luxury real estate for sale Turks and Caicos Islands

Turtle Watch Villa consists of three buildings located on a 1.162-acre lot featuring 113 feet of canal frontage and walking distance via designated access to Grace Bay beachfront. This authentic Caribbean style villa, with colorful Jalousie shutters providing shade and interior comfort, also includes a spacious amount of outdoor living, with a pool area, and pool house/outdoor kitchen. Turtle Watch is currently operated as a successful short-term rental by Grace Bay Beach Ocean Villas offering Jacaranda Main House with 3-bedrooms, 2-bathrooms, Gardenia Guest House with 1-bedroom, 1-bathroom and a third building with an upper and lower Studio units for a total of 6-bedrooms, 5-bathrooms, and 3,655 square feet.

Villa Rosa consists of two buildings located on a 1.165-acre lot featuring 113 feet of canal frontage and walking distance via designated access to Grace Bay beachfront. The villa property includes a spacious amount of outdoor living, with a large lap pool and patio areas and is currently operated as a successful short-term rental by Grace Bay Beach Ocean Villas offering Hibiscus Villa and Jasmine Villa in building one with 4-bedrooms, 4-bathrooms, and Magnolia Villa and Orchard Villa in building two with 3-bedrooms, 3-bathrooms for a total of 7-bedrooms, 7-bathrooms, and 4,075 square feet. A small studio is conveniently located poolside for staff on-site quarters.

PH 1504/5/6 is widely celebrated as the best-in-class Penthouse at the award-winning Palms. Situated on the spectacular west corner of the Palms’ beachfront eastern building 1, dramatic sunset and ocean views abound. The residence is one-of-a-kind with 180 degree western-facing views of Grace Bay Beach. Greeted to the top floor via an exclusive landing off the elevator with its own security lock feature for the penthouse, one enters a grand foyer to this 3BR 3.5 BA, penthouse. This spectacular layout features dramatic vaulted ceilings and was tastefully customized including a bespoke large shell mirror and other timeless details. Interior spaces are luxurious and comfortable with an elegant and classical Caribbean styling throughout. Privacy can be enjoyed on any of the five terraces, including the walk-out shower off the Primary suite’s bathroom. The key to the Penthouse’s long-term rental success in the resort’s rental program is its ability to split into one, two, or three-bedroom configurations with multiple ‘lockout’ suites, a unique feature amongst most penthouses on Grace Bay Beach. Large oceanfront terraces open from the intimate living and dining spaces and also from the kitchen and bedrooms through sliding glass doors. An elevator key lock system which provides for a rare security feature on Grace Bay. The suite comes fully furnished and has a separate stand-alone garage with its own title, included in the offering. The Palms Resort & Spa offers owners and guests a proven and full-service resort with an array of five-star amenities including multiple restaurants (including Parallel 23 and 72°West), L’attitide Bar, ballroom, beach and pool service, market, boutique shops, fitness center, yoga studio, tennis and pickle ball court, and renowned world-class Spa. Complimentary use of watersports equipment and an on-site Kid’s Club round out the experiences offered. A complimentary shuttle service is provided to and from the Hartling Group’s sister resorts including The Sands and Shore Club. The slated Palms interiors 2024 refurbishment program costs are not included in the offering. Inquire for more details. Inclusive of garage space and furnishings.

The first resale in Phase II Beach Enclave Long Bay! This 4 bedroom, 4.5 bathroom luxury beachfront two-storey Beach House is a rare opportunity for the lifestyle buyer to join this luxury resort community. Long Bay has become the next best beachfront opportunity on Providenciales after Grace Bay. This area is home to many multi million dollar luxury vacation rentals, The Shore Club, South Bank Villas and Marina and our very own Beach Enclave. Beach Enclave Long Bay is an immaculate, beachfront luxury boutique resort on the tranquil Long Bay Beach boasting 800 ft of beach frontage across 8 acres of land. This low density, community brings amazing amenities to the Long Bay area which include beachfront restaurant, fitness center, wellness spa, water sports along with pool and lounge. This Jacobsen Arquitetura design features modern, tropical styles further enhancing Beach Enclave's ethos of low density, clean lines softened with organic materials and seamless indoor and outdoor spaces. The double ceiling height of the great room also allows natural light to flow through this villa and further enhances the seamless indoor/outdoor transitions. This villa is equipped with sub-zero and wolf appliances, European tiling, custom millwork, high ceilings and Ipe hardwood decks, all standard specifications of Beach Enclave. The lower level of the main house consists of the large expansive kitchen, great room, extensive outdoor patio, pool and beach deck. The upper level consists of the Master bedroom inclusive of ensuite bath, large, walk in shower, double vanity and overlooks the beachfront for stunning views any time of day. The garden cottage located at the front of the villa contains the 3rd and 4th bedrooms which are both self contained efficiencies inclusive of mini refrigerators. This property is fully furnished and within the rental program of Beach Enclave which assures the buyer that the home has been well maintained and is available for use right away instead of waiting for a new build. Paradise awaits!

