Christophe Harbour committed to sustainable development
By VonDez Phipps
Reporter-SKNVibes.com
 |
| Buddy Darby, CEO Kiawah Development Partners |
BASSETERRE, St. Kitts – KIAWAH Development partners, the master company that owns Christophe Harbour has committed itself to quality investment expected to benefit the island in the near future.
During a November 12 press conference, Chief Executive Officer Buddy Darby gave an overview of the project’s progress and reinforced the company’s dedication to enhancing the country’s tourism product. He explained that as part of the first phase of the development project, 35 residential lots at Sandy Bay have already been sold and the construction of the Tom Fazio golf course began last week.
Darby informed that the company is still in the planning stage with the Mandarin Oriental, finalizing the architectural drawings. He informed that the first phase of the Founders’ Programme started last Friday (Nov. 14) and noted that the development company is organizing utilities including reverse osmosis for irrigation, water supply and electricity.
“Our company here has spent in excess of US $14 million in the local economy with local businesses and this is to do with everything imaginable to deal with business; from purchasing vehicles to buying insurance, to cleaning services and legal and advertising services. This is just preparing the groundwork; this is just the beginning and the investment so far is very significant.
“The money that we will be spending will have a great magnifying effect throughout the economy. An example is that this project is to build over time 1400 homes on the peninsular and this is excluding hotel development and amenity development. Over a 15 to 20-year lifespan of home building going on at the peninsula, just the project cost for constructing those homes would exceed US$2B.” ~~Adz:Right~~
Darby indicated that the Kiawah Development Partners has had amazing reception given the state of the economic times and mentioned that selling 35 lots, valued over US $33 million is unprecedented at this point. He added that many tourists remain confident in their investment into the island and believe that St. Kitts is one of the top emerging places to buy real estate.
“Although the development project is a closed community, there would be access to the beaches and the marina village. Homeowners are going to be concerned about crime and noise, but the company will be monitoring the area to ensure that the community remains safe and comfortable.”
