~ Penthouse unit development being touted ~
MULLET BAY--Island Real Estate issued an e-newsletter on Friday touting the redevelopment of a section of Mullet Bay into luxury penthouse units. Ten units are up for construction on the site along the beach where the building known as "Building 90" once stood.
The news does not signal the start of any major development of the entire Mullet Bay property, just of the particular site which belonged to owners who had declined a settlement with SunResorts a few years ago. The demolition order for "building 90" was signed by former Minister of Infrastructure Theo Heyliger.
The ten owners are still finalizing plans for the building that will house two 3-bedroom units per floor. Island Real Estate, headed by Arun Jagtiani, represents only one of these owners and is selling the interest of this unit to potential buyers. Once sold, the buyer will still be responsible for construction costs etc. Pre-construction going price is US $1,595,000.
"We are proud to officially introduce the opportunity of a lifetime to be one of only ten people who will own a luxury penthouse at the much anticipated re-development of Mullet bay Beach," Jagtiani said.
The opportunity is exclusively listed with Island Real Estate.
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