
Cable Bay Hotel Development Company and Newfound NV, the award-winning
international developer of luxury resorts, announced that keys were handed over
to the owners of the first apartments at Ocean’s Edge Resort (www.
oceansedgestkitts.com) located in North Frigate Bay on the Caribbean island of
St. Kitts on July 24, 2008. The first Hillside apartment building includes two
luxuriously finished and furnished two-bedroom apartments with private plunge
pool with spectacular views across the Atlantic Ocean. Over the course of the next
several months a further 14 apartments are scheduled for completion.
“Returning to the island for the handing over of our unit, we were extremely
impressed by the quality of the materials and finishes employed. The granite and
marble are beautiful, and quality details abound, including the barely audible air
conditioning, the top of the line appliances and electronics, and the gorgeous --
and functional -- ceiling fans,” remarked Dr. Charles & Judith Stoopack, owners at
Ocean’s Edge. “We look forward to the completion of this luxury resort, and are
glad that we chose to be a part of Ocean's Edge.” Sales of the units at Ocean’s
Edge are progressing well with the first release of one-bedroom beach front
apartments completely sold out. In order to meet the increasing demand, a
further eight one-bedroom beachfront apartments were released in June. Prices
for these units make purchasers eligible for St. Kitts’ Citizenship by Investment
Programme which requires a minimum investment of US$350,000.
“We are very excited about handing over the first units at Ocean’s Edge and
reaching this next phase in the development. In fact, reservations for a number of
recently released units have already been made.” said Justin Ladha, VP of
Operations for Newfound NV. “With phase one almost sold out, this continues to
show how popular the Federation is as a vacation home destination and we are
very proud to be one of the first resorts of this kind on St. Kitts." Ocean’s Edge is
a resort development in St. Kitts overlooking Frigate Bay that combines luxury
outdoor and indoor living. The development covers 40 acres and comprises 170
condominiums including one- and two-bedroom beachfront apartments, two-
bedroom hillside apartments with individual plunge pools and two-bedroom semi-
detached garden cottages. In addition, 23 villa plots offering some of the finest
views on the island are available with the option of building a three or four-
bedroom villa. The first phase of construction on the initial sixteen hillside
apartments is near completion with construction of the villas in progress and
beachfront apartments commencing shortly. A variety of leisure and entertainment
facilities are planned, including a clubhouse, fitness centre, restaurants, pools and
tennis courts. The resort is designed by OBM International, one of the Caribbean’
s leading architectural consultancies. Ocean’s Edge is owned by Cable Bay Hotel
Development Company Limited, a consortium of stakeholders comprised of
Newfound NV and locally based partners TDC Ltd., Mansha Ltd. and SKNA
National Bank Ltd.
Ocean’s Edge Resort is located within ten minutes of the R L Bradshaw
International Airport and is adjacent to the Royal St. Kitts Golf Club – one of a
few golf courses in the Caribbean with views over both the Atlantic Ocean and
the Caribbean Sea. St Kitts welcomes guests on non-stop flights from New York
(JFK), Miami FL, Atlanta GA, Charlotte NC and San Juan PR; daily arrivals from
other Caribbean islands; weekly flights from the UK and seasonal service from
Canada.
Newfound Hands Over First Apartments at St. Kitts Property
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