USVI – Water Island Resort and Hotel Development – US Virgin Islands - Project Profile
"USVI – Water Island Resort and Hotel Development – US Virgin Islands - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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The Government of the United States Virgin Islands (USVI) is planning to build a resort and hotel at Water Island in the US Virgin Islands.
The project involves the construction of a resort and hotel on 16ha of land. It includes the construction of a 100-room hotel, 40 townhouses, 30 rental villas, a deep-water dock, an 80-slip marina, restaurants, retail and commercial space and parking facilities.
In 2012, Revpar International (Revpar) was appointed as project manager.
Michael Graves & Associates has been appointed as architect.
On November 29, 2012, Revpar conducted a market study and financial analysis and issued a feasibility report for the project.
On September 19, 2013, USVI Property and Procurement Department (USVIPPD) issued expression of interest (EoI) for developers with November 15, 2013 as the submission date.
In July 2014, Water Island Development Company LLC (WIDC) was appointed to develop and manage the project.
USVI signed a 99-year land lease agreement with WIDC to redevelop the proposed site in November 2014.
WIDC appointed SB Architects to develop the conceptual site plan for the resort.
The project involves the construction of a resort and hotel on 16ha of land at Water Island in the US Virgin Islands.
The US$140 million project includes the following:
1. Construction of a 100-room hotel
2. Construction of 40 townhouses
3. Construction of 30 rental villas
4. Construction of a deep-water dock
5. Construction of an 80-slip marina
6. Construction of restaurants
7. Construction of retail and commercial space
8. Construction of parking facilitiesReasons To Buy