property & development
NCB Group has started construction on a new luxury development in Crystal Harbour.
Called Cypress Pointe North, the development in the Seven Mile Beach area, between Mitchell’s and Governor’s creeks, will incorporate solar and geothermal energy into each of the 38 homes.
“Cypress Pointe North is one of the most efficient communities ever in the Caribbean,” NCB director Naul Bodden said at a groundbreaking ceremony Thursday.
Located next to the sister development Cypress Pointe South, the new project will include 10 villas, 12 semi-detached homes and two condominium buildings, which together will have eight three-bedroom and eight one-bedroom units. Community amenities include a clubhouse, marina, pool and tennis court.
The project should generate work for some 40-60 people, NCB construction manager Bill Cherry said. Those workers will include NCB employees, as well as subcontractors.
Mr. Cherry said the first phase of construction will consist of one condo building, the villas, the community amenities and the development infrastructure, such as roads and utilities. He said workers started clearing the land 22 July. The estimated completion date for the first phase is November 2014. The entire development will be built over the next three or four years.
Each two-storey villa includes four bedrooms and is about 3,850 square feet. Each semi-detached home has three bedrooms and is about 2,709 square feet.
In addition to Mr. Bodden and fellow NCB shareholders Ian and Matthew Wight, several government representatives participated in Thursday’s groundbreaking ceremony, including ministers Joey Hew, Moses Kirkconnell and Kurt Tibbetts. Also present were representatives from Butterfield Bank, NCB’s financial partner.
NCB’s other residential developments include the Lakes at South Sound and Lakeside Villas off the Esterley Tibbetts Highway.
The residences in Cypress Pointe North will have rooftop solar panels and will use geothermal cooling systems for air-conditioning and to generate hot water.
“As a company, we continue to embrace building techniques and designs that enhance the performance of homes through energy efficient technologies. With almost 350 days of sunlight, it would be remiss of us as builders to not take advantage of solar power,” said NCB managing director Matthew Wight in a news release.
He continued, “Based on the positive response and pre-construction sales we’ve received to date, it solidifies our belief that buyers are looking for homes that are well designed, energy efficient and sustainable, resulting in a substantial reduction in utility costs and a solid long-term investment.”