Fri | Jan 19, 2018

Sagicor to wrap up May Pen development next year

Published:Friday | December 16, 2016 | 12:00 AM
Rohan Miller, executive vice president and chief investment officer at Sagicor.

Sagicor Property Services Limited says the commercial shops in its Mineral Heights, Clarendon mall should be ready late next year.

The 21-acre site will eventually see a mix of residential and commercial units, but designs for a set of residential units are still not yet fleshed out, said Sagicor executive vice-president and chief investment officer Rohan Miller.

Miller said the first phase to build the perimeter wall is now complete, while phase two, which includes infrastructure work on drainage and "laying the foundation to take the development", as well as parking areas, is nearly finished.

The project is divided into three phases.

Sagicor first announced plans for the development, which sits across from the Mineral Heights Housing Scheme, in 2011.

At the time, the company indicated it plans to build 63 shops on 9.6 acres of the land. The plans then included a supermarket, pharmacy, hardware store, cinema, gas station, police station and retail shops.

However, plans for the police station were later scaled back to a police post, while the plan for the gas station has been shelved for now, but is expected to be revived later.

"Next year, we plan to move into the third and final phase, which is the construction of the commercial units themselves. We expect the mall to be completed by third-quarter 2017," Miller said.

Chin's Construction's building the fence, but a contractor is still to be selected for the shops and other aspects of the plan, Miller said.

The budget for the overall development is $2 billion, of which an estimated $700 million to $900 million will be spent on the commercial units.