*Note: Photo has been edited to remove existing buildings and beach vegetation.

Saint Martin Development Opportunity

Saint Martin Development Opportunity

DEVELOPMENT HIGHLIGHTS

Location French West Indies - French side of Saint Martin
Property Size 26.7 acres (108,225 sq.m)
Oceanfront Area 4.4 acres (17,652 sq.m)
Ocean Frontage 1,889 linear feet (579 m)
Condition Property delivered as-is, developer to demolish old buildings
Zoning U-6, resort hotel with for-sale residences
Casino 1 of 3 prime waterfront locations French government will support
Airport International Caribbean Hub, 10 – 15 minutes to site
Ports Cruise ship ports in Marigot and Philipsburg
Marinas Multiple marina options can accommodate Megayachts to 360’
Shopping Duty Free shopping in capital city of Marigot - 10 minutes to site
Management Luxury hotel flags have expressed interest to manage the new resort

COOPERATIVE GOVERNMENT

Incentives Government fiscal incentives available
Tax Holiday No income tax until developer’s investment costs have been recouped
Property Tax No property tax during construction, and first 5 years of operation
Insurance Casualty insurance available from French government
Gov’t Approved Concept approval for resort hotel and for-sale residences
Previously Considered All-inclusive hotel including 8-story towers up to 1M SF
Offshore Island Owned by French Government - developer will control day-use access
Offshore Bldg. Non-permanent construction – wood & canvas will be permitted
Lagoons Government permits repair and dredging of lagoons, & rebuild of causeway to offshore island

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, 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.

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-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 never reopened.  Residual buildings will be demolished by the new resort’s developer.

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 1M Sq. Ft. and 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 removed this cover.

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.