New York based real estate development firm, Time Equities Inc. (TEI), has announced the expansion of Altamer Resort in the Eastern Caribbean island of Anguilla. The expansion will include the construction of a superyacht marina complex, and is being undertaken by TEI in cooperation with Anaconda LTD/ Marine Management and Consulting and Cross Island Development.
The marina will be the first of its kind to be built in Anguilla, and will also serve as an official port of entry to the island. 30% of its berths will be designed to accept yachts up to approximately 61 metres, and will include a 164-unit resort, in addition to duty-free retail shops and a restaurant promenade.
“For over a decade, Altamer Resort has offered the finest world-class hospitality experience on Anguilla, and we are certain that with the involvement of Jeff Boyd, Chairman of Anaconda LTD/Marine Management and Consulting, along with Cross Island Development, we will collectively enhance that reputation,” said Francis Greenburger, Chairman and CEO of TEI.
He continues, “Altamer Marina will rival some of the most renowned facilities in the region and will not only position Anguilla as a choice destination among the luxury yachting community, but will meet the rising yachting, shopping and dining demands of high-net worth individuals.”
The expansion project is currently in the final design and development stages, with both investment and ownership opportunities available.