 130mยฒย golfย practice area with putting and chipping green, a spa, a gym, as well as a petanque court, a guardian’s house of approximately 170mยฒ, and a barn to be restored (potential area of approximately 350mยฒ) complete its many advantages.

Find more information about this historic property here.

Villas At Blue Mountain Ground-Breakingย on the 4th of October 2024, Turks & Caicos Islands

Turks & Caicos Sothebyโ€™s International Realty and Villas At Blue Mountain are excited to announce the ground-breaking ceremony, scheduled for Friday, October 4th, 2024, marking an exciting milestone for this luxurious community.

Nestled in the heart of Blue Mountain, these elegantly designed homes offer breathtaking views of Providenciales’ North Shore and embody beachside living at its finest. With spacious indoor and outdoor living areas, the villas range from three to seven bedrooms, providing luxury, privacy, and all the modern amenities for a relaxed yet sophisticated lifestyle.

If you’d like to attend please contact us here.

View the remaining oceanfront listings here.

Book a tour 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 visitย http://www.turksandcaicossir.com.

A Heartfelt Thank You to Our Partners and Agents for a Successful Back-to-School Event in Providenciales, Turks & Caicos Islands

We want to extend a heartfelt thank you to our partners at Turks & Caicos Sotheby’s International Realty for sponsoring this yearโ€™s Back-to-School event, and to all of the agents who volunteered and dedicated their time and effort to ensure its success. This event was truly a community effort, and we couldnโ€™t have done it without your support.

We were able to distribute nearly 330 backpacks to local students throughout the primary and secondary schools including Enid Capron Primary School, Ianthe Pratt Primary School, Oseta Jolly Primary School, and Elite High School.

We look forward to the host a Back-to-School event each school term.


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.

Sailrock South Caicos Public Notice

Sailrock South Caicos is a meticulously designed, low density and ocean focused master-planned development. This multi-phased project consists of well over 2,000 acres, the majority of which were previously owned by Caicos Company Limited and prior to that the salt company of South Caicos. Most of the Sailrock properties were acquired starting in 2006, with the master plan being created in 2006/2007. That master plan and the subsequent development agreement entered into between Sailrock and TCIG in 2008 and 2013 are the basis for the Sailrock project. Numerous phases over many years are envisioned through the master plan and development agreement.
Sailrock has endured a protracted and, at some points, circuitous process which has gone through seven governmental administrations with considerable engagement and extensive interaction with relevant TCIG Departments. Without the master plan, the development agreement and the accompanying commitments from TCIG, Sailrock would not have committed to nor would it have proceeded with the development of the Sailrock community. Sailrock has and continues to rely upon representations made by TCIG and its various departments throughout this process.

The master plan and development agreement are the only reason that there is currently active development on South Caicos. Our monetary investment, which is multiples greater than any other investor in South Caicos, has provided for extensive infrastructure work to take place including roads, underground utilities, water plants, villa and resort development as well as beach enhancements and lagoon creation. This investment is critical to the success of the island as a destination. South Caicos is a windward island and protected beaches and active areas are paramount to the success of this destination. Our competitors are clearly aware of this, as their guests visit the western beaches regularly.

The people of South Caicos have waited far too long for real and substantive development to take place. For decades they have waited for the previous Highpoint and East Bay projects to come to fruition. Those projects faltered while Sailrock has steadily executed on a master plan and opened a world class resort which has won significant accolades year-over-year. These include Small Luxury Hotels of the World prestigious Resort of the Year, Conde Nast Johansenโ€™s Award for Excellent for Best Service (4 years running) and the World Travel Awards Leading Luxury Island Resort.