Unparalleled Views of Grace Bay! Penthouse 2501 at Wymara Resort is like having your own private villa five stories high and offers exceptional value and ownership opportunity. Experience quintessential Caribbean luxury with this masterful, oceanfront Penthouse Suite which spans an expansive 3,700 square feet of indulgence and boasts awe-inspiring fifth level vistas of Grace Bay Beach. Located on the west corner of the east building, this recently renovated and updated grand penthouse features three luxurious bedrooms inclusive of the primary oceanfront suite, three and a half exquisitely appointed bathrooms, an oversized terrace with private hot tub, a fully equipped, open streamlined kitchen with top-of-the-line appointments and appliances. A feature “Caicos Stone” wall brings in local organic texture as a backdrop to the great room and continues out to the terrace. The gorgeous interiors that sit below the high vaulted ceilings highlight an ideal balance of natural grain wood cabinetry, contemporary fixtures and a blend of tile textures and white honed countertops throughout. GE Monogram appliances, Kohler fixtures and curated furnishings and accessories perfectly complement this masterwork. In addition to its world-class Spa, Yoga Pavilion and Fitness Center, Wymara Resort is renowned for its amazing dining options, led by its main restaurant, Indigo, the popular beachfront Blue Water Bistro and Pink Bar. At Wymara Resort, you will enjoy resort services throughout, with a focused, well-marketed rental program. Penthouse 2501 offers owners and guests true five-star amenities and services, combining the array of facilities and services of a high-end resort with the exclusivity of a boutique hotel, providing the ultimate Caribbean escape.

Residential vacant land within the community of Thompson Cove with access to beachfront, canal front and community green space. This unique, pie shaped 1.26 acre residential lot provides plenty of space to build a spacious family residence and guest house if desired with the larger width of the lot at the private side of the parcel and a narrow entrance at the access road. Several homes have already been built within this area creating a well-established home environment with home-owners association in place. Centrally located within minutes’ drive from the supermarkets, restaurants, and other amenities.

Spacious 5 Bedroom Vacation Rental Villa Surf Lodge Villa is a Beautiful and Tranquil 5 bedroom villa with a pool and 3rd floor observation deck. A short 5 minute walk from the villa to a beach access to Long Bay Beach with its crystal clear shallow waters, ideal for Kitesurfing. An ideal surfers lodge in a private community and just a short drive from Grace Bay. Villa Surf Lodge is a fantastic investment property with an established rental calendar and great earnings potential.Rental income numbers available upon serious request. Contact us today for additional information or for a showing.

Experience breathtaking panoramic views of the Atlantic Ocean from this stunning beachfront property. Situated on an elevated ridge atop white sand beaches, this expansive 2-acre parcel on Lighthouse Road in the Northeast Suburbs of Grand Turk offers unparalleled vistas of the ocean horizon and eastern coastline. Enjoy endless vistas and the tranquil ambiance of coastal living in this idyllic location. The adjacent 2-acre lot can be acquired for those seeking to develop a family compound or a commercial development.

Just significantly reduced in price from $3.59 million, Turquoise Villa is located in the prime neighborhood of Leeward on prestigious “Tranquility Lane” amidst some of the island’s most significant beachfront homes. The contemporary luxurious four-bedroom villa is only a stone’s throw from the number one beach in the world, and beach access to Grace Bay Beach. Completed in 2017 by acclaimed builder Norstar, this elegantly executed home offers a turn-key light and bright contemporary furnishings package, with turquoise accents, fitting to its name. The outdoor area offers complete privacy with a large shaded outdoor lounge and dining area next to the heated pool and jacuzzi. A well-appointed kitchen featuring Sub Zero refrigerator and drawers, and high-end appliances, and well laid out great room with bar area, and a primary suite on the main floor and the main primary and two additional bedrooms on the upper level make this a very user-friendly and hospitable home. Ample storage and shaded carport with a service entrance and half bath round out the interior spaces. A lushly landscaped, private and mature garden boasts additional lounge space in the hammock grove or seating to enjoy an evening around the fire pit. The property has a prior successful rental history and could be flexed up for future rentals as desired by an incoming owner. Please inquire for more details.

