Bayern Munich wins Champions League final 2-1 4:07 PM
Dwayne Smith fined ten percent of IPL match fee 3:56 PM
Budget cuts will affect Hanover health services - official 3:19 PM
Braithwaite clocks season’s best in 110m hurdle win 8:40 AM
Gay clocks 10.02 to win Diamond League 100m 8:05 AM
VCB romps NY Diamond League 200m 12:50 PM
Business
Five hundred new houses for Coral Springs
By Shamille Scott Business Reporter
Wednesday, August 08, 2012
Gore Developments Limited is set to establish a 543 unit residential development in Trelawny.
These houses are to be developed in the Dry Limestone Forests surrounding an already existing housing estate in Coral Springs.
A total of 401 single family, detached two bedroom houses will be developed on the flatter lands on the west and north of the area.
The amount to be invested into the housing development has not been disclosed.
Serviced lots that are to be developed by land owners will make up the remaining 142 lots will be serviced lots which are located on the two major hills on the eastern section of the property.
Lands have been also been allocated in the development plan for a Basic School, Commercial Centre including a gas station, sewage treatment facility, recreational area and natural green areas.
Gore, in 2008 obtained 169 acres (68 ha) of land in the Coral Springs property from the Redevelopment Foundation.
The Coral Springs property was approved for housing subdivision in 1964. It was slated for 380 lots of a minimum of 700 m2 (8,000 sq. ft.). The project started along the highway with 39 lots being completed and handed over to the purchasers. Since then 26 lots have been built on while the others remain empty.
The project site is separated from the southern Dry Valley property by the North Coast Highway. Both the eastern and western boundaries of the project site encompass forested private property.
Originally, the subject property was subdivided in 1964 and was slated for a 380 lot housing development. Each had a minimum of 700 m2 (8,000 sq ft). However the majority of the property was never developed.
A total of 39 landowners were able to legally obtain property titles for their lots which most have now completed building while the others are empty lots. The remainder of the property was taken over by the Redevelopment Foundation.
The development concept conceived by the developers is that of a housing development for families, individuals and senior citizens in a balanced environment.
Other Stories
Interest rates are on the rise
JNBS touts 'financial bridge' in London
SVL dealing with 'little issues' in Dom Rep
Barbadian collects J$362 million Super Lotto Jackpot
IMF appoints new rep for Jamaica
Puerto Rico faces lowest coffee production ever
Oil falls on concerns for China demand
Cuba sees decline in food production
Turks and Caicos recovers cash, land amid probe
Canadian businessman on trial for corruption in Cuba
IMF head Lagarde in fraud probe
Are the new telecoms licences up for sale too pricey?
JPS, ATL partner on energy-saving retail products
Fiction, Tracks & Records post losses
Colombia turning brain drain to gain
BCW Capital to raise $500-m for Caribbean Producers