Sailrock has been actively engaged within the South Caicos community for nearly 20 years, during which time we have worked to ensure that our endeavors benefit and provide numerous opportunities to South Caicos as a whole. Sailrockโ€™s commitment to the well-being of South Caicos has seen the community benefit from numerous job and outreach programs. Educational programs and events including Easter & Christmas parties for the students, reading programs, laptop computer donations, back-to-school backpacks and graduate’s gifts. Professional development programs include job opportunities for the local community. Cultural engagements such as funding and/or assisting with publishing books relating to South Caicos, rebuilding the historic downtown walls and planting of trees along airport road. Disaster relief was provided by Sailrock following Hurricane Ike in 2008 and then again in 2017 following Hurricanes Irma & Maria. This provided roofing materials for repairing local homes/businesses, generators, fuel, equipment and supplies to help get the community back on its feet. In 2017, the South Caicos Heritage Foundation was created as a dedicated organization to carry out these initiatives. Between Sailrock and the South Caicos Heritage Foundation, well over $2,000,000 has been donated towards island improvements, charitable giving, educational causes and hurricane relief and repair. Multiple millions of dollars have been paid for direct labor to Turks Islanders in relation to the various construction and development components as well as resort operations. Over $25,000,000 has been paid directly to TCIG since the Sailrock project inception through tax, fees and payments. These efforts and initiatives demonstrate the level of commitment Sailrock maintains to the Turks and Caicos Islands and specifically the South Caicos community.

Salterra has recently entered the scene, working to convert East Bay Resort into a Provo-esque branded development in secluded South Caicos. Within days of meeting with Salterraโ€™s owner for the first time, we were blindsided by false information put into the Community of South Caicos. At our meeting Salterra made it clear that they did not want to see parts of our land developed as they would like them to remain natural to use as an amenity for their guests. Soon after the meeting Salterra went as far as to create banners, which they made to look like official TCIG documents, opposing our projects and posted them throughout the town. Salterra, their political operatives and not-for-profit partners in this process have repeatedly and inaccurately circulated planning approval numbers and associated them with phases of development to which they know they do not apply. They are using these tactics of misinformation to incite confusion and fear, and we ask โ€œwhyโ€? South Caicos, after waiting for such a lengthy period of time for active projects, certainly deserves better. Although we believe the Salterra project is grossly out of place in South Caicos, we want to see them succeed. This will only happen if Salterra is willing to engage in healthy collaboration and honest communication with Sailrock and the local community. Spreading false narratives to sway public opinion in order to use Sailrock property as an amenity for their guests is just simply wrong.

Sailrock is a large and long-term project, and has been working with TCIG through various approvals for years. The approval for the lagoon and enhancements are covered under an existing building permit. In January of this year representatives from Sailrock, Planning and DECR met regarding the Sailrock projects. At that time it was determined by TCIG that works could continue but that an updated mineral license may be required. More research was required by TCIG as the license application had previously been provided and the approval granted. Sailrock was recently informed that DECR has now requested that certain specific works be put on hold pending process resolution.
After investing tens-of-millions of dollars in a new South Caicos International Airport, TCIG recently announced that American Airlines will begin direct flights to South Caicos in early 2025 โ€“ this is great news and a huge benefit to the community of South Caicos. However, without Sailrock Resort, Sailrock Private Villas, and the comprehensive plans for real estate and hospitality growth within the Sailrock community, bringing long term direct international flights will not be sustainable. Salterraโ€™s 100-room resort simply does not have the scale on its own to justify long term direct international flights. Future low-density development on South Caicos will be necessary in order to continue to move the destination forward.

We appreciate and respect the role of Planning, DECR, the Reef Fund and SFS plays in the protection of the natural environment. We are not here to detract from that in any way. It is our continued intent to work with all parties ensuring proposed projects are being accomplished in a manner that minimizes impact and works toward a symbiotic role of the parties. A proper balance can be achieved to create a hospitality-based economy while still preserving the environment. One does not need to take the place of the other but rather can work in unison to minimize impact while providing needed development for economic growth. We look forward to working with all relevant parties to achieve this goal.

Sailrock acknowledges that we need to do a better job keeping residents up to speed on various project progress and components. Over such a lengthy development period it is easy for confusion to set in through the process. As the project continues through the normal channels, we trust that the process will not be hijacked for political purposes, fund raising efforts or competitors desires to curb our development plans in order to use our property as free amenities for their business interests. There will always be varying points of view and we acknowledge that we cannot make everyone happy thru this process, however, we will endeavor to do our best to overcome issues that may arise. We look forward to working with the South Caicos Community to ensure that their voice is clearly heard, their comments and concerns are addressed and that we work together to make South Caicos the best it can be.