MoBay couple to develop luxury housing at Ironshore
Calling it their most ambitious project yet, Matthew and Danielle Donaldson are spearheading a $600-million luxury housing development in the upscale community of Ironshore, Montego Bay.The project is being undertaken through NFD Construction and is backed by Sygnus Real Estate Finance Limited.
The husband-and-wife team, who are 33 and 30 years old, respectively, have earmarked the first quarter of 2021 to finalise the complex called Surreal by the Sugar Mill and comprised of 24 condos and three villas on a 1.4 -acre site.On a tour of the property, which overlooks the Caribbean Sea, will be a site for a complex whose style is “stylish contemporary architecture with some amazingly innovative floor plans”.
Each unit will have a lap pool, while all penthouses will have an outdoor terrace and a Jacuzzi. The complex will also be monitored by closed-circuit cameras.
Matthew added that while this will be their biggest project together as a team, the pair has done work in the business process outsourcing sector for companies such as Vista Print and Market Track. Matthew - who says his family has been in the construction business for over 25 years– has himself done concrete work for hotels such as Hyatt, DeCameron and RIU Resorts.
“This is by far our biggest and most ambitious project yet … one that is both daunting and challenging,” he said. “We broke ground back in September and are confident that we will meet our deadline for completion.”
Matthew says he and Danielle are the only partners in the venture. Their company NFD Construction was named for the couple’s daughter, Noelle Fiona Donaldson, said Danielle.
Prices for the units will range from US$197,400 to US$567,000, with the target market being families seeking high-end property as well as investors looking for a good return.
“We are also targeting corporate organisations that are interested in renting or leasing or acquiring their own property, and foreign investors who are interested in owning vacation homes in Jamaica,” Danielle added.