AUGUST 2024
NEWSLETTER
Hello everyone,
We hope you're enjoying the heat of summer with plenty of relaxation and some quality family time. This month holds a celebratory milestone for Andaz Turks & Caicos as we look towards completing our structure's final roof installation. In this edition, we will announce exciting details on a recent local investment initiative, and share our newly created online space to profile key residential listings.
Thank you for your continued support!
Best regards,
Jon Siegel & Matt McDonald
Completed Structure
This summer is a season of significant milestones for the project. The roof structure is now 65% complete, a substantial advancement in our timeline. Construction has begun on the ground floor plunge pools, an exciting outdoor feature for select residences. Additionally, the 6th and 7th floors are now fully completed, showcasing the hard work and determination of our construction team. We look forward to completing the roof and, consequently, the entire structure next month.
We’re crafting a world-class resort to join the World of Hyatt on the #1 beach in the caribbean.
Are you interested in owning a luxury property on Grace Bay Beach? Get in touch with Ulf Bengtsson, our Director of Real Estate Sales, today.
Local Investment by The National Wealth Fund
On July 30th, 2024 came the formal announcement of a key strategic investment by the Turks and Caicos Islands National Wealth Fund in collaboration with Vista Development Inc., the developer of Andaz Turks & Caicos, representing the fund’s first real estate investment with the acquisition of an Andaz Turks & Caicos studio residence.
“Aligning with our strong ties to the Turks and Caicos community, the National Wealth Fund and its investment in Andaz Turks & Caicos demonstrates the project’s ability to foster economic resilience, social development and strategic investments,” says Andaz Turks & Caicos project developer Matt McDonald, co-founder of Vista Development, Ltd. “Vista Development is honored to be selected for this investment initiative.”
Established in 2018 by the Turks and Caicos Islands National Wealth Fund Ordinance, the National Wealth Fund is dedicated to prudently and sustainably managing the nation’s financial resources to enhance long-term economic stability and prosperity. The three goals of the Fund are to save and invest surplus revenues to generate an alternate stream of income; to undertake large-scale infrastructure investments; and to provide for economic stabilization in the event of an external shock or natural disaster.
Meet the Team
The Driving Force Behind The First Ever Hyatt Andaz in The Caribbean
Dennis Ramnarine
Construction Manager, QA, and FF&E Manager at Vista Developments Ltd.
As a key manager on-site at Andaz Turks & Caicos, Dennis is constantly ensuring strict adherence to project specifications and design standards. His role includes reviewing drawings, providing insights for improvements, and maintaining rigorous quality assurance through team coordination and consultant liaison. Dennis also oversees the layout of furniture, fixtures, and equipment, and leads planning sessions to achieve project milestones with the team.
Having transitioned from teaching Math and AutoCAD to a career in construction, Dennis pursued his passion for creative architecture that enhances society and life. With a BSc in Construction Management and Associate Degree in Architecture, he specializes in luxury hotel developments.
As a former project manager at ZDA Construction, Dennis oversaw numerous projects collectively valued at over $250M, demonstrating his leadership in constructing showrooms and hotels. His success in Jamaica led Dennis to expand his expertise across the Caribbean, now focusing on the Turks & Caicos Islands.
Outside of work, Dennis treasures memories of exploring North Caicos with his wife and watching kite surfers at Long Bay Beach. His ideal day on the islands includes sightseeing, dining at Rickie’s Flamingo Cafe, and enjoying a sunset on the beach. Looking ahead, Dennis aims to pursue major global construction projects in cities like Dubai and China while working towards completing his Master's in Architecture and gaining the work experience needed to become a Registered Architect.
Follow us on Instagram @andaztcresidences
Key Listings at Andaz Turks & Caicos
We are excited to introduce our newly launched online space, showcasing available residences at Andaz Turks & Caicos. Currently, we have a collection of exceptional spaces remaining, including 1, 2, and 3-bedroom beachfront options. This page will be regularly updated by our team and serves as a valuable resource for anyone interested in owning property on beautiful Grace Bay Beach.