Jamaica
News - Real Estate - Sales (June 9, 2004)
Jamaicans
overseas interested in Harmony Cove, Greenfield projects
The two major development projects for
Trelawny have been generating interest among overseas investors and Jamaican
residents living abroad.
The proposed $72-billion Harmony Cove colony
resort and the $26-million Greenfield stadium facility were discussed recently
at an Economic Investment and Opportunity Symposium, organised by Friends of
Trelawny (FOTA) at the JFK Raddison Hotel in Queens, New York.
Some 300 participants, including prominent
developers and builders from the US and Canada as well as small investors
looking for opportunities in the island, packed the Radisson ballroom to hear
from a panel of speakers led by Fay Pickersgill, a consultant with the
Development Bank of Jamaica and former director of tourism.
Other presenters included Desmond Leaky who
gave details of the Greenfield project; David Wan, general manager of Victoria
Mutual Wealth Management Limited; Dr Patrick Harris, Member of Parliament for
North Trelawny; and Mayor of Falmouth Fred Bartley.
Pickersgill presented the Harmony Cove project
while Leaky, a former Cabinet minister and MP, gave details about the Greenfield
project.
Harmony Cove is the first development of its
kind to be undertaken in Jamaica, Pickersgill said, adding that Trelawny would
reap residual benefits that ranged from employment to improved infrastructure.
Spanning 560 hectares of prime beachfront
property between Silver Sands and Braco, the upscale colony resort will feature
three major luxury hotels, three boutique resorts, two championship golf
courses, more than 200 exclusive residential homes, and over 1,800 square metres
of retail, dining and entertainment space, a 300-slip marina and private
airport.
Pickersgill said it would be unfortunate if
residents of Trelawny, especially those living abroad, failed to grab the
investment opportunities that the project presented.
Leaky, who heads the Greenfield Lobby Group, said
the site would be developed as a state-of-the-art multi-purpose stadium to host
some of the games for the 2007 World Cup Cricket. Jamaica is bidding for both
Greenfield and Sabina Park in Kingston to host games, but Leaky insisted that
Trelawny was the front-runner.
He said the hilltop stadium, which provided a
sweeping picturesque view of the ocean, offered the ideal backdrop for
television coverage of the event.
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