*Note: Photo has been edited to remove existing buildings and beach vegetation. Red boundary line is the 26.7-acre subject property available for sale. Yellow boundary line marks the adjacent property, offered by another owner. 

Saint Martin Land Development Opportunity

Saint Martin Land Development Opportunity

DEVELOPMENT HIGHLIGHTS

Location French West Indies – French side of Saint Martin – The property is located on a very private and secluded peninsula in Les Terres Basses, the most exclusive residential enclave on the island.
Property Size 26.7 acres (108,225 SQM)
Oceanfront Area 4.4 acres (17,652 SQM)
Ocean Frontage 1,889 linear feet (579 m)
Condition Property delivered as-is.
Zoning U-6 - resort hotel with for-sale residences
Approvals The French Government has approved a Resort Hotel with for-sale residences up to 569,000 SF (52.8 SQM). Property will be delivered along with a Certificate d' Urbanisme, the document of binding government approval for the resort redevelopment with a residential component. An alternative plan will require the submittal of a new application for government review and approval; a 60 day process.
Approval Timelines Following the Government's concept approval of the developer's final site plan, working drawings will be required to obtain the building permit.
15-Acre Offshore Island Owned by the French Government with exclusive day-use access granted to the resort owner. No permanent construction will be permitted, although non-permanent wood & canvas structures (cabanas & beach bar) are approved.
Lagoons Government permits repair and dredging of lagoons and rebuild of causeway access to the offshore island.
Casino Casino to be considered with additional approvals, the French Government has expressed their support for this location.
Management Previously a Hilton flag when operational. Luxury flags have expressed interest in management of a new resort
Property History The property was selected in the early 1980’s as the location of La Belle Creole, a Conrad Hilton International Hotel. This highly acclaimed resort was the pride of the island, and featured 162 keys in 22 separate buildings, with a total of 190,000 square feet. LBC closed following Hurricane Luis in 1995, the property never reopened.

Government Incentives and Tax Information

Incentives Government financial incentives are available.
Tax Holiday No income tax until developer’s investment costs have been recouped
Property Taxes No property taxes during construction and first 5 years of operation.
Insurance Casualty insurance is available from the French Government.

Saint Martin Island Details

Government Two Nation Island: French Side (St. Martin), Dutch (Sint Maarten)
Airport International Hub Airport (SXM) – 10 to 15 minutes to site Direct Flights from US, Canada, Europe, South America
Ports Two Ports: Marigot (French) and Philipsburg (Dutch)
Marinas Multiple Marinas can accommodate Megayachts to 360’.
Shopping Duty free shopping in capital city of Marigot – 10 minutes to the site.

OPPORTUNITY:
Create a World Class Caribbean Resort!

OPPORTUNITY:
Create a World Class Caribbean Resort!

IDEAL LOCATION

The 26.7 acre secluded peninsula point is located on Nettle Bay in Les Terres Basses. This world renowned community on the French side of St. Martin includes a spectrum, from modest to palatial estate homes ($3-$26 million USD), as well as the subject development opportunity. Terre Basses has become a playground for the rich and famous, who are attracted to the privacy and exclusivity of the neighborhood. Belmond’s (LVMH) La Samanna beachfront hotel, the island’s only “4 Star” property, is also located in this community.

IDEAL LOCATION

The 26.7 acre secluded peninsula point is located on Nettle Bay in Les Terres Basses. This world renowned community on the French side of St. Martin includes a spectrum, from modest to palatial estate homes, as well as the subject development opportunity. Terre Basses has become a playground for the rich and famous, who are attracted to the exclusivity of the neighborhood. Belmond’s La Samanna beachfront hotel is also located in this community.

The resort site is located in the most exclusive residential neighborhood of Les Terres Basses, on the French side of the Caribbean Island of St. Martin. Nestled in a stunning Baie Nettle cove, at the end of Sandy Ground, the property is a 26.7-acre peninsula with 270-degree ocean views, 1,889 linear feet of beach frontage, three distinct white sand beaches, swimming lagoons protected by a natural stone breakwater, and an offshore island retreat.

 

The property was selected in the early 1980’s as the location of La Belle Creole, a Conrad Hilton International Hotel. This highly acclaimed resort was the pride of the island, and featured 162 keys in 22 separate buildings, with a total of 190,000 square feet.  Closed following Hurricane Luis in 1995, the property owner left Saint Martin with the insurance settlement, and LBC has never reopened. Residual buildings, now in a state of disrepair, will be demolished by the new resort’s developer.  Architectural elements, poured in place concrete walls covered with a native stone facade and stone walkways, may be repurposed. New hurricane resistant building regulations will be incorporated in the redevelopment to protect  both occupants and the future investment.  Property casualty insurance is available through the French Government.

