Jamaica
News - Real Estate - Projects
Source: Jamaica Gleaner, Janet Silvera, March 7, 2007
New housing project for Trelawny -
Amaterra offers Tamarind Ridge scheme
Amaterra Jamaica Limited developer, Keith
Russell, has announced another major project for the parish of Trelawny.
Mr. Russell and his wife, Paula, are currently
putting in infrastructure in the form of roads and pipes in the Duncans,
Trelawny area to accommodate 140 lots for the Tamarind Ridge gated community -
by Silver Sands Jamaica Limited.
The lots, which are sized at 1/4 acres, are
priced at a starting cost of US$80,000.
Overlooking the proposed Amaterra Resort
Township, Tamarind Ridge offers a spectacular view of the ocean, coupled with
the stunning mountain that juts into the sea," boasted Paula Russell.
"Some of the best views on the whole coast are being offered here,"
she added, "And this been reserved for us."
Approximately 30 minutes from the Sangster
International Airport, the development has its own entrance and private beach
club at Duncans Bay for all purchasers. Aside from residential lots, an area has
been reserved specifically for the development of townhouses and apartments,
Mrs. Russell stated.
She said that persons purchasing lots in the
area will be required to comply with building code and architectural review.
"This is important because it protects the value of the homeowners'
investment." The minimum-size building is 2,000 sq. ft., she explained.
Capital appreciation
Her business partner and husband noted that
the projects along the Jamaican coastline were either entry-level housing or
resort development, but what is being offered here is a place for executives and
professionals, and returning residents looking for their dream home.
"Apart from the gracious living, what is to
be found at Tamarind Ridge cannot be found along the coast, a project that has
significant capital appreciation, one not available anywhere else or not even
the bank returns are better," he boasted.
He said that because of the growth that has
resulted in the demand for property in the northern Trelawny area, purchasers
would not regret purchasing.
"The location will give residents fantastic
shopping and a great variety in the Amaterra commercial and town centre across
the road," said the developer, noting that not only is the development
halfway between two major locations - Montego Bay and Ocho Rios - but with the
planned Bushy Park highway, it makes Kingston a hop and a step away.
Russell, who has significant experience as a
developer, has been responsible for the Russell Centre, at River Bay Road, in
Montego Bay, the 500-housing lot in Duncans Hills, and he is also a former
director of Ocean Pines, Montego Freeport.
"In five years the price of the lots in
Duncans Hills has tripled, with the original purchasers doing extremely
well," he noted.
PLEASE CONTACT SANGSTERS
REALTY FOR FURTHER
DETAILS ON THE DEVELOPMENT AND TO MAKE A PURCHASE
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