Turks and Caicos Resorts Nov/18 Update


To our future Rock House owners,

We are pleased to provide you with our latest update on the highly anticipated Rock House Turks and Caicos. The project continues to gain momentum, with 19 contracts exchanged out of 37 residences available, resulting in a 68% commitment for our units in the initial Oceanfront Cottage and Ridge Cottage release (Phase 1).

We are also excited to announce the release of our Phase 2 units in the project, our Hilltop Condos. We have attached a series of inspiring renderings that describe these compelling new designs. The concept provides for the creation of three (3) new buildings of three units each, over two floors. Each unit is a two-bedroom, two-bathroom with lockout capabilities and an expansive balcony with breathtaking views over the Rock House coastline. Measuring approx. 1,500 sq. feet with larger units of 1,900 sq. feet, the units are priced at $1.195m - $1.475m. Buyers will receive separate title to the one-bedroom and studio components of the two-bedroom, and can also opt to purchase a one-bedroom independently from the outset with a price-point of $695,000. Please inquire with our Turks & Caicos Sotheby’s International Realty team for more details.


What’s more is the introduction of our unique “quarry pool” in this Phase 2 location, a new feature that all owners will enjoy, and which will create a further identifier for this iconic resort property. As always, our goal is to introduce new and exciting concepts that will further elevate this project to a leading position in the Turks and Caicos and the Caribbean region. We are thrilled to see it all take shape.

Since our last update, our team of designers and consultants have been progressing actively through our local approval process. We have recently submitted our detailed planning application and are completing our Environmental Impact Assessment. These applications will also include those needed to secure our building permits for the creation of the Beach Club, its jetty and the beach extension. At present, provided we receive the above approvals in a timely manner, our goal remains to commence construction on the Phase 1 units in early 2019.

Finally, we have just received approval for an exclusive Rock House buyer’s financing program from our longtime partner, Scotiabank. For those wishing to finance part of your purchase, this is a unique opportunity that other pre-construction projects do not offer. The final details of this buyer financing are still being worked out and we will keep you updated on this.

As always, for those of you who are already a part of this amazing journey, we thank you for your support and for those considering Rock House, we hope you will decide to become a part of what will become a truly special place in the Turks and Caicos.

Sincerely,

Mark Durliat

CEO & Developer, Grace Bay Resorts