Company releases infrastructure update; Groundbreaking scheduled for June 1st
MAHO, St. Maarten, April 13, 2016 /PRNewswire/ -- A project long in the vision of Sint Maarten's premier real estate, hospitality and gaming leaders The Maho Group, Porto Maho, the newest luxury venture of the company has seen tremendous growth in the past six months. Today it announces a construction and financing update.
Inspired by the high-end style and atmosphere of seaside European villages and yacht clubs, Porto Maho will offer an inspired architecture. Sweeping views of the yacht-filled Simpson Bay Lagoon will serve as the backdrop to the community, which will offer The Vistas and Estates at Porto Maho, the two residential elements of the project.
"This venture is our solid commitment to Sint Maarten and its economy," said Maho Group's President & CEO Saro Spadaro, and the visionary behind the project. "The Maho Group is, and will continue to be, a vital part of the destination."
Scotiabank is The Maho Group's financial partner on the multi-million dollar development. The financial institution is known globally as Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia-Pacific.
"Forty percent of the road network and other infrastructure has been completed," continued Spadaro. "We will break ground on four villas before the end of Q2 and we'll begin construction of the marina's first phase shortly thereafter."
Designed by the Turin, Italy-based firm Associated Architects and thoughtfully furnished by international designers, each of the 25 residential offerings feature stunning views of Simpson Bay Lagoon and Anguilla on the horizon. With home sites starting from $600,000 USD, the hillside Vistas feature private pools, and three or four bedrooms, while the 10 waterfront Estates feature private docks, swimming pools and four to six bedrooms, with pre-construction pricing from $3.1M including lot and home.
About Porto Maho
Porto Maho aims to blend a life aquatic with bespoke design, signifying a new concept in island living; the seamless integration of lifestyle and domicile with everything one needs to live comfortably and effortlessly. No mere backdrop, the living village is destined to be a vibrant hub, complete with a piazza, banks, cafes, restaurants, designer boutiques, aquatic activities, seaside promenade, specialty markets and members-only amenities like an athletic club, all anchored by what will be the destination's largest mega yacht marina.
For more information on Porto Maho, contact the Maho Real Estate Sales Center at +1.721.545.5591; visit www.PortoMaho.com; Twitter @livemaho.
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SOURCE Maho Group