Report from the Jamaica Observer
http://www.jamaicaobserver.com/business/PROComm-owners-to-build--280-m-office-complex_16616203
The owners of local communications firm, PROComm, has gone into real
estate development with its first office complex at Phoenix Avenue set
to break ground on May 19.
Through PRODEV, Jean Lowrie-Chin and Hubie Chin inked adeal with
Islandwide Construction Limited to build the $280 million, three-storey
complex.
"Phoenix Central will be the future home of PROComm," noted Jean.
"While we have grown to love our current location of over 30 years at 6
Kingsway, we had invested in 2 Phoenix Avenue many years ago with the
intention of moving our offices there. We plan to retain five of the 16
units."
She continued: "As we saw the various residential developments taking
place on Kingsway, we decided that the time was right to take this big
step, so we hope to develop an apartment complex as soon as we move to
our new location next year."
The complex, which will be named Phoenix Central and which will
accommodate alternative energy solutions, was designed by architects
Plexus Limited, while Berkeley and Spence provided quantity surveying
services.
PRO-COMM DEVELOPMENTS LIMITED
All about our first Real Estate development project
Thursday, May 15, 2014
Wednesday, May 7, 2014
Phoenix Central office complex to break ground
Kingston, Jamaica – May
6 2014: Jean Lowrie-Chin and
Hubie Chin, owners of PROComm, have formed a new real estate development
company, PRODEV. The company’s first
project – Phoenix Central - will be a professional complex located at 2
Phoenix Avenue, Kingston 10. The
construction contract was signed on Monday May 5, with Islandwide Construction
Limited, following the necessary approvals from NEPA, NWA, KSAC and the Real
Estate Board; ground-breaking is scheduled for May 19.
Phoenix Central was designed by architects Plexus Limited, while
Berkeley and Spence provided quantity surveying services. The J$280M project is a unique three-storey
design which will accommodate alternative energy solutions.
“Phoenix Central will be the future home of PROComm,” noted
Jean. “While we have grown to love our
current location of over 30 years at 6 Kingsway, we had invested in 2 Phoenix
Avenue many years ago with the intention of moving our offices there. We plan to
retain five of the 16 units.”
She continued: “As we saw the various residential developments
taking place on Kingsway, we decided that the time was right to take this big
step, so we hope to develop an apartment complex as soon as we move to our
new location next year.
Principal of Plexus Limited Bryan Morris says his firm is
delighted that the project is unfolding at a good pace: “Phoenix Avenue is an
excellent location, and we are proud of the work of our lead architect Hugo
Matthews who has created an excellent design that will become an iconic landmark
in this fast-developing area.”
Realtor Anya Levy |
The Realtor for the development, Anya Levy of Remax Elite, has
received positive responses from prospective buyers. “The range of office sizes makes this
attractive to various types of businesses,” she commented.
“The contemporary design, strategic location
and amenities offered have made it very appealing to investors.”Friday, February 8, 2013
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