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| British Virgin Islands strengthens tourism ties with P. R. |
The British Virgin Islands continues to build on already
strong ties with the Puerto Rico community, which
maintains the spot as the second largest market for the
BVI preceded only by the U.S.market.
And developments are underway to keep the neighbor island
destination “ahead of the curve in the rapidly changing tourism
landscape, a BVI government head official said Wednesday.
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| Mainsail Devl Group sales for BVI project exceed 75% in only 9 months! |
In development on the unspoiled 230-acre tropical paradise of Scrub Island in the British Virgin Islands (BVI), Mainsail Resort Spa & Marina has sold more than 75 percent of its island resort inventory. Mainsail’s 59 suites, villas and residences have only been available for purchase since March of 2005, and, with sales ahead of schedule, are expected to be sold out by June 2006. The first development major development in BVI in more than 20 years, Mainsail broke ground in October and anticipates completion of the entire project in the fall of 2007.
Mainsail Development Group, Inc., in conjunction with Scrub Island Development Group, is developing the $100 million Mainsail project. A unique and exclusive vacation investment opportunity, the island development will include a boutique hotel, world-class spa, 60-slip marina, and luxurious residences and estates. Ocean View Villas and Long View Residences are still available for purchase, but the island’s Marina Village Suites are sold out.
Priced at $2.2 million, the fully-furnished Ocean View Villas feature two master suites, each with a large bath and separate sitting area, all within a well-designed 1,950 square feet of space. The Villas will bring the outdoors in, with an additional 1,200-square-foot terrace with private plunge pools and sweeping views of Great Camenoe Island. The Long View Residences range in price from $2.9 to $3.9 million and are available in three- to five-bedroom are three-five bedroom designs with approximately 4,500 to 6,000 square feet of living space. These luxurious, multi-level homes will feature a large bedroom on the first level, which opens onto a covered terrace, separate dressing area and bath. The main level includes a large kitchen with eat-in bar, separate dining room and a large living room that opens onto a paved terrace with an infinity-edge pool. The master suite includes a large bath and separate sitting area and opens onto a private outdoor terrace.
Each villa, suite, and residence will be a wholly- and privately-owned asset. Unlike timeshare or fractional ownership arrangements, owners who choose to have their property maintained and rented by the professional resort management team will receive a share of rental revenues from all the units. Owners who choose to participate in the rental program will also receive two months use of their unit each year. Apart from the main resort development, 54 private estate lots are also available for purchase on the island.
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| Mainsail Devl Group purchases exclusive home in historic Hyde Park area of Tampa, FL |
| The only true "Frank Lloyd Wright" designed home in Tampa has a new owner- Mainsail Development Group. MDG which is based in Tampa, purchased The Leiman House, a 5000 sq ft landmark in Hyde Park. Plans call for a complete remodel and partial restoration of the home which was originally completed in 1915. Upon completion, Mainsail Devl Grp expects to add a 3 car garage and guest house, new modernized kitchen, pool hot tub and and new mechanical and electrical facilities. |
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| Mainsail hopes its latest real estate niche has an extended stay |
Mainsail Development Group is pouring more than a million dollars into renovating a South Tampa apartment complex, but it's not visions of condominium sales the company sees. It's extended stay housing.
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| 5-13-2005 |
| USA TODAY |
| What's Coming up? The British Virgin Islands....where new development is rare, will get a luxury resort and spa on the unspoiled 230-acre Scrub Island. The multi-million dollar Mainsail BVI development- a quick ferry ride from Tortola- will include a boutique hotel,spa, new marina and Residences. Ground will be broken on villas this year; the project is due to be completed and open in 2008. The island is currently home to a watering hole called Donovan's Reef Restaurant and bar. |
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