After last week’s Quick Hits post containing updates on a wide variety of projects currently ongoing in Aruba, I decided to write a sequel. I’ve received an avalanche of emails from people asking me to write more about other projects as well. Gladly. Here is Quick Hits #2.
Something new I’m doing with these post now is linking to various sites relating to the subject matter, hopefully making the content more useful. Note that all links will open a new tab or window.
Natura Residences Aruba [Image by Natural Residences website]
A few years ago many new condo projects start popping out of the ground like wild mushrooms, however, most of them never materialized due the economic crisis. Fact is that financing dried up and most projects paralyzed or stopped altogether.
Until now that is. The money-flow for new condo developments seem to have restarted and a new project has presented itself: Natura Residences at Eagle Beach Aruba. Construction has started and is located between Eagle Beach and Palm Beach, north of Blue Residence Club (defunct The Cliff Residences) and south of Divi Phoenix Aruba timeshare towers.
The developer of Natura Residencias (note the spelling in the logo is in Spanish “Residencias”) is Natura Development, a company registered at the Chamber of Commerce on January 30, 2007 and a local national and a Venezuelan, according to official records. The sales office is located in The Village mall (in Palm Beach across Radisson Resort). The Village is (co-)owned by the same local national mentioned above.
The increase of development and construction in Aruba comes inherently with criticism, from both locals and tourist. While I’m not going to get into that topic right now (this post is called Quick Hits) I want to emphasize that this development is different from what’s we’ve seen recently on this island. In fact it reminds me more of the Boardwalk on steroids. Natura’s going to to feature 20 units (or town houses as they are called nowadays) which is going to have a different architectural style and overall theme in comparison to other projects. It certainly won’t high rise development and the theme is more earthy and Caribbean.
I visited the construction site the other day and observed construction of what seems to be two model-units. The rest of the terrain is empty.
Renaissance Mall Aruba continues its focus to attract more high end tenants for its luxury brands mall. After seeing Salvatore Ferragamo left Renaissance Mall in favor of Palm Beach Plaza mall, a prime spot came open. Now luxury apparel brand Coach New York is opening its door before the end of the year.
Super Food is currently located on the main road going to the hotel area, just before reaching the low rise hotel area, across the street of defunct Bushiri Resort. Super Food has big expansion plans and is building a brand new facility east of Tropicana Aruba and west of Sasaki Apartments. Formerly Adventure Golf miniature golf and Black Hog Saloon were located there. After a long construction delay (which is normal in Aruba) Super Food recently started the construction.
This supermarket seems to target now not only the local shopper, but more directly the tourists as well. Apart from groceries, bread and meat, they are offering rental spaces for other merchants to open shop there as well. Think of a farmacy and florist.
Iconic bar and restaurant Mambo Jambo has been sold. Owner Aruba Wine and Dine lost confidence in the project after losing business due to the move of clientele from down town to Palm Beach area. The new owner, who has experience in this field, said he’s planning to turn things around. The name “Mambo Jambo” is likely to disappear.
The original project was called The Cliff but the project ultimately was abandoned. The Cliff was under development by Venezuelan Pering Group, which was simultaneously developing Oceania Condominium. Oceania Condo was delivered but The Cliff didn’t make it.
A few years has gone by and Pering decided to give another go. They changed the name to Blue Residence Club but the logo and plans shows similarities with defunct The Cliff condo. This is going to be a relatively tall building consisting of 127 units. The plans on the website suggests four models, the smallest being 1024 square feet (95 square meter) and the biggest 617 square feet (297 square meter). Very spacious. Unit prices start at $418,000.
Low budget resort Aruba Millennium, located off Palm Beach, has been up for sale for some time. Last year the property exchanged owners and is now owned by Venezuelan investors. Soon after the property was officially acquired, renovation work started, only to stop just as quickly. It’s been sitting without any activity for months.
Lastly a final word of advice from me: if you’re in the market for condo property, beware of notorious construction delays and moving deadlines.
Most legal documents are in Dutch (Aruba’s official language). You cannot demand English or Spanish documents as Dutch is our official language. Just pay a guy to have look at it. It’s puzzling for me to see how many people refuse to hire a guy for $1K or so to go through the documents while on the other side are more than willing to commit $300K option to purchase, sometimes without having a clue what the contract says. Buyer beware.