Porto Cupecoy holds steady
in slowing real estate market
CUPECOY–Elements of a Mediterranean village are steadily taking shape as Porto Cupecoy and Cupecoy Yacht Club, an Orient Express Hotels, Trains & Cruises property, enters its final months of construction. Just over fifty per cent of the 184 apartments have been sold to a mainly North American clientele.
Promotion for the residential cum commercial project, scheduled for completion in late summer, was stepped up locally with a “hard hat” tour of the site and model apartments preview Thursday afternoon for real estate agents, members of the business community and potential buyers.
The model one- and two-bedroom apartments combine European elegance with Caribbean colours. Marc-Michaels Interior Design Inc. created the village apartments’ modern yet laid back setting. Interior Design magazine ranked the company number one on its 100 Design Giants in Residential Design. Apartments in the village cost from about US $650,000 to $2.6 million.
The village will offer amenities for its residents, the area and the island in general. Places accessible from Simpson Bay Lagoon can be reached by water taxi/limo, a method to circumvent the road traffic.
“We have everything here for the beautiful life,” Project Director Bernard Sarme said. Potential buyers were told the village was a place not only to live, but to invest in.
“I own apartments here and I want to tell you I will not only be living here, I will also be making money here,” said Sarme, who also manages Orient Express’ other holding here, La Samanna.
Commissioner Sarah Wescot-Williams said government shared the belief that Cupecoy had a lot of potential. The area continues to inspire investor confidence at a time when the global economy is in crisis. “The island can use a project like this that also offers business opportunities that residents can look into,” she said.
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