Sapodilla by the Sea + Vacant Land with two designated beach access points! Sapodilla by the Sea is a successful vacation rental located in the private upscale neighborhood of Harbour Gates Close on the southwest side of Providenciales where you will discover one of the island's prettiest beaches with calm, shallow turquoise waters and powder soft sand. The home is surrounded by palm trees, lush gardens and beautiful natural landscaping privately located at the end of a quiet cul de sac. The just-off-the-beach location offers quick and convenient access to the beach via two designated access points. This is a rare opportunity to own a fully renovated contemporary 2 bedroom vacation villa situated on a 0.27 acre lot together with an adjacent 0.31 acre prime building lot, both of which are being sold together. With all of the amenities that anyone seeking a vacation villa is looking for, Sapodilla by the Sea is a stylish, immaculate villa with open concept living spaces both inside and out. Modern and welcoming, the kitchen is equipped with stainless steel appliances and a “waterfall end” island for casual dining. The living room is a comfortable retreat with its own split unit A/C and lots of light through hurricane rated sliding doors that lead out to a covered dining patio and a spacious pool-side terrace. Both bedrooms are identical with king sized beds along with efficient wall mounted A/C units providing a relaxing sanctuary each with a beautifully finished ensuite bathroom. The outside spaces are elegant and welcoming with wood accents to match the teak dining set and the 4 teak loungers by the 19’ x 11’ pool and completely private in a lush garden setting. Under the house you will find an incredible amount of storage both in the laundry room area and a fully enclosed space the full length of the house. There is also a cistern collecting rainwater from the roof and used for irrigation or as a backup water system. The house can be a turnkey, fully furnished vacation rental business or it could be the ideal vacation home getaway for your personal use. The vacant lot next door is a prime building lot for future development possibilities giving you the option to build another lucrative rental villa or your perfect dream home with ocean views from an upper terrace and steps away from the beach. Both properties are sold together.

Welcome to this newly renovated, two-story, 3-bedroom, 3-bathroom hilltop residence that epitomizes modern luxury and elegance. Nestled high above sea level on Gumbo Limbo Road, this south-facing home offers breathtaking panoramic views of Discovery Bay, serene lakes, and the endless ocean, providing a tranquil and picturesque living experience. Ideally situated minutes from central Leeward Highway, a 10-minute drive to the airport, and just 15 minutes to the pristine beaches of Grace Bay. Step through heavy wooden double doors into a light and airy living space adorned with travertine floors throughout. The state-of-the-art kitchen features granite countertops, stainless steel appliances, and an island counter, perfect for culinary enthusiasts. The spacious living area with glass French doors opens onto an extensive patio, seamlessly blending indoor and outdoor living. Enjoy the expansive patio area equipped with a pool, wet bar, BBQ, and a covered terrace, which is ideal for entertaining and relaxation. Two large guest bedrooms, each with en-suite bathrooms and direct access to the terrace and pool, offer stunning views and privacy for visitors. The entire upstairs is dedicated to the luxurious primary bedroom and oversized en-suite bathroom, featuring four spacious closets, a huge walk-in shower, a clawfoot tub, a new double vanity, and an extended balcony facing south, perfect for soaking in the mesmerizing views of Provo. Discreetly located away from the main house is a 2-bedroom, 1-bathroom guest house which offers potential rental income while maintaining complete privacy for the principal residence. This exceptional property combines modern amenities with unparalleled natural beauty, providing a tranquil retreat that is both stylish and functional. Experience the epitome of luxury living with sweeping vistas and the best of island life at your fingertips. Don’t miss this rare opportunity to own a piece of paradise on Gumbo Limbo Road. Contact us today to schedule a viewing and make this dream home yours.

