CONSTRUCTION UPDATE - APRIL The Dunes Villas. Turtle Cove, Providenciales

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Francis Evelyn Hensley
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1 CONSTRUCTION UPDATE - APRIL 2015 The Dunes Villas Turtle Cove, Providenciales

The Dunes Development - Dedicated to the Environment and Delivering Quality Prior to construction, The Dunes beachfront site was a blank slate on the north shore of Providenciales and located within

69M, confirming the value and the development potential of the area.

In early September 2014, The Dunes Development broke ground on the first building of a two villa micro-resort concept and design which, after completion, will be managed by Grace Bay Resorts, the

The Dunes will be a welcome addition to Grace Bay Resorts rental portfolio.

2 The Dunes Development - Dedicated to the Environment and Delivering Quality Prior to construction, The Dunes beachfront site was a blank slate on the north shore of Providenciales and located within a community of luxury villas, most of which have a history of impressive rental performance in the short term villa rental market. Current market values of villas in this area range from $2.95M to $5.69M, confirming the value and the development potential of the area. The Dunes with its luxury finishes, imposing architecture, Eco-friendly features and attention to detail is at the high end of this range. In early September 2014, The Dunes Development broke ground on the first building of a two villa micro-resort concept and design which, after completion, will be managed by Grace Bay Resorts, the leader in the short term rental market in Providenciales with Grace Bay Club, The Estates at Grace Bay Club, West Bay Club and the new villas The Residences. The Dunes will be a welcome addition to Grace Bay Resorts rental portfolio. Respecting its location within the Princess Alexandra National Park and the responsibility for careful management of Smith s Reef, The Dunes will incorporate many energy saving and environmentally responsible features, including multi-zone Mitsubishi air conditioning systems, solar water heating, gray water recycling and Bionest waste water treatment. Turtle Cove Marina is an area landmark and is on the cusp of future development and revitalization as the Turks & Caicos Islands continues to grow and fulfill its destiny as the premiere upscale destination in the Caribbean. The pictures below, taken before and during construction, are for comparison.

The Dunes Villas - Paramount Location, Relaxed Contemporary Design The above pictures, taken on February 23, 2015, show that construction of the first Dunes villa is well on its way - with basement,

Re-forming of the dune to create the private beach off the terrace has already been started. To the east of The Dunes there are currently two private residences under construction.

With the scarcity of prime beachfront land in Providenciales and the upswing in demand for short term villa rentals, The Dunes is posed to achieve and deliver a new standard in high quality serviced

The custom-designed villas offer a design that raises the bar in Providenciales for contemporary beachfront living, with private nestling areas within the dunes and 156 feet of beachfront on a gated

3 The Dunes Villas - Paramount Location, Relaxed Contemporary Design The above pictures, taken on February 23, 2015, show that construction of the first Dunes villa is well on its way - with basement, foundation, exterior walls, swimming pool and infrastructure all in place. A portion of the landscaping will begin shortly to enable growth and maturity at completion. Re-forming of the dune to create the private beach off the terrace has already been started. To the east of The Dunes there are currently two private residences under construction. Both have earlier completion dates, mitigating the potential for disturbance during occupancy of the first Dunes villa. With the scarcity of prime beachfront land in Providenciales and the upswing in demand for short term villa rentals, The Dunes is posed to achieve and deliver a new standard in high quality serviced villas, combining contemporary styling with sophisticated and elegant interiors. The custom-designed villas offer a design that raises the bar in Providenciales for contemporary beachfront living, with private nestling areas within the dunes and 156 feet of beachfront on a gated and private one acre lot. The beach directly in front of The Dunes provides a natural soft sand opening for ease of access to the turquoise sea. This location also benefits from the magnificent coral heads of Smith s Reef. For the water-sports enthusiasts, The Dunes villas offer a premier location, with Turtle Cove Marina within walking distance and snorkeling just steps from both villas waterfront terraces. Soak in the sunshine and enjoy the gentle sea breeze - there is nothing better than Caribbean waterfront living!

The Dunes Villas - Gated Entrance, Lush Landscaping, Resort Amenities With construction on schedule, the first villa along with the shared fitness center / service building, plus the gated entrance,

A selection of bespoke interior furnishings and finishings that will compliment the contemporary style of the villas provides a complete turnkey package and will be available for viewing by potential

4 The Dunes Villas - Gated Entrance, Lush Landscaping, Resort Amenities With construction on schedule, the first villa along with the shared fitness center / service building, plus the gated entrance, will be fully completed by mid December and ready for occupancy. A selection of bespoke interior furnishings and finishings that will compliment the contemporary style of the villas provides a complete turnkey package and will be available for viewing by potential purchasers in April. Once complete, The Dunes will operate as a boutique luxury micro resort under the management of Grace Bay Resorts. The villas will have luxury resort amenities for owners and guests to enjoy, including: airport pick-up, concierge service, daily housekeeping, poolside and beachside services, on-demand chefs, signing privileges at Grace Bay Club etc. The Dunes was designed by the renowned SWA Architects, based in Turks & Caicos, and is built by Kvanar Construction. For information on the developer of The Dunes Villas we welcome you to view their website at:

5 Bedrooms & 5 ½ Bathrooms 3 Bedroom Main House, 2 Bedroom Guest House On-site fully equipped fitness center Each home with private gated entry and on-site security Total Footprint: 5,100 sf (under

6 5 Bedrooms & 5 ½ Bathrooms 3 Bedroom Main House, 2 Bedroom Guest House On-site fully equipped fitness center Each home with private gated entry and on-site security Total Footprint: 5,100 sf (under roof) Opportunity to customize the basement of Villa #1 to include a game room, media room, and/or 6th bedroom Opportunity to customize Villa #2 US $4,250,000 per Villa US $8,200,000 for the Entire Compound Apart from the spectacular five bedrooms and five and a half bathrooms, each villa will have a private outdoor pool with a floating dining palapa, outdoor kitchen and fire pit that creates an oasis-like setting that will be the heart of the villa. The three oversized master bedrooms provide unobstructed oceanfront views, while the master bathrooms boast freestanding tubs, glass showers and double vanities. Expansive living and dining areas will open to a beachfront terrace providing a seamless indoor-outdoor experience, contemporary Italian kitchen design, superior appliances and the highest quality imported fixtures and finishes. The entire 1 acre beachfront compound, two 5 Bedroom, 5 1/2 Bathroom villas, fitness center / service building, plus the gated entrance can be made available for purchase for large extended families, those buying in partnership, or those who simply value The Dunes as a strong, long-term income producing asset with optimal flexibility of use and rental. Customization of the second villa is available and some options remain available for the Villa under construction. Curated contemporary furniture packages available. The high end, managed villa market in Turks & Caicos continues to grow and perform at a very high level, and the Dunes is expertly designed for this dynamic market as beachfront land prices continue to escalate and market inventory shrinks. Joe Zahm joe@tcsothebysrealty.com t c Nina Siegenthaler nina@tcsothebysrealty.com t c Turks & Caicos Sotheby s International Realty Venture House, Grace Bay Providenciales turksandcaicossir.com The Dunes Villas Turtle Cove, Providenciales

The Dunes Villas Turtle Cove, Providenciales

The Dunes Villas Turtle Cove, Providenciales THE DUNES A CONTEMPORARY MICRO RESORT ON GRACE BAY MANAGED BY GRACE BAY RESORTS The Dunes offers a new standard in contemporary luxury villa design for Turks