WIHCON spending $2b on ‘Loft-y’ living quarters
Published:Monday | September 11, 2017 | 12:00 AMAvia Collinder
Saying its new real estate venture is designed to take home buyers "beyond the usual apartment experience", West Indies Home Contractors Limited, WIHCON, has broken ground for a new project called the Lofts.
The developer says it aims to create "an oasis in the middle of the city" on 2.65 acres of land at Arthur Wint Drive in Kingston. WIHCON is building 128 apartments on two blocks that will rise six storeys high.
The Lofts will comprise 84 studios and 44 two-bedroom units, with starting prices of $11.6 million and $18.55 million, respectively, and ranging in sizes.
WIHCON sales and marketing manager Janelle Brown says the company is investing around $2 billion in the development.
The Lofts, further described as "more than just another Kingston address", will be gated with security, and provide underground parking, clubhouse with gym, jogging trails, and tennis courts.
"We're targeting young professionals and investors," Brown said, who noted the project is to be finalised in 2019.
The units, she said, will be similar in layout to the residences in the company's Forest Ridge development, another apartment cluster in St Andrew.
Over half century of WIHCON operations, the company has constructed more than 46,000 housing units.