Belvedere Villa on Man O’War Road in Long Bay, Providenciales is an exquisite property that offers the perfect blend of luxury and Island living. Sitting on a generous 0.90-acre lot, this 4,200 square foot, two-story villa is a rare offering that promises a comfortable and upscale lifestyle. The villa boasts stunning ocean views and is conveniently located in close proximity to Long Bay Beach via Curlew Road, where you can enjoy a variety of beach sports and activities. As you step inside, you'll be greeted by a spacious and well-appointed interior. The villa features four large bedrooms, providing ample space for family and guests. The three and a half bathrooms are modern and elegantly designed, ensuring comfort and convenience for everyone. The kitchen is a chef's dream, equipped with sleek granite countertops and top-of-the-line appliances. Throughout the home, you'll find beautiful oak and travertine floors that add a touch of sophistication and warmth to the living spaces. Hurricane shutters are also in place. The exterior of Belvedere Villa is equally impressive. The property includes a beautifully designed swimming pool, perfect for relaxing and enjoying the warm climate. The spacious sun deck offers an ideal spot for outdoor entertaining or simply basking in the sun while taking in the breathtaking ocean views, very private from the native vegetation. The villa is offered fully furnished with tasteful, high-quality pieces, making it ready for you to move in and start enjoying your new lifestyle from day one. In addition to the luxurious amenities, the villa comes with a Nissan sedan and two electrical bicycles, providing convenient and eco-friendly transportation options. Also included are some household none-perishable goods to ensure a seamless transition into your new home. For those who enjoy DIY projects or need to handle maintenance tasks, a set of handyman tools is also included. Whether you're looking for a permanent residence or a luxurious vacation retreat, Belvedere Villa has everything you need and more. Don’t miss the opportunity to own this piece of paradise in Long Bay, in the beautiful Turks & Caicos, schedule a viewing today and experience the charm and elegance of Belvedere Villa for yourself.

Oceanfront vistas are enjoyed from every level of this rental driven 3-bedroom, three-storey Villa with its own pool and outdoor terraces on every level. This versatile layout locks off into three separate rental units, optimizing the opportunity for rental returns. The Strand is brought to you by one of the Developers of the successful and award-winning Esperanza resort in Cabo San Lucas and renowned Grace Bay Club in Turks & Caicos. The Strand is a luxury residential resort community with exotic ocean-front properties and one-of-a-kind residences. Marking the completion of the first Residences in Q3 of 2023 and construction well underway with the Villas, amenities and beach works, the vision at the Strand is already emerging. With three-stories beginning around 24 feet above sea level on the ground floor, oceanfront vistas are a key feature of ownership at the Villas. Boasting 10 to 12-foot ceiling heights throughout, the ocean views are crowned around 45 feet above sea level on the third level. Each guest bedroom functions as a Primary Suite with king bed, kitchenette and ensuite bathroom with double vanities and walk in shower. Each level contains an outdoor terrace with furniture as sumptuous as the indoor pieces. The ground level is complete with a Spanish custom white oak kitchen with Sub Zero wine fridge, additional refrigerator drawers and Miele or similar quality appliances, providing a backdrop to the living area which opens entirely to connect to an extended terrace with covered lounging area and 27’ pool with ledge loungers and alfresco dining room (3-Bed – 3,459 SF Under Roof (2,021 a/c Sq. Ft.) + 577 SF Ext. – Total 4,036 SF). Natural limestone flooring, hand-applied plaster, coral stone wall finishes, and optional solar energy systems round out the next level design. Located along 2,230 linear feet of southern shoreline, this high-end oceanfront residential resort and marina destination offers onsite amenities, including Club house with state of the art gym, spa, retail shop and yoga deck, use of beach access, an oceanfront restaurant and pool with zero setbacks to allow it to sit directly on the water’s edge, Beach Club with paddleboards, kayaks, sea bobs, jet skis, e foils, kiteboards and sailboats, tennis and pickleball courts, as well as access to a Club Boat for captained excursions or events. The Marina is independent from The Strand, but operates as a central amenity for the homeowners, offering approximately 23 slips for boats ranging between 40 – 60 feet via lease or leasehold purchase. Request a FAQ Sheet and Villas Fact Sheet for further details. Pre-construction availability and pricing are subject to change at the sole discretion of the developer without notice. High quality furnishings curated by Modus Operandi are not included in the price and are offered separately via a turnkey process. Enquire for Stamp Duty benefit. Prices include Renu Solar package.

