A Development Opportunity in St. Maarten
The St. Maarten government has approved the 42 acre Pointe Esprit site for a master planned, mixed-use development as outlined below:
- Residential, Duplex Homes - 22 units
- Residential, Cluster Homes - 45 units
- Residential, Single-family Detached Homes - 39 units
- Residential, Custom Executive Villas- 5 units
- Resort/Condominium/Fractional Ownership - 225 units
Office/Retail - 3 level, 30,000 sq. ft. commercial center (SOLD)
Water, electricity, telephone, high speed Internet and CATV are available at on the site.
(For more details, click downloads for "Design Guidelines & Development Standards" and "St. Maarten Document of Government Approval.")
The property is available for sale and can be subdivided. The landowner is currently planning construction of a thematic Caribbean community of 17 single-family homes on Section E of the master land plan.
Click onto Development Opportunities at Pointe Esprit for greater detail.
What You Should Know About St. Maarten Today
St. Maarten is enjoying a renaissance. Tourism is strong again and businesses are booming. Development potential is better than ever because of favorable conditions and trends that were not prevalent a few years ago:
- Residual pessimism from the hurricane siege of the second half of the 90's has dissipated. Damage sustained to the island's infrastructure has been repaired or rebuilt to new, higher standards. Existing properties have been refurbished and exciting new projects have begun.
- The harbor facilities at Great Bay have been expanded and improved for better servicing of the cruise industry, and cruise ship visitation is growing briskly on St. Maarten. Nearly 1.4 million cruise passengers visited St. Maarten in 2004, just missing the all-time record set in 1990 (which we expect will be exceeded in 2005).
- St. Maarten's airport, which is served daily by international airlines and charters, is undergoing a major expansion slated for completion in 2006. This expansion will allow for greater capacity and smoother traffic flow on both the air side and the land side of the airport.
- The local economy is revitalized. With Phase I of the new Philipsburg boardwalk completed (and the planning of Phase II underway) and the reconstruction of Front Street, visitors have more and better opportunities for shopping, dining and nightlife.
- Construction financing and home mortgages are available at attractive interest rates for both local residents and non-resident buyers. This has helped to create a favorable environment for building in both the primary and second-home markets as well as in resort development.
- Middle and upper class residents are experiencing a housing shortage.
- Tourism is booming and there is a shortage of hotel accommodations on the Dutch side, with hoteliers referring customers to properties on the French side of the island and elsewhere.
- Both the island government and the private sector have made substantial infrastructure investments - particularly roadways and utility systems - that appear to giving St. Maarten an edge when competing for outside investment capital.
In summary, the economic conditions on St. Maarten are conducive for major resort and residential development. With Pointe Esprit's ideal location and government approvals, a unique island community can be created with components that will attract full time residents, second home buyers and vacationing tourists. Local real estate brokers are bullish on sales potential because the build-out of this project can be accomplished while so many favorable conditions prevail.
Please go on to Immediate Homeowner Opportunities
