The development of Atlantis is one of the longest and oldest real estate project failures in Aruba’s history. The original plan was a community of villas/condos – and offer hotel like amenities. The plan started together when Aruba tourism took off, in early 90s. The time was ripe, the project was well thought-out. Then faith struck.
Months after the start of the construction efforts, the development company behind this project suffered a though loss. The company’s owner passed away. The offspring of the deceased couldn’t come to terms on how to forward. As a family company this was crucial. According to reports family members weren’t on speaking terms. They couldn’t even come to terms to sell the project other developers. Until recently.
The project has been acquired and the new developer has already started with the demolition and cleanup. From the pictures you can see that they are going to use some of the previously buildup area. Condos are going to be developed there. I haven’t seen the plans yet but as soon as I see them I’ll update you.
NOTE: Atlantis Hotel and Villas not to be confused with Atlantis Submarines.
Update 1: This project is called Tuscany Residence and will consists of 78 apartments, 65 joint villas and 10 separate villas. The developer is Toscano Development and the project will feature Mediterranean style architecture mixed with Caribbean touches according to the developer.
Old project title “Atlantis Hotel and Villas”
Cleanup of old development
Cleanup of old development with Marriott in backdrop