Every once in a while, we get the opportunity to represent a property that is so incredibly rare and unique that it is humbling and awe inspiring. Having never been offered for sale since purchased in the 1960's, this is one of those properties! Not only does this 1.42 acre property have 150’ of coveted Grace Bay Beachfront and the natural beauty of Smith’s reef directly out front, it also has 95’ of canal frontage on Turtle Cove Canal. Beachfront and boating - truly the best of both worlds. The property is also renowned for having one of the oldest residences on the island of Providenciales. Sitting in this charming native stone and open wood beam “cottage” built in 1969, you feel transported through time back to that simpler, idyllic, relaxed old island lifestyle by the beach. With some imagination and an eye to preserving the history of this property, the cottage could easily be incorporated into a newer Villa design providing an organic touch to something that will undoubtedly be modern and much larger. As the cottage is located on the western side of the property, it could easily become a main bedroom wing, or living room and library with the solid, stone walls adding character and soul. Another key feature to this once in a lifetime property is the dedicated greenspace bordering the east side that will never be developed. This will ensure the new owner of this property will enjoy the peace of mind that their investment will remain private and quiet with no neighbours to the east. Grace Bay beachfront, canal-front, privacy and an estate sized lot, this is truly an opportunity that will never be seen again on Providenciales.

Boasting ocean views to Grace Bay beach from all living areas and the main wrap-around balcony, the suite also features a second balcony off the Master Bedroom. Situated in the heart of Grace Bay at Ocean Club West, this beautifully renovated and tastefully furnished 2-bedroom, 2.5 bath suite is a favorite. The fully redecorated suite spans two levels across a gracious 1,530 sq. ft. layout with an upper-level bedroom, spacious living area with high vaulted ceilings on the western corner of building 7. Hurricane-rated sliding glass doors were newly installed within the last several years along with upgraded travertine flooring on both levels, all new fixtures and appliances, the unit also features exquisite solid mahogany cabinetry throughout complemented by granite countertops in the kitchen and bathrooms. The kitchen features all stainless-steel appliances, and extra-large cabinetry and travertine backsplash. Additional custom details include dimmable lighting, amongst other thoughtful touches. Please inquire for more details regarding the participation in Ocean Club Resort's rental program. Owners and guests enjoy the amenity set of the resort including fitness, tennis, pool and beach service, on-site Solana restaurant and concierge services. Adjacent to celebrated Grace Bay Club and within short walking distance to Seven Stars, Ports of Call, Graceway Gourmet and Grace Bay’s shops and restaurants.

Introducing Caribbean Diamond, Unit A 102, the ultimate VRBO/Airbnb-approved rental property tucked away in Leeward, Provo’s hottest community. This 1-bedroom, 1.5-bath gem has been given a serious makeover, especially in the kitchen and bathrooms. We're talking about a kitchen that's gone from meh to magnificent, with freshly painted cabinets, brand-new appliances, slick countertops, and a whole new set of stylish furnishings. And don't even get us started on the bathrooms – they got an amazing upgrade, too, making sure guest stays here are top-notch. Situated within a secure and well-manicured complex, the amenities include a communal pool, gazebo, and barbecue area. Generous parking facilities are available for both residents and their guests. The condo's strategic location offers convenient access to the world-renowned Grace Bay Beach, consistently ranked as the top beach globally, as well as the nearby upscale hotels, dining establishments, and shopping venues in Grace Bay. Spanning approximately 900 square feet, this ground-floor unit provides spacious and comfortable accommodations. Don't miss the opportunity to own a piece of this island paradise. Caribbean Diamond in Leeward isn't just a rental property; it's a smart investment with recent renovations that make it a standout choice in the VRBO/Airbnb market.

Welcome to Turtle Tail, where luxury coastal living meets your dream getaway! Positioned along the picturesque south side of Providenciales, this exclusive enclave offers mesmerizing views of the shimmering turquoise waters of the Caicos Banks. This location is buzzing with excitement! Demand for properties in Turtle Tail is on the rise, and recent sales have blown past the $20 million mark, showcasing the allure and investment potential of this sought-after locale. With a generous lot size of 0.64 acres and an impressive 149 feet of beachfront, this gem is priced to sell. Ready to take the next step? Drop a line to our friendly listing agents to get more information. Don't miss your chance to own a slice of paradise at Turtle Tail – it's waiting just for you!

