LG Smith Boulevard 456 Villas
Recently European developers presented Aruba Coastline Villas. It entails three luxury villa projects around prime locations in Aruba: Malmok, Eagle Beach and Savaneta. Sales agent is the local Remax.
In Malmok “LG Smith Boulevard 456 Villas” is going to be developed. At Malmok two units are available for sale, starting at almost $1.7 million pre-construction and almost $1.8 million finished. The size of the villa is 310 sq. meter (3410 sq. feet).
In Savaneta the developers purchased former Brisas del Mar Restaurant and are going to build “Brisas del Mar Villas”. This project consists of 3 units starting at almost $1.3 million pre-construction and almost $1.5 million finished. The size of a villa is 343 sq. meter (3773 sq. feet).
At Eagle Beach the proposal is to build 16 luxury condos. They purchased defunct Le Dome Restaurant at Eagle Beach and named the project “Vie le Dome”. Pricing and unit sizes are to be announced.
This an interesting project, it’s the only one of its kind in Aruba. Obviously I’m pleased with the scale of it – small. The three properties they bought to develop these villas were all privately owned. In fact they might have done the island a favor by buying those properties which were virtually abandoned.
The developer came out big with the announcement. They issued statements and installed the typical billboards in front of the properties. There were two minor issues though. As Aruba is a fairly political island and we are in the midst of election season (September 25 general elections), somehow this announcement was made political by some critics.
Another issue appears to be the expected restrictive access to the beach at Brisas del Mar in Savaneta. Always a reminder that all Aruba beaches are public. Locals are sensitive about any project which might take away a piece of beach from public use.
Afraid for a PR fiasco the developer decided to come out to the press and refute all the claims. All permits were approved by proper authorities and they seem to have broad support from most island representatives as well. In terms of the access to the beach the developers said to have a clear understanding with the department of infrastructure that there won’t be any obstruction.
I think that these apartments are obviously intended for foreigners with deep pockets. Not only the price point is way high, also the setting. Foreigners like the condo convenience, ocean view, pool and quietness. Contrary, locals like to live at residences with plenty of yard space, amid grocery stores, public services and near main roads.