Site Zoning Map

The premier resort hotel development site in the Caribbean, located on the French side of Saint Martin, is now available for fee-simple purchase.  Appropriate U6 Zoning is in place for a resort hotel with a residential component of for sale luxury beach villas.  The peninsula building site is protected on three sides by the sea, and non-developable land zoned N2. The local French government has proven to be business-friendly and is strongly supportive of a resort development project.  They consider the property to be the island’s premier oceanfront building location.  Officials are flexible to developer’s interests ranging from:

 

  • The property is 1 of 3, on the French side to be considered for a casino gaming license.
  • A boutique, luxury resort with 100-150 keys, and a residential component of beach villas for sale.
  • All-inclusive resort with up to 569,000 Sq. Ft. (52.8 SQM) and 6-8 story towers.
  • Owner controlled access and day-use of Government owned off shore island.
  • Ability to build non-permanent (wood & canvas) structures on off shore island.

Unlike other Caribbean properties, this opportunity can be delivered along with a previously approved document of binding government approval for a resort hotel and for sale residences. An updated binding 18-month concept approval can be obtained following resubmittal of a similar plan. An alternative development plan will also require submittal of an application for the local French government’s binding approval. Following submission, the government’s process for application approval is guaranteed not to exceed 60 days. After the document of concept approval is received, only working drawings are required to obtain the developer’s building permit.

 Potential Development Site Plan

Property Slideshow

Views from the Property

Resort Beaches

Visitors to St. Martin enjoy the duty-free shopping in boutiques and high-end jewelry stores, and excellent French cuisine, however the main attraction for almost everyone are the beautiful island beaches!  There is something about the combination of warm water, white sand, and the stunning blue-green Caribbean Sea that screams, “relax, you are on vacation.”  The development site features three distinct beach areas.

 

The largest beach fronts a series of swimming lagoons.  They are protected by a natural, stone breakwater and replenished 24/7 as waves break over the rocks.  Two shallow lagoons are perfect children’s wading pools.  The large lagoon is essentially a salt-water swimming pool.  In previous discussions with the island’s President, it is understood that the lagoons may be dredged, should the developer decide to add more depth, or perhaps a snorkeling trail.  Stone walkways, now in disrepair between the lagoons, can be expanded for the placement of cabanas and lounge chairs.  The causeway connecting the beach area to the offshore island may be rebuilt by the developer.

 

The crescent shaped beach, adjacent to the lagoon beach and causeway to the offshore island, faces Marigot across Baie Nettle.  Behind these two beaches, is a large white sand area now overgrown with native plants.  Once cleared, this N2 nondevelopable area, can be transformed into a casual barefoot restaurant and beach bar.  Add a Caribbean Steel Drum band to set the musical tone for a daily beach party!  Non-permanent structures, built with wood and canvas for example, are permitted in this area.  Bocce Ball, Volleyball, and other beach games could also be accommodated on the extended lagoon beach.

 

The third beach is separated from the crescent beach by a rocky shoreline.  Its secluded location suggests a private white sand beach for residential villa homeowners, or perhaps an adult’s only or clothing optional resort beach.  There is a section of beachfront property zoned N2  at the far-end of this beach, where it abuts the property line.  Once again, this area becomes a prime location for a beach bar, in conformance with the zoning requirement for a non-permanent structure.

 

Today, in their natural state, the property’s white sand beaches are partially hidden beneath a mat of sea grapes and vegetation.  In the following photo gallery, some photoshop editing has partially removed this groundcover.

Offshore Island

Adjacent to the property, and less than 100 yards offshore, is a 15-acre French Government owned island.  Initial indications from the local government are that day-use of the island can be controlled by the subject property’s owner.  Construction of non-permanent wood and canvas structures will be permitted.  Visualize a series of trails leading to private cabanas, offering spa treatments, a beach activities center with kayaks, paddle boards, snorkeling gear, and of course a beach bar.

A BLANK CANVAS FOR THE NEW RESORT

This slideshow includes photographs that have been Photoshop edited to illustrate the property before and after the old hotel buildings have been demolished.  Resort beaches in the after photographs have been partially “cleaned” of seaweed and overgrown vegetation.  The beach area between the lagoons and crescent shaped beach, can be significantly expanded subject to the developer’s site plan.