The TDC Group of Companies has broken ground on its newest real estate development project at Dewars Estate on St. Kitts.
On Tuesday 22nd December 2020, at a ceremony to mark the commencement of the endeavour, The Residences at Dewars. Situated on 5.6 acres of landscaped perfection with a foot green area, it boasts spectacular panoramic, unobstructed views of the Caribbean Sea, the South East Peninsular, the sister island of Nevis and the allure of Mount Liamuiga.
The thirty (30) homes are designed with contemporary styles offering impeccable workmanship, comfortably blending modern conveniences with the historic charm of surrounding Buckley’s and Dewars Estate environment.
The two, three, and four-bedroom homes are available in eight (8) models ranging in size from 1525 to 1551 square feet and all units will be constructed and sold with amenities that include hand-crafted kitchens, laundry room, water storage facilities, among others, including optional extras for homeowners.
According to Mr. Earle Kelly, TDC Group Chairman, “this project is very important to TDC. Following our discussions with the Government in 2017, we finalized our agreement in 2018. To date, we have already put in the necessary infrastructure that includes, water distribution systems, fiber optics for telephone, cable television and internet, roadways, the land purchase and paid the relevant taxes and respective home designs at a cost of EC$3.3 million dollars to develop this beautiful site.”
He also added, “this project is part of the Group’s corporate strategy, where the company will engage a wide range of our businesses; the TDC Home and Building Depot, St. Kitts Masonry Products, TDC Insurance Company Limited and TDC Financial Services Company, by leveraging the synergies that exist within the Group. The economic impact of course will be tremendous, where we estimate the cost of completing this project will be around EC$16 million dollars and over the life of the project to employ local professionals, labourers, plumbers, electricians, etc. to create and maintain jobs within the Federation.”
Dr. Timothy Harris, the Prime Minister also addressed the gathering, and spoke of his confidence in the TDC Group to continue to play its part in the nation building process.
“Today is a wonderful day, in fact I see it some ways this is TDC’s Christmas gift to the people of St. Kitts and Nevis. I want to commend TDC, because it has been a dynamic group of companies that has always been looking for opportunities, seizing them, and advancing the quality of life in St. Kitts and Nevis. The market of housing at this time is great and the government wants to focus on the lower income and lower middle-income market in providing affordable houses and we want the private sector to partner with the government to facilitate the housing demands in our country.”
“I want to really commend the interest, the zeal, the mode of expansion that the TDC Group is displaying. Clearly, we need that if we are to build back a more resilient country after the continuing negative impact of the COVID19 pandemic. Construction is the lead growth driver in St. Kitts and Nevis, and this gives you a sense of the wide cross section of sectors that will impacted by this project. The government will give our fullest support has already facilitated the infrastructural work for this project and offered special concessions through partnership. Congratulations to the TDC Group of Companies and may the company get more involved in all areas of social economic activities.”
With over thirty-five years of experience in the real estate and construction sector, the Group has successfully completed similar projects in Sandy Point, Frigate Bay, Conaree and Half Moon Bay.
The event was also attended by TDC Executive Directors and Senior Managers, Architects, Project Managers, Contractors, invited guests and the media.
Picture Mr. Earle Kelly, TDC Group Chairman/CEO and Dr. Timothy Harris, Prime Minister of St. Kitts and Nevis break ground at Dewars Estate