St Kitts Breaks Ground on New Marina

2010-01-24 19:41:45 by

The construction of Christophe Harbour's mega-yacht marina is officially underway, highlighting the latest step in the development of the luxury tourist resort and residences on the southeast peninsula of St. Kitts.

Prime Minister Denzil Douglas made the "first dig" and then addressed the guests, "This project is a perfect demonstration of the development model that my Government has promoted, which is based upon a careful mix of foreign direct investment and local entrepreneurial vision. On one hand, we have Christophe Harbour ? a foreign-owned luxury resort development, combined with the input of local contractors and sub-contractors, which will yield unquestioned benefits to all local businesses, workers and families involved. It is this model that has the greatest potential to inject capital into our economy while generating local entrepreneurial activity and jobs for those directly and indirectly employed by this project.?

St Kitts Marine Works, a local St Kitts company, has been contracted to implement phase one of the marina development project, which includes excavation of the mega-yacht basin in the 32-acre ?Little? Salt Pond and the creation of 42 new harbor front villa lots in the ?Greater Salt Pond.? The lots will be created from the excavation, the first nine of which are scheduled to be available for sale this April. The channel from the harbor to Ballast Bay in the nearby Caribbean Sea will be opened upon the completion of this phase of the marina construction, which will bring the harbor to the 20-foot depth needed to accommodate mega-yachts.

Upon its completion in about 14 months, the marina will be the centerpiece of the Christophe Harbour development, offering mega-yacht berths, provisioning and services, and a commercial marina village with restaurants and shops. Twelve mega-yacht slips have been released for pre-sale and reservations have been taken on seven slips to date, ranging from 100-200 feet in length. Real estate investment opportunities are also currently available, with private residence sites and some one-bedroom beach or hillside bungalows.

Work continues on other components of the Christophe Harbour development, including the Tom Fazio designed 18-hole championship golf course. Christophe Harbour is already operating The 5 Star ?Beach House? restaurant at Turtle Beach, an earlier phase of the development which opened in 2008.

The Christophe Harbour development is approved for St Kitts? Economic Citizenship Program, in which persons who make a minimum real estate investment of US$350,000 in an approved project on island are entitled to apply for Citizenship in the Federation.

For more information, read CaribbeanNetNews. Contact our Coldwell Banker office for details on the real estate opportunities.