COFINA bond restructuring deal gets Puerto Rican legislature’s approval

… 2018 3:08 pm
Puerto Rican legislators gave approval Thursday … Puerto Rico‘s bankruptcy, under Title III of the Puerto Rico … local retail bondholders in Puerto Rico to receive a significant … and Management Board for Puerto Rico created by PROMESA.
Natalie …

Powered by WPeMatico

The Cayman Islands Has a Major New Real Estate Project

 

By Alexander Britell

There’s a major new real estate project coming to Grand Cayman: and it’s being dubbed the most luxurious development in the history of the Cayman Islands.

This is the new $500 million WaterMark, a collection of 54 beachfront units set on Grand Cayman’s world-famous Seven Mile Beach.

The new project “will be far beyond any other property ever developed in the Cayman Islands and very likely the Caribbean,” listing broker Kim Lund tells Caribbean Journal, pointing to the combination of “cutting-edge design, ultra-premium quality, prestigious amenities and facilities and privacy.”

cayman islands real estate

Indeed, the residences will range from a minimum of 3,900 square feet — with a starting price of $5.6 million — to 11,900 square feet for a penthouse, with the latter starting at $24 million.

That’s a pricing echelon unmatched for a development of this size in the Caribbean.

WaterMark will have a broad range of amenities, including 12 swimming pools; a spa; a fitness studio; a screening room; a library; an oceanfront conservatory with a chef’s kitchen; a fine-dining restaurant and even bespoke concierge service, among other offerings.

cayman islands real estate

While the residences themselves will be right on the beach, several amenities will extend across Grand Cayman’s West Bay Road, including the spa, the eatery and a collection of guest suites for owners.

It’s yet another sign of the Cayman Islands’ growing position as a luxury real estate Mecca in the Caribbean, from its new Residences at Seafire (set at Kimpton’s first-ever Caribbean hotel) to the recently-launched Grand Hyatt Grand Cayman Residences.

Lund, owner-broker at RE/MAX Cayman Islands, told Caribbean Journal that the project is already at 65 percent sold after three months.

Construction is slated to launch in the spring of 2019.

For more, visit WaterMark.

— CJ

The post The Cayman Islands Has a Major New Real Estate Project appeared first on Caribbean Journal.

Powered by WPeMatico

Southwest Begins New Flights to Mexico, Resumes Caribbean Routes

 

By the Caribbean Journal staff

Southwest Airlines has begun new weekend service between Chicago-Midway and Los Cabos-Cabo San Lucas, the carrier announced this week.

The new flights comes as Southwest has resumed a wave of flights to destinations in both the Caribbean and Mexico for the upcoming season.

southwest flights mexico

Belize continues to see rapid growth.

That includes daily flights from Austin to Cancun; Denver to Puerto Vallarta and from Fort Lauderdale to Belize, Grand Cayman and Turks and Caicos.

Southwest has also resumed weekly seasonal service on Saturdays from Nashville, Columbus and Indianapolis to Cancun.

— CJ

The post Southwest Begins New Flights to Mexico, Resumes Caribbean Routes appeared first on Caribbean Journal.

Powered by WPeMatico

Puerto Rico’s governor outlines to Canadians how they can profit from Hurricane Maria misfortune

… Miami, whose territory includes Puerto Rico, said in her introductory … The Battle for Paradise: Puerto Rico Takes on the Disaster … used by Puerto Ricans and to stay in Puerto Rico.”
This contrasts … in certain sectors in Puerto Rico.”
JunteGente’s Manifesto of …

Powered by WPeMatico

St Kitts-Nevis passports being sold for US$37,500 in the Middle East, says opposition leader

By Caribbean News Now contributor BASSETERRE, St Kitts — At a press conference last week, leader of the opposition, Dr Denzil Douglas, said that, during a recent visit to the Middle East, he discovered that citizenship agents were advertising that St Kitts and Nevis economic citizenship can now be obtained for as little as US$37,500. […]

The post St Kitts-Nevis passports being sold for US$37,500 in the Middle East, says opposition leader appeared first on Caribbean News Now.

Powered by WPeMatico