Nestled within the prestigious gated community of Thompson's Cove, this magnificent beachfront estate presents an unparalleled opportunity to own your slice of heaven on the world-renowned shores of Providenciales. This property spans an impressive 1.46 acres of pristine coastal land and boasts an enviable 226 feet of sugar-white sandy beachfront, offering breathtaking panoramic views of the azure Caribbean Sea. This newly remodeled charming two-story home epitomizes coastal elegance and offers six bedrooms and four bathrooms spread across its 4,400 square feet of living space. Upstairs, three bedrooms and two bathrooms provide a serene sanctuary with sweeping ocean views, while downstairs, three bedrooms and two bathrooms offer flexible accommodation options for guests or extended family. The home's renovation includes new bathrooms, a kitchen, appliances, furnishings, and A/C. For added versatility, a delightful studio-style cottage provides a private oasis for guests or could serve as a tranquil home office or artist's studio. The principal residence constructed on a separate inland lot from the two undeveloped beachfront parcels is perfectly positioned for future development or customization to suit your dreams of a luxury beachfront retreat. It's worth noting that the TCIG Planning Department recently granted permission for zero-lot line freehold title townhomes, such as at The Reserve at Rock House or Vacation Villas at The Strand. This offers the buyer a stamp duty savings and one of the reasons new construction villa projects are out selling resales in our luxury market. With 226 feet of beach frontage, this property could accommodate 5-zero lot line townhomes, subject to planning permission. Step outside to discover your private paradise, where lush tropical landscaping surrounds a sparkling pool and expansive patio area, creating an idyllic setting for al fresco dining, sunset cocktails, or simply soaking up the sun in blissful seclusion. With its unparalleled beachfront location, generous lot size, and versatile accommodation options, this exceptional property presents an extraordinary opportunity to indulge in the ultimate island lifestyle in one of Providenciales' most coveted communities. Don't miss your chance to make your beachfront dreams a reality – schedule your private viewing today!

Breaking ground imminently Spring 2023, La Mer III will be slated for completion by Q4 of 2024. Images in the listing include renderings of La Mer III and IV and photos of completed La Mer South (individually for sale) for indication of specifications and design language. Marrying aesthetics and functionality with impeccable taste, La Mer III is one of Providenciales’ most exciting new development villa offerings. The oceanfront design brings the best of all worlds together for an exacting high-end purchaser seeking a new island home in Turks & Caicos. The beautiful site, with its unique topography and rare southwest exposure, fronts the picturesque and calm Sapodilla Bay - enjoying true privacy combined with direct water access. The sandy-bottomed, shallow and gentle waters are just steps from the home’s expansive outdoor areas, offering the ability to moor and pull up a small private watercraft in front of the house on its approximate 100’ of waterfront. This property is one of very few on the island with this opportunity. Island lifestyle lovers will appreciate the north and southeast side louvered openings to let the breeze naturally cool down the living areas. Others will prefer the high-caliber air-conditioning system throughout the house when needed. The plans are thoughtfully laid out to ensure a relaxed and hospitable experience. Spanning two levels, the main level is the heart of the home featuring the living, dining, kitchen, and entertaining space seamlessly leading out to the pool deck and outdoor dining with sunken fire pit and plush oceanfront lounge, all easily accessible from the main level. Added pantry and prep area facilitate the ability to entertain small or larger parties. On the upper level, the primary bedroom and two additional guest bedrooms span the ocean facing façade of the second level each enjoying direct Caribbean Sea views and balcony areas, with a 4 th bedroom boasting spectacular views of Chalk Sound. Options include the ability to expand the main level with a 5 th bedroom, an optional garage and staff accommodation, and roof top terrace, among other additions possible. The total areas span approximately 5,424 of finished areas including 4,607 sq. ft. under roof of which 817 is exterior and 3,428 sq. ft. is A/C area. The developer’s own interior design expertise and high-end furnishings firm provides a purchaser the ability to round out these superb spaces in working together for a turn-key furnishings package if desired, similarly to the recently completed masterpieces known as La Mer South and La Mer West, individually for sale. Inquire for specifications and payment schedule details. Adjacent La Mer IV is being retained for the developer and will be built at the same time.