Signaling further growth for the Turks and Caicos Islands, it was announced today, Sept. 5, DECCO Ltd., a Cayman based company, has entered into a strategic partnership with The Hartling Group to commence construction on the luxury condo resort project The Shore Club on Providenciales.
“The Shore Club will be one of the first major projects to commence in the Turks and Caicos since 2009 and would seem to be a reflection of the bolstered investor confidence in the country,” said the Premier of the Turks and Caicos Islands, Dr. Rufus Ewing, speaking at a joint press conference.
DECCO Ltd., a privately owned construction management and services company, is part of the Dart Enterprises organization and will provide construction management services for the first phase of the Shore Club project expected to commence in late fall.
The first phase of the nine-acre Shore Club development on Long Bay Beach includes 38 luxury condos and associated amenities. “When complete The Shore Club will bring to market in excess of $100 million Dollars of ocean front real estate,” said Premier Dr. Ewing.
The Hartling Group has sold approximately 60% of Phase One which offers condominiums ranging in price from US $1.3 million to $4.5 million, private villas starting at US $5.4 million, as well as a fully appointed resort with spa, restaurants and other recreational facilities. “This will be a big boost to our economy,” added the Premier, “and we look forward to this investment and employment opportunity in the Turks and Caicos Islands.”
Stan Hartling, CEO and founder of the Hartling Group, said he was proud to be the first beacon of new light that is signaling the prosperity and growth the people of Turks and Caicos Islands deserve. While the project will bring jobs and money to the local economy, the announcement represents a new belief by a major investment group that is respected world-wide. “To have DECCO’s confidence, not only in the Shore Club, but also in this country….this is a major statement for us in TCI,” said Hartling.
Several members of the Turks and Caicos government were in attendance to mark the occasion and Hartling recognized their support for the project. “I am pleased to say once again government is here to help investment grow. It has been a while coming for us to feel that way, and I think we are on a great road now.”
Minister of Finance, Investment and Trade, the Honorable Washington Misick said after taking office in November 2012 he saw that The Shore Club would be one of the very first projects the government could help get started and he put a lot of effort into making that happen. Hon. Misick said the government was fully behind the project and offered the assistance of the Investment Unit for any further needs the project may require throughout its development cycle.
Recognizing the tremendous involvement of Dart in private sector development in the Cayman Islands, the Honorable Minister welcomed the group to the island. “I hope this is the beginning of many collaborative efforts the group will take on in Turks and Caicos,” he said.
Hartling and DECCO Ltd. representative, Jonathan Winson, also met with His Excellency the Governor Ric Todd to share the good news. “We are very pleased to welcome serious investors,’ the Governor told Hartling and Winson. The Governor shared his optimism for the current economic situation in the Turks and Caicos in terms of growth and said the fiscal position is solid. “We hope you have a lot of success here on Turks and Caicos Islands.”