Rock House Update - December 2022
Grace Bay Real Estate Update:
Dear friends and family,
We are excited to share with you the next phase of development at Rock House as it takes shape. This exciting new area of development consists of ten elegant ocean view homes. Each home enjoys their own lot offering 2, 3 & 4 bedroom options, at elevations as high as 76’ above sea level, with large private pools designed with families in mind, full kitchens, elegant finishes and soaring 12-foot ceilings. Construction of this phase began in late summer and only five homes remain for sale. Completion is estimated in late 2023.
Our Conservation Efforts Continue
Rock House continues to go to great lengths to protect our natural environment, with hundreds of native plants and trees removed and to be replanted at completion, while our architecture is reusing excavated local limestone. Unique initiatives like this have helped the resort to generate accolades from some of the industry’s highest authorities, including Architectural Digest, Vogue and Robb Report. Most recently the property was cited by Condé Nast Traveler as among “The places to See in 2023”:
“….Grace Bay Beach has long been the coveted endgame for visitors to Turks and Caicos. Lately, though, a wave of new hotels…in more remote parts of the island chain are changing what it means to have an exclusive experience here. Leading the way, the 46-unit Rock House opened this past May, with its sleek Mediterranean style….private plunge pools, and sustainability efforts that preserve native foliage and limestone. But Rock House’s real magic is undeniably in its location: a clifftop perch above a secluded beach on Grace Bay’s north shore…”
Strong Momentum in Owner Rental Revenue
Grace Bay Resort’ two decades of luxury development and hospitality experience in the Turks & Caicos is now producing real economic benefits to owners at Rock House and, thanks in part to our recent affiliation with the prestigious Leading Hotels of the World, the property has enjoyed strong early momentum. In just 6 months, rental revenues and rates are already hitting the heels of our most coveted properties here in the Turks and Caicos Islands.
Resort Amenities & Further Phases
As the project grows, we continue to add to the amenity set offered to our owners and guests. In 2023 we anticipate further growth of our food & beverage offerings, a tennis court and a kids discovery center, as well as a unique horticultural hiking/nature trail through the wild native hills of this 14-acre site. We are also adding additional oceanside lounging areas right at the edge of our dramatic limestone cliffs. This gives guests additional options for relaxing in the sun.
Plans are now also being drawn up to expand the resort further with the addition of our Phase 3. Reminiscent of hillside villages in southern France or Greece, this new addition is introducing a new wellness retreat, offering a world-class spa together with a collection of ultra-chic one-bedroom villas with private pools. This zone of development will also include a new dining venue and pool. All of these will have ocean views from the highest elevation on the site at nearly 100 ft. of elevation.
When complete, Rock House will consist of more than 50 elegant homes and a rich offering of food and beverage venues and luxury amenities, allowing the property to compete at the highest level. Rock House is proving to be a solid lifestyle investment for its owners, offering undeniable sophistication and a level of privacy not normally available in a resort setting.
As always, we thank you for your time and continuous support and we wish you the best for the Holidays!
Warm personal regards,
CEO & Developer