Sun | Jan 20, 2019

Realtors Anticipate Benefit from Obama Visit

Published:Friday | April 10, 2015 | 12:00 AM
Charles H. Murphy III (left) and Keith Russell.

Charles H. Murphy III, real estate dealer based in Little Rock, Arkansas, is confident that President Barack Obama's visit to Jamaica will strengthen commerce, trade and opportunities for US-Jamaican business partnerships, especially as it relates to his own investment with Jamaican partner Keith Russell.

Realising the incredible appeal and natural resources of this country, Murphy's investment in the island with Russell began more than 15 years ago with a dream to transform Trelawny in a way that would earn the parish the title of Jamaica's third city.

To date, the developers have invested more than J$5 billion to acquire some 800 acres of land in the vicinity of Duncans, Trelawny. They have obtained all relevant approvals, making it the largest shovel-ready resort project on Jamaica's north coast. It was quite fitting that the proprietors sought to name this new township development, Amaterra - Latin for 'love of the land'.

"Amaterra has been a collaborative vision of my partner Charles and I for a very long time. We are heartened and encouraged by President Obama's visit to Jamaica and the upcoming talks with our prime minister, especially as it relates to tourism, renewable energy and other aspects that can further strengthen the ties between our two nations," said Russell.

"I have had a dynamic and productive relationship with my colleague Charles, whose expertise complemented our vision in creating the Caribbean's first premier resort township development. I am proud to work with him, and I encourage other Americans to look to our island and our people as viable prospects for business and commercial partnerships," he continued.

With five kilometres of ocean-front property, Amaterra Jamaica Limited proposes the development of the first all-inclusive resort township in Jamaica. Less than 30 minutes from the Donald Sangster International Airport in Montego Bay, Amaterra will be home to a number of five-star hotels, residential lots, exclusive town houses, mid-rise apartments, condominiums and retirement housing solutions. Guests and residents will have the opportunity to utilise an 18-hole par 72-course plays, championship golf course, overlooking the Caribbean Sea. This golf course is intended to attract regional and international golf championships. The proprietors also intend to build a marine park for the preservation of existing coral reefs and eco-systems.


Various facilities


The development will also include a commercial centre, recreational, educational and medical facilities, provision of lots for faith-based institutions, and the establishment of a renewable green energy supply. Governmental and social service facilities such as police, fire stations and a transport centre have also been factored into the overall development of Amaterra.

Local Jamaicans, the diaspora and tourists will have the opportunity to visit Taino/Arawak burial grounds as well as Stewart's Castle, an 18th century, cutstone mansion - an iconic feature of Trelawny's history. Additionally, Amaterra will be the location of the first outdoor amphitheater with an adjoining state-of-the-art technology centre with the capacity for international teleconferencing facilities.

It is evident that Amaterra seeks to fill the social and economic gap that currently exists in northwestern Jamaica. The project seeks to break ground within the next six months.