The beautiful island of St. Lucia, one of the most popular destinations in the Caribbean, is about to become an even more exciting retreat for vacationers, or those looking for their own slice of paradise, thanks to a new resort and lifestyle hotel development being constructed by DSH Caribbean Star Ltd.
The $2.6 Billion, 700-acre project will include a marina, resort, shopping mall, casino, a Free Trade Zone, and other entertainment and leisure facilities, most notably a horse racing track, the first of its kind on the island. With ability to house approximately 1,000 horses and ample space to host world class racing events and festivals, this track will be one of the best in the world, and the only one in the area. Horse racing has become increasingly popular in the region, particularly in nearby Barbados, further increasing St. Lucia’s draw to a diverse pool international investors.
In addition to the racetrack and other extensive entertainment and leisure options, the Pearl of the Caribbean will offer homestead villas and waterfront villas.
Located in the Vieux-Fort area of the island, only minutes away from Hewanorra International Airport with Citizen Program approved real estate investment opportunities available, this property might prove to be an ideal location for owners/investors from around the world. St. Lucia’s Citizen Program, or second passport program, allows for investors buying approved St. Lucia real estate (with a minimum value of $300,000 USD) to apply for full citizenship, making buyers at the Pearl of the Caribbean potentially official residents and passport holders of the island nation.
The lush rainforest-covered island is known for the Pitons, an iconic pair of volcanos that rise 2,500 feet above sea level; located on the southwestern area of the island, these twin peaks have designated as a UNESCO World Heritage site.
St. Lucia is also home to stunning waterfalls, botanical gardens, and other rich natural resources, along with the classic Caribbean crystal blue waters and pristine beaches, and of course, the famous Pitons. And appropriately, the Pearl of the Caribbean development has sustainability and eco-friendly design in mind, with fifty percent of the development made up of open space and a focus on eco-tourism.
International residents and investors at the Pearl of the Caribbean will also benefit from the upcoming extensive upgrades to Hewanorra International Airport.
Construction on St. Lucia’s first and only international standard integrated development is expected to begin in early 2017.