Kefordco Development Limited plans to build a beachfront high-rise that spans six storeys, called ‘The Azure’ in St Ann, for which prices start at about $30 million or US$200,000, the Financial Gleaner understands.
It’s the latest condominium set for the north coast. The complex would be the tallest in the area and include a clubhouse, pergolas, infinity pools, and a rooftop lounge.
The architect drawings and site plans are before at least one planning authority. Other planning documents such as an environmental impact assessment are not yet available.
“We believe we have satisfied the required planning requirements,” said Corey Robinson, a director of StudiOH Core Limited, the architectural firm assigned the project, in documents submitted to the National Environment & Planning Agency, NEPA.
Kefordco shareholders include investment banker and developer Leacroft Forden, businessman Keith Brathwaite and Cory Robinson. Company Office of Jamaica records indicate that Kefordco was incorporated in October 2020.
The company will do the Discovery Bay development as a joint venture with property owner Sharon ChinQuee, the Financial Gleaner understands, and is said to have a pipeline of projects slated for Manor Park in Kingston, Negril in Westmoreland, and Lucea in Hanover.
Regarding The Azure: “Our intention is to construct 41 apartment units, comprising of one and two-bedroom apartments ranging in size from 775 square feet to 2,090 square feet,” the NEPA filing state.
Calls to StudiOH went unanswered up to print.
Forden said Monday that he was not prepared to say more on the project at this time due to ongoing discussions with public bodies.
However, back in July, he told the Financial Gleaner that the total investment would be about “J$1.1 billion” and that financing had been secured.
“We do have an investor who came in early and put in about US$1.5 million. That put us in a position where we’re not short of cash,” Forden said at the time.
The price of the one-bedroom units was then said to be about $30 million, according to the developer, while the penthouse suites would go for $84 million.