That changed in 2020. It altered the nature of real estate around the world — with high-net-worth buyers flocking to Caribbean islands in droves, seeking space, privacy and new levels of luxury.
This has largely led to one destination: Turks and Caicos, which has become one of the most sought-after real estate hotspots in the Western Hemisphere over the past five years due to its beauty, tranquility, high quality of life and its spectacular real estate.
A new luxury destination is emerging in the Turks and Caicos Islands: The Loren at Turtle Cove and Marina, an ambitious and stunning collection of condos, hotel suites and villas. Now, Caribbean Journal has learned, The Loren at Turtle Cove has reached two major milestones.
The first milestone is the completion of the foundations for the main hotel apartments. This phase sets the stage for accelerating the progress of the remaining development phases.
That means The Loren at Turtle Cove is eyeing rapid development, edging closer to the day when it “opens its doors to discerning owners and guests seeking the epitome of sophisticated island living,” the project’s broker of record, Robert Greenwood, senior broker and director of Christie’s International Real Estate Turks and Caicos, told Caribbean Journal.
Perhaps more notably, The Loren at Turtle Cove just celebrated another sales milestone, reaching $78,000,000 ahead of schedule.
This figure reflects market confidence in the project and the appeal of The Loren brand, which already has a well-established property base in Bermuda and Austin, Texas.
So what’s selling so far?
Sales highlights include three stunning beachfront villas and one of two spectacular penthouses.
A variety of one, two and three-bedroom apartments are currently under contract, highlighting the wide appeal of the development.
Greenwood said these sales figures far exceeded expectations and speaks volumes about the demand for such high-quality properties in Turks and Caicos.
“The Loren at Turtle Cove is more than just another luxury development, it is a signature property for the Loren Hotel Group and one of the first of its kind in the region,” said Greenwood. “It promises to redefine luxury living in the Caribbean, offering a unique blend of world-class amenities, impeccable service and stunning natural beauty. The Loren Group’s commitment to excellence, already reflected in its other properties, ensures that this enclave will be impeccable.”
Christie’s International Real Estate Turks & Caicos, one of the world’s leading luxury real estate brands, is the exclusive agent for this project.
Greenwood said this shows that The Laurent represents “the future of luxury in the Caribbean,” where “every detail is crafted and every resident is part of an extraordinary experience.”
Thinking of moving? You can find more information at the following websites Loren